Loomis Sayles & Co. L P Acquires 11,438 Shares of Generac Holdings Inc. (NYSE:GNRC)

Loomis Sayles & Co. L P grew its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 6.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 195,802 shares of the technology company's stock after acquiring an additional 11,438 shares during the quarter. Loomis Sayles & Co. L P owned 0.33% of Generac worth $30,359,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Nordea Investment Management AB bought a new position in shares of Generac during the fourth quarter worth about $5,229,000. Global Financial Private Client LLC acquired a new stake in shares of Generac in the fourth quarter valued at about $614,000. Franklin Resources Inc. boosted its position in Generac by 106.1% during the third quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company's stock valued at $4,998,000 after purchasing an additional 14,811 shares during the last quarter. Glenmede Trust Co. NA boosted its position in Generac by 54.1% during the third quarter. Glenmede Trust Co. NA now owns 11,984 shares of the technology company's stock valued at $1,904,000 after purchasing an additional 4,209 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Generac by 41.4% during the 3rd quarter. Barclays PLC now owns 185,193 shares of the technology company's stock worth $29,425,000 after purchasing an additional 54,202 shares during the last quarter. 84.04% of the stock is owned by institutional investors.

Generac Trading Down 0.0 %

NYSE GNRC traded down $0.01 during mid-day trading on Tuesday, reaching $126.64. 212,780 shares of the stock were exchanged, compared to its average volume of 885,849. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. The stock has a market cap of $7.55 billion, a P/E ratio of 23.39, a P/E/G ratio of 1.44 and a beta of 1.50. The stock has a 50 day simple moving average of $139.98 and a 200-day simple moving average of $157.70. Generac Holdings Inc. has a one year low of $122.90 and a one year high of $195.94.

Remove Ads

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. On average, analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current year.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the sale, the chief executive officer now owns 565,825 shares in the company, valued at $82,129,498.75. This represents a 0.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GNRC. UBS Group boosted their target price on shares of Generac from $200.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Bank of America started coverage on shares of Generac in a report on Monday, March 24th. They issued a "buy" rating and a $182.00 price target on the stock. Stifel Nicolaus reduced their price objective on Generac from $210.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Truist Financial lowered their target price on Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. Finally, Guggenheim raised Generac from a "sell" rating to a "neutral" rating in a report on Monday, March 17th. Ten analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $174.38.

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.