Monte Financial Group LLC Sells 169 Shares of Generac Holdings Inc. (NYSE:GNRC)

Monte Financial Group LLC lowered its position in Generac Holdings Inc. (NYSE:GNRC) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,989 shares of the technology company’s stock after selling 169 shares during the period. Monte Financial Group LLC’s holdings in Generac were worth $1,394,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its position in shares of Generac by 114.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock valued at $88,944,000 after purchasing an additional 299,205 shares during the period. Jennison Associates LLC purchased a new position in shares of Generac in the 3rd quarter worth approximately $45,722,000. International Assets Investment Management LLC raised its stake in shares of Generac by 25,311.7% in the third quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company’s stock valued at $42,433,000 after acquiring an additional 266,026 shares during the period. Stephens Investment Management Group LLC lifted its stake in Generac by 678.5% in the third quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company’s stock worth $30,560,000 after purchasing an additional 167,641 shares during the last quarter. Finally, Hodges Capital Management Inc. boosted its holdings in Generac by 86.9% during the 3rd quarter. Hodges Capital Management Inc. now owns 166,278 shares of the technology company’s stock valued at $26,418,000 after acquiring an additional 77,296 shares during the period. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Price Performance

Shares of NYSE GNRC opened at $157.40 on Friday. Generac Holdings Inc. has a 1-year low of $108.89 and a 1-year high of $195.94. The firm has a market capitalization of $9.37 billion, a PE ratio of 32.65, a P/E/G ratio of 1.60 and a beta of 1.42. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. The business’s fifty day moving average price is $167.98 and its two-hundred day moving average price is $161.30.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the firm posted $1.64 EPS. Generac’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, research analysts expect that Generac Holdings Inc. will post 6.91 EPS for the current year.

Insider Activity at Generac

In other Generac news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total transaction of $585,069.46. Following the completion of the transaction, the executive vice president now directly owns 10,738 shares of the company’s stock, valued at approximately $1,971,282.04. This trade represents a 22.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total value of $787,500.00. Following the completion of the sale, the chief executive officer now directly owns 570,825 shares in the company, valued at $89,904,937.50. This represents a 0.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,268 shares of company stock worth $7,577,703 in the last three months. 2.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

GNRC has been the subject of a number of research reports. Stifel Nicolaus boosted their price target on Generac from $185.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. The Goldman Sachs Group lifted their price objective on shares of Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. StockNews.com raised Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Citigroup dropped their target price on shares of Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Finally, Barclays started coverage on shares of Generac in a report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price target for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $174.30.

Generac Company Profile

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.