Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Alterity Financial Group LLC

Alterity Financial Group LLC trimmed its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,283 shares of the technology company’s stock after selling 103 shares during the period. Alterity Financial Group LLC’s holdings in Generac were worth $295,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Norges Bank bought a new stake in shares of Generac in the 4th quarter worth approximately $59,121,000. Candlestick Capital Management LP bought a new stake in Generac in the second quarter valued at $79,109,000. Macquarie Group Ltd. boosted its holdings in shares of Generac by 61.8% during the first quarter. Macquarie Group Ltd. now owns 1,244,286 shares of the technology company’s stock valued at $134,395,000 after acquiring an additional 475,104 shares during the period. AQR Capital Management LLC acquired a new stake in shares of Generac in the 4th quarter worth about $30,537,000. Finally, Mackenzie Financial Corp lifted its position in Generac by 13,944.2% in the 3rd quarter. Mackenzie Financial Corp now owns 297,456 shares of the technology company’s stock valued at $30,683,000 after purchasing an additional 295,338 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GNRC has been the topic of several analyst reports. Citigroup raised their price target on shares of Generac from $124.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Stifel Nicolaus reaffirmed a “buy” rating and set a $135.00 target price on shares of Generac in a research note on Monday, December 4th. Roth Mkm raised their price target on Generac from $105.00 to $118.00 and gave the company a “neutral” rating in a report on Tuesday, February 6th. Robert W. Baird upped their price objective on shares of Generac from $112.00 to $129.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Finally, TD Cowen lowered their target price on shares of Generac from $165.00 to $144.00 and set an “outperform” rating on the stock in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Generac presently has an average rating of “Moderate Buy” and a consensus price target of $139.79.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $115.22, for a total value of $576,100.00. Following the completion of the sale, the chief executive officer now directly owns 577,690 shares of the company’s stock, valued at $66,561,441.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.80% of the company’s stock.

Generac Price Performance

GNRC stock opened at $126.14 on Friday. The firm has a 50-day moving average of $116.61 and a two-hundred day moving average of $113.38. The firm has a market capitalization of $7.60 billion, a PE ratio of 38.34, a P/E/G ratio of 1.97 and a beta of 1.44. The company has a current ratio of 2.27, a quick ratio of 0.94 and a debt-to-equity ratio of 0.62. Generac Holdings Inc. has a one year low of $79.86 and a one year high of $156.95.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, February 14th. The technology company reported $2.07 earnings per share for the quarter, missing the consensus estimate of $2.09 by ($0.02). Generac had a net margin of 5.33% and a return on equity of 14.15%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the firm earned $1.78 EPS. The company’s revenue was up 1.4% compared to the same quarter last year. On average, analysts forecast that Generac Holdings Inc. will post 6.32 earnings per share for the current year.

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.