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

Larson Financial Group LLC decreased its holdings in Generac Holdings Inc. (NYSE:GNRCFree Report) 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:GNRCGet Free Report) 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.

View Our Latest Research Report on GNRC

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

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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