Monte Financial Group LLC Sells 101 Shares of Generac Holdings Inc. (NYSE:GNRC)

Monte Financial Group LLC trimmed its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,158 shares of the technology company’s stock after selling 101 shares during the quarter. Monte Financial Group LLC’s holdings in Generac were worth $1,455,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital World Investors lifted its holdings in Generac by 2.1% during the 1st quarter. Capital World Investors now owns 1,230,434 shares of the technology company’s stock worth $155,207,000 after purchasing an additional 25,646 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Generac during the second quarter worth $98,282,000. Dimensional Fund Advisors LP lifted its holdings in shares of Generac by 5.2% during the second quarter. Dimensional Fund Advisors LP now owns 702,811 shares of the technology company’s stock worth $92,941,000 after buying an additional 35,026 shares in the last quarter. Ninety One UK Ltd grew its stake in shares of Generac by 0.7% in the second quarter. Ninety One UK Ltd now owns 519,741 shares of the technology company’s stock valued at $68,720,000 after acquiring an additional 3,849 shares in the last quarter. Finally, Blair William & Co. IL grew its stake in shares of Generac by 29.2% in the second quarter. Blair William & Co. IL now owns 457,475 shares of the technology company’s stock valued at $60,487,000 after acquiring an additional 103,439 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total transaction of $794,650.00. Following the transaction, the chief executive officer now directly owns 562,177 shares of the company’s stock, valued at approximately $89,346,790.61. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Generac from $139.00 to $156.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Piper Sandler increased their price target on Generac from $175.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Northland Securities lifted their price objective on Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. StockNews.com lowered Generac from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Finally, Roth Mkm boosted their price target on Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $165.40.

Generac Stock Performance

Shares of GNRC stock opened at $166.15 on Thursday. The firm has a market capitalization of $10.07 billion, a price-to-earnings ratio of 45.77, a PEG ratio of 2.22 and a beta of 1.38. The company has a current ratio of 2.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.61. The business’s 50-day moving average price is $155.27 and its 200-day moving average price is $146.74. Generac Holdings Inc. has a 12 month low of $79.86 and a 12 month high of $176.14.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, July 31st. The technology company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.20 by $0.15. Generac had a net margin of 6.03% and a return on equity of 15.35%. The business had revenue of $998.20 million for the quarter, compared to the consensus estimate of $1 billion. During the same period last year, the company earned $1.08 EPS. The firm’s revenue was down .2% compared to the same quarter last year. Equities research analysts forecast that Generac Holdings Inc. will post 6.47 EPS 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.