LVM Capital Management Ltd. MI Cuts Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

LVM Capital Management Ltd. MI reduced its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 21.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,093 shares of the technology company’s stock after selling 1,420 shares during the quarter. LVM Capital Management Ltd. MI’s holdings in Generac were worth $760,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust grew its position in shares of Generac by 1,066.7% in the first quarter. Parkside Financial Bank & Trust now owns 140 shares of the technology company’s stock valued at $42,000 after purchasing an additional 128 shares during the last quarter. OLD Mission Capital LLC acquired a new stake in shares of Generac in the fourth quarter valued at approximately $26,000. Ameritas Advisory Services LLC acquired a new stake in shares of Generac in the first quarter valued at approximately $28,000. Castleview Partners LLC acquired a new stake in shares of Generac in the first quarter valued at approximately $30,000. Finally, Cambridge Trust Co. grew its position in shares of Generac by 50.0% in the first quarter. Cambridge Trust Co. now owns 300 shares of the technology company’s stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. 87.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $120.23, for a total transaction of $601,150.00. Following the completion of the sale, the chief executive officer now directly owns 602,690 shares of the company’s stock, valued at approximately $72,461,418.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Rajendra Kumar Kanuru sold 250 shares of Generac stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $120.23, for a total value of $30,057.50. Following the completion of the transaction, the executive vice president now directly owns 16,118 shares of the company’s stock, valued at approximately $1,937,867.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $120.23, for a total transaction of $601,150.00. Following the completion of the transaction, the chief executive officer now directly owns 602,690 shares of the company’s stock, valued at $72,461,418.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,500 shares of company stock valued at $1,414,245. Company insiders own 2.80% of the company’s stock.

Generac Trading Down 0.6 %

Shares of GNRC stock traded down $0.72 during mid-day trading on Friday, reaching $111.20. The company’s stock had a trading volume of 217,196 shares, compared to its average volume of 1,343,632. The company’s 50 day simple moving average is $125.89 and its 200-day simple moving average is $119.11. Generac Holdings Inc. has a 12-month low of $86.29 and a 12-month high of $203.71. The company has a quick ratio of 0.89, a current ratio of 2.43 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $6.92 billion, a PE ratio of 46.44, a price-to-earnings-growth ratio of 2.06 and a beta of 1.28.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, August 2nd. The technology company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.08). Generac had a net margin of 4.64% and a return on equity of 14.23%. The business had revenue of $1,000.00 million during the quarter, compared to analysts’ expectations of $979.51 million. During the same period in the prior year, the business posted $2.99 EPS. The business’s revenue was down 22.5% on a year-over-year basis. On average, research analysts predict that Generac Holdings Inc. will post 5.41 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on GNRC shares. Canaccord Genuity Group lowered their price target on shares of Generac from $175.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, August 3rd. Piper Sandler lowered their price target on shares of Generac from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 15th. Argus raised shares of Generac from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a research note on Tuesday, July 11th. Bank of America reduced their price objective on shares of Generac from $95.00 to $90.00 in a research note on Thursday, July 6th. Finally, The Goldman Sachs Group reduced their price objective on shares of Generac from $154.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $143.04.

About Generac

Generac Holdings Inc designs, manufactures, and sells power generation equipment, energy storage systems, energy management devices and solutions, and other power products for the residential, light commercial, and industrial markets worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; residential storage solution consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; Mobile Link, a remote monitoring system for home standby generators; smart home solutions, such as smart thermostats and a suite of home monitoring products; smart water heater controllers; residential clean energy solutions; and portable and inverter generators; outdoor power equipment, including trimmers, field and brush mowers, log splitters, stump grinders, chipper shredders, lawn and leaf vacuums, and pressure washers and water pumps; and battery-powered turf care products.