Monte Financial Group LLC Has $1.31 Million Stock Holdings in Generac Holdings Inc. $GNRC

Monte Financial Group LLC decreased its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 30.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,812 shares of the technology company’s stock after selling 3,415 shares during the period. Monte Financial Group LLC’s holdings in Generac were worth $1,308,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. First Horizon Corp purchased a new position in shares of Generac in the 3rd quarter worth about $28,000. MUFG Securities EMEA plc bought a new stake in Generac during the second quarter valued at approximately $25,000. Creative Capital Management Investments LLC boosted its holdings in shares of Generac by 740.7% in the 2nd quarter. Creative Capital Management Investments LLC now owns 227 shares of the technology company’s stock worth $33,000 after purchasing an additional 200 shares in the last quarter. Quent Capital LLC purchased a new stake in shares of Generac in the 3rd quarter valued at $41,000. Finally, Red Tortoise LLC bought a new position in Generac during the 3rd quarter worth approximately $42,000. Institutional investors own 84.04% of the company’s stock.

Generac Stock Down 1.4%

Generac stock opened at $172.96 on Monday. The company has a market cap of $10.15 billion, a PE ratio of 32.95, a PEG ratio of 1.39 and a beta of 1.82. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $203.25. The business’s 50-day simple moving average is $151.48 and its two-hundred day simple moving average is $167.42. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.02 and a current ratio of 2.18.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, October 29th. The technology company reported $1.83 EPS for the quarter, missing the consensus estimate of $2.25 by ($0.42). The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.20 billion. Generac had a return on equity of 17.63% and a net margin of 6.92%.The firm’s revenue was down 5.0% on a year-over-year basis. During the same period last year, the business earned $2.25 earnings per share. Equities analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Zacks Research lowered shares of Generac from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 21st. Citigroup upgraded shares of Generac from a “neutral” rating to a “buy” rating and set a $207.00 target price for the company in a research note on Thursday, January 8th. Barclays lowered their target price on Generac from $197.00 to $186.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 20th. Guggenheim dropped their target price on shares of Generac from $210.00 to $202.00 and set a “buy” rating for the company in a report on Thursday, October 9th. Finally, Bank of America cut their price objective on Generac from $236.00 to $224.00 and set a “buy” rating for the company in a research report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $195.29.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $166.43, for a total value of $832,150.00. Following the completion of the sale, the chief executive officer owned 542,966 shares of the company’s stock, valued at approximately $90,365,831.38. This represents a 0.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.70% of the stock is currently owned by corporate insiders.

Generac Profile

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.