Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lessened its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 1.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,548 shares of the technology company’s stock after selling 100 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Generac were worth $1,585,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Avitas Wealth Management LLC lifted its stake in shares of Generac by 19.5% during the third quarter. Avitas Wealth Management LLC now owns 2,546 shares of the technology company’s stock worth $405,000 after purchasing an additional 416 shares in the last quarter. Hedeker Wealth LLC lifted its stake in shares of Generac by 1.5% in the third quarter. Hedeker Wealth LLC now owns 38,278 shares of the technology company’s stock worth $6,082,000 after acquiring an additional 559 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Generac by 17.8% in the third quarter. Nisa Investment Advisors LLC now owns 2,008 shares of the technology company’s stock worth $319,000 after acquiring an additional 303 shares in the last quarter. First Financial Bankshares Inc lifted its stake in shares of Generac by 0.8% in the third quarter. First Financial Bankshares Inc now owns 17,547 shares of the technology company’s stock worth $2,788,000 after acquiring an additional 141 shares in the last quarter. Finally, Custom Index Systems LLC acquired a new position in shares of Generac in the third quarter worth about $428,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on GNRC shares. Scotiabank boosted their price target on Generac from $147.00 to $160.00 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. Robert W. Baird boosted their price target on Generac from $142.00 to $163.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Stephens reissued an “overweight” rating and issued a $200.00 price objective on shares of Generac in a report on Monday, August 5th. Canaccord Genuity Group boosted their price objective on Generac from $177.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. boosted their price objective on Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $165.40.

Generac Stock Performance

Shares of GNRC stock opened at $165.15 on Thursday. Generac Holdings Inc. has a 12-month low of $81.62 and a 12-month high of $176.14. The firm has a market capitalization of $10.01 billion, a price-to-earnings ratio of 45.50, a price-to-earnings-growth ratio of 2.15 and a beta of 1.38. The business has a 50 day simple moving average of $156.37 and a 200 day simple moving average of $147.65. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.25 and a quick ratio of 0.99.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.15. Generac had a return on equity of 15.35% and a net margin of 6.03%. The business had revenue of $998.20 million during the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the company posted $1.08 EPS. The business’s revenue for the quarter was down .2% compared to the same quarter last year. On average, equities research analysts anticipate that Generac Holdings Inc. will post 6.49 EPS for the current year.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total value of $794,650.00. Following the completion of the transaction, the chief executive officer now directly owns 562,177 shares of the company’s stock, valued at $89,346,790.61. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.80% of the company’s stock.

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.