Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Reduces Stake in Generac Holdings Inc. $GNRC

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lowered its stake in Generac Holdings Inc. (NYSE:GNRC) by 4.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,080 shares of the technology company’s stock after selling 418 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Generac were worth $1,300,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its position in Generac by 19.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,311 shares of the technology company’s stock worth $929,000 after acquiring an additional 1,195 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in Generac in the first quarter worth about $245,000. Cambridge Investment Research Advisors Inc. grew its position in Generac by 15.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 25,520 shares of the technology company’s stock worth $3,232,000 after acquiring an additional 3,345 shares in the last quarter. Integrity Alliance LLC. purchased a new position in Generac in the first quarter worth about $299,000. Finally, Amundi grew its position in Generac by 8.2% in the first quarter. Amundi now owns 105,038 shares of the technology company’s stock worth $12,147,000 after acquiring an additional 7,923 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on GNRC shares. Canaccord Genuity Group decreased their price objective on shares of Generac from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Thursday, September 25th. TD Cowen raised their price objective on shares of Generac from $155.00 to $198.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Stifel Nicolaus raised their price objective on shares of Generac from $195.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Zacks Research downgraded shares of Generac from a “hold” rating to a “strong sell” rating in a research note on Friday, October 17th. Finally, Needham & Company LLC started coverage on shares of Generac in a research note on Wednesday. They issued a “buy” rating and a $248.00 price objective for the company. Thirteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $188.94.

Generac Stock Performance

Generac stock opened at $189.13 on Friday. The company has a 50 day moving average price of $181.54 and a 200-day moving average price of $152.71. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.88 and a current ratio of 2.00. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $203.25. The company has a market capitalization of $11.10 billion, a PE ratio of 31.42, a P/E/G ratio of 1.55 and a beta of 1.64.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.32. Generac had a net margin of 7.91% and a return on equity of 19.14%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the firm posted $1.35 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. Generac has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $167.42, for a total transaction of $837,100.00. Following the transaction, the chief executive officer directly owned 547,966 shares of the company’s stock, valued at $91,740,467.72. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 2.70% of the stock is currently owned by insiders.

About Generac

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.