Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Lowers Stake in Generac Holdings Inc. (NYSE:GNRC)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 35.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,142 shares of the technology company's stock after selling 10,469 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in Generac were worth $2,474,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in GNRC. Headlands Technologies LLC bought a new stake in Generac in the third quarter worth about $28,000. BKM Wealth Management LLC bought a new stake in shares of Generac in the fourth quarter valued at approximately $28,000. ORG Partners LLC bought a new stake in shares of Generac in the fourth quarter valued at approximately $38,000. Operose Advisors LLC bought a new stake in shares of Generac in the third quarter valued at approximately $40,000. Finally, Pinnacle Bancorp Inc. raised its position in shares of Generac by 89.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 311 shares of the technology company's stock valued at $40,000 after purchasing an additional 147 shares during the period. Institutional investors own 84.04% of the company's stock.

Generac Trading Up 1.5 %

NYSE:GNRC traded up $1.98 during midday trading on Tuesday, reaching $136.10. 1,450,431 shares of the stock traded hands, compared to its average volume of 1,045,503. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 2.27. Generac Holdings Inc. has a 12 month low of $79.86 and a 12 month high of $156.95. The stock has a market capitalization of $8.20 billion, a P/E ratio of 41.59, a PEG ratio of 1.79 and a beta of 1.45. The company has a fifty day moving average of $121.29 and a 200 day moving average of $116.28.

Generac (NYSE:GNRC - Get Free Report) last issued 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). Generac had a return on equity of 14.15% and a net margin of 5.33%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company posted $1.78 earnings per share. The firm's revenue for the quarter was up 1.4% compared to the same quarter last year. On average, research analysts predict that Generac Holdings Inc. will post 6.3 EPS for the current year.

Wall Street Analyst Weigh In

GNRC has been the subject of several recent analyst reports. Robert W. Baird boosted their price objective on shares of Generac from $112.00 to $129.00 and gave the company a "neutral" rating in a research note on Thursday, February 15th. Roth Mkm boosted their price objective on shares of Generac from $120.00 to $135.00 and gave the company a "neutral" rating in a research note on Tuesday. TD Cowen cut their price target on shares of Generac from $165.00 to $144.00 and set an "outperform" rating for the company in a research note on Thursday, February 15th. Guggenheim cut shares of Generac from a "buy" rating to a "neutral" rating in a research note on Thursday, February 15th. Finally, Canaccord Genuity Group boosted their price target on shares of Generac from $140.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday, April 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $141.65.

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $126.94, for a total transaction of $634,700.00. Following the completion of the transaction, the chief executive officer now directly owns 592,177 shares of the company's stock, valued at approximately $75,170,948.38. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 2.80% of the company's stock.

Generac 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.