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

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

Several other institutional investors and hedge funds have also made changes to their positions in GNRC. Bartlett & Co. LLC purchased a new stake in shares of Generac in the third quarter valued at about $26,000. Headlands Technologies LLC purchased a new stake in shares of Generac in the 3rd quarter valued at approximately $28,000. BKM Wealth Management LLC purchased a new stake in shares of Generac during the 4th quarter valued at approximately $28,000. Castleview Partners LLC acquired a new position in Generac in the first quarter valued at approximately $30,000. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new stake in Generac during the first quarter worth $35,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.80% of the company’s stock.

Generac Price Performance

Shares of NYSE:GNRC opened at $126.14 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.27 and a quick ratio of 0.94. Generac Holdings Inc. has a 12 month low of $79.86 and a 12 month high of $156.95. The firm has a market capitalization of $7.60 billion, a P/E ratio of 38.34, a P/E/G ratio of 1.97 and a beta of 1.44. The company’s fifty day moving average price is $116.61 and its 200 day moving average price is $113.38.

Generac (NYSE:GNRC) last posted 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 firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the firm posted $1.78 earnings per share. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, sell-side analysts predict that Generac Holdings Inc. will post 6.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GNRC. TD Cowen decreased their price objective on shares of Generac from $165.00 to $144.00 and set an “outperform” rating on the stock in a report on Thursday, February 15th. Guggenheim cut Generac from a “buy” rating to a “neutral” rating in a research note on Thursday, February 15th. Stifel Nicolaus reissued a “buy” rating and set a $135.00 target price on shares of Generac in a research note on Monday, December 4th. Robert W. Baird lifted their target price on Generac from $112.00 to $129.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Finally, Roth Mkm increased their price target on shares of Generac from $105.00 to $118.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Generac currently has a consensus rating of “Moderate Buy” and an average price target of $139.79.

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.