Larson Financial Group LLC Has $372,000 Position in Generac Holdings Inc. (NYSE:GNRC)

Larson Financial Group LLC trimmed its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 55.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,402 shares of the technology company's stock after selling 3,000 shares during the quarter. Larson Financial Group LLC's holdings in Generac were worth $372,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Empirical Finance LLC lifted its holdings in Generac by 4.1% during the 3rd quarter. Empirical Finance LLC now owns 1,689 shares of the technology company's stock worth $268,000 after buying an additional 66 shares in the last quarter. Allworth Financial LP raised its holdings in Generac by 3.0% during the 4th quarter. Allworth Financial LP now owns 2,738 shares of the technology company's stock worth $435,000 after purchasing an additional 80 shares during the last quarter. Nicollet Investment Management Inc. lifted its position in Generac by 1.1% during the 3rd quarter. Nicollet Investment Management Inc. now owns 7,866 shares of the technology company's stock valued at $1,250,000 after purchasing an additional 82 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of Generac by 42.0% in the 4th quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company's stock valued at $44,000 after purchasing an additional 84 shares during the last quarter. Finally, Cornerstone Wealth Management LLC grew its position in shares of Generac by 6.3% during the 4th quarter. Cornerstone Wealth Management LLC now owns 1,518 shares of the technology company's stock worth $235,000 after buying an additional 90 shares during the period. Institutional investors and hedge funds own 84.04% of the company's stock.

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Insiders Place Their Bets

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

Analyst Ratings Changes

A number of brokerages have issued reports on GNRC. Stifel Nicolaus reduced their price objective on shares of Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Robert W. Baird decreased 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. Truist Financial cut their target price on shares of Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. UBS Group upped their price objective on shares of Generac from $200.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Finally, Wells Fargo & Company reduced their target price on Generac from $175.00 to $165.00 and set an "equal weight" rating on the stock in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $174.00.

Generac Stock Performance

Shares of GNRC traded up $0.87 during midday trading on Wednesday, reaching $132.21. The stock had a trading volume of 299,033 shares, compared to its average volume of 881,560. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The firm has a 50 day simple moving average of $147.68 and a 200-day simple moving average of $159.37. The firm has a market cap of $7.88 billion, a PE ratio of 24.52, a P/E/G ratio of 1.44 and a beta of 1.50. Generac Holdings Inc. has a one year low of $110.35 and a one year high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last posted its earnings results on Wednesday, February 12th. The technology company reported $2.80 EPS 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, sell-side analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current year.

Generac 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.