Larson Financial Group LLC Reduces Position in Generac Holdings Inc. (NYSE:GNRC)

Larson Financial Group LLC decreased its holdings in Generac Holdings Inc. (NYSE:GNRC) by 55.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,402 shares of the technology company’s stock after selling 3,000 shares during the period. Larson Financial Group LLC’s holdings in Generac were worth $372,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Modus Advisors LLC bought a new position in Generac in the 4th quarter worth about $27,000. Versant Capital Management Inc lifted its holdings in shares of Generac by 391.9% in the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock worth $28,000 after buying an additional 145 shares in the last quarter. Cranbrook Wealth Management LLC bought a new position in shares of Generac in the fourth quarter valued at approximately $28,000. Brooklyn Investment Group purchased a new position in Generac during the third quarter valued at approximately $31,000. Finally, Bank of Jackson Hole Trust bought a new stake in Generac during the 4th quarter worth approximately $31,000. Institutional investors own 84.04% of the company’s stock.

Generac Trading Down 3.6 %

NYSE GNRC opened at $131.67 on Tuesday. The stock has a 50-day moving average of $148.15 and a 200-day moving average of $159.55. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. Generac Holdings Inc. has a 1-year low of $110.35 and a 1-year high of $195.94. The firm has a market cap of $7.85 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, beating 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%. As a group, sell-side analysts forecast that Generac Holdings Inc. will post 8 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on the stock. Stifel Nicolaus cut their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Wells Fargo & Company reduced their target price on Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Robert W. Baird lowered their price target on Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Citigroup cut their price objective on Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Finally, Piper Sandler lowered their target price on shares of Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.00.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was 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 of the company’s stock, valued at $82,129,498.75. This represents a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.90% of the company’s stock.

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.