Loomis Sayles & Co. L P Has $30.36 Million Position in Generac Holdings Inc. (NYSE:GNRC)

Loomis Sayles & Co. L P boosted its stake in Generac Holdings Inc. (NYSE:GNRC) by 6.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 195,802 shares of the technology company’s stock after purchasing an additional 11,438 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Generac were worth $30,359,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GNRC. Vanguard Group Inc. boosted its position in shares of Generac by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 6,795,550 shares of the technology company’s stock worth $1,053,650,000 after purchasing an additional 47,450 shares in the last quarter. Boston Partners raised its stake in Generac by 39.0% during the 4th quarter. Boston Partners now owns 1,903,297 shares of the technology company’s stock worth $295,123,000 after buying an additional 533,612 shares during the period. Jennison Associates LLC boosted its holdings in Generac by 133.6% in the fourth quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock worth $104,227,000 after acquiring an additional 384,434 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Generac by 114.8% in the third quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock valued at $88,944,000 after acquiring an additional 299,205 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Generac by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 557,986 shares of the technology company’s stock valued at $86,516,000 after acquiring an additional 2,015 shares in the last quarter. 84.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GNRC has been the subject of several research reports. Truist Financial reduced their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Robert W. Baird reduced their price objective on shares of Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Bank of America initiated coverage on shares of Generac in a research report on Monday. They set a “buy” rating and a $182.00 target price for the company. Barclays began coverage on shares of Generac in a research report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price target on the stock. Finally, Wells Fargo & Company decreased their price objective on Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. Ten analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.38.

Generac Stock Down 2.0 %

Generac stock opened at $131.19 on Friday. The firm has a 50 day moving average price of $141.35 and a 200-day moving average price of $157.70. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. Generac Holdings Inc. has a twelve month low of $124.76 and a twelve month high of $195.94. The company has a market capitalization of $7.82 billion, a P/E ratio of 24.29, a P/E/G ratio of 1.44 and a beta of 1.50.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. As a group, equities analysts predict that Generac Holdings Inc. will post 8 EPS for the current year.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the completion of the transaction, the chief executive officer now owns 565,825 shares in the company, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.90% 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.