Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 10,469 Shares of Generac Holdings Inc. (NYSE:GNRC)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lessened its stake in Generac Holdings Inc. (NYSE:GNRC) by 35.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,142 shares of the technology company’s stock after selling 10,469 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Generac were worth $2,474,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in GNRC. Ariel Investments LLC increased its position in Generac by 14.9% during the third quarter. Ariel Investments LLC now owns 2,010,344 shares of the technology company’s stock worth $219,047,000 after acquiring an additional 261,050 shares during the period. Invesco Ltd. raised its holdings in Generac by 9.9% during the 3rd quarter. Invesco Ltd. now owns 1,633,226 shares of the technology company’s stock worth $177,956,000 after purchasing an additional 147,523 shares during the last quarter. Impax Asset Management Group plc increased its stake in shares of Generac by 3.3% in the 3rd quarter. Impax Asset Management Group plc now owns 1,172,742 shares of the technology company’s stock valued at $127,151,000 after acquiring an additional 37,846 shares in the last quarter. Northern Trust Corp increased its stake in shares of Generac by 9.0% in the 3rd quarter. Northern Trust Corp now owns 673,384 shares of the technology company’s stock valued at $73,372,000 after acquiring an additional 55,812 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Generac by 42.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 650,139 shares of the technology company’s stock valued at $70,839,000 after purchasing an additional 194,265 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Trading Up 2.7 %

NYSE:GNRC traded up $3.65 during midday trading on Tuesday, hitting $137.77. 854,057 shares of the company traded hands, compared to its average volume of 1,037,660. The firm’s fifty day moving average is $121.29 and its 200-day moving average is $116.28. Generac Holdings Inc. has a 12-month low of $79.86 and a 12-month high of $156.95. The firm has a market capitalization of $8.30 billion, a P/E ratio of 41.59, a P/E/G ratio of 1.79 and a beta of 1.45. The company has a current ratio of 2.27, a quick ratio of 0.94 and a debt-to-equity ratio of 0.62.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, February 14th. The technology company reported $2.07 EPS for the quarter, missing the consensus estimate of $2.09 by ($0.02). The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.09 billion. Generac had a net margin of 5.33% and a return on equity of 14.15%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same period last year, the company earned $1.78 EPS. On average, sell-side analysts predict that Generac Holdings Inc. will post 6.3 EPS for the current year.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $126.94, for a total transaction of $634,700.00. Following the transaction, the chief executive officer now owns 592,177 shares of the company’s stock, valued at approximately $75,170,948.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GNRC. Guggenheim downgraded shares of Generac from a “buy” rating to a “neutral” rating in a report on Thursday, February 15th. Citigroup raised their target price on shares of Generac from $124.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. UBS Group reduced their price target on shares of Generac from $160.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. TD Cowen cut their target price on shares of Generac from $165.00 to $144.00 and set an “outperform” rating on the stock in a report on Thursday, February 15th. Finally, Canaccord Genuity Group raised their target price on shares of Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Generac currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.65.

Generac Company Profile

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.