Mendel Money Management Trims Stock Holdings in Generac Holdings Inc. $GNRC

Mendel Money Management trimmed its holdings in Generac Holdings Inc. (NYSE:GNRC) by 10.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,645 shares of the technology company’s stock after selling 300 shares during the period. Mendel Money Management’s holdings in Generac were worth $379,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of GNRC. Asset Management One Co. Ltd. grew its stake in Generac by 20.8% in the 1st quarter. Asset Management One Co. Ltd. now owns 1,713 shares of the technology company’s stock valued at $217,000 after buying an additional 295 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in Generac in the 1st quarter valued at approximately $245,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Generac by 19.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,311 shares of the technology company’s stock valued at $929,000 after buying an additional 1,195 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Generac by 1.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 185,853 shares of the technology company’s stock valued at $23,479,000 after buying an additional 2,599 shares in the last quarter. Finally, Unified Investment Management grew its stake in Generac by 8.3% in the 1st quarter. Unified Investment Management now owns 7,081 shares of the technology company’s stock valued at $897,000 after buying an additional 544 shares in the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Generac Stock Performance

NYSE GNRC opened at $190.40 on Wednesday. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $203.25. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.88 and a current ratio of 2.00. The company has a market capitalization of $11.17 billion, a P/E ratio of 31.63, a P/E/G ratio of 1.61 and a beta of 1.64. The company has a fifty day moving average of $181.09 and a 200-day moving average of $155.07.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.32. Generac had a net margin of 7.91% and a return on equity of 19.14%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the firm posted $1.35 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. As a group, equities research analysts predict that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GNRC. Guggenheim reduced their price target on shares of Generac from $210.00 to $202.00 and set a “buy” rating for the company in a research report on Thursday, October 9th. Canaccord Genuity Group reduced their price target on shares of Generac from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Thursday, September 25th. Citigroup reduced their price target on shares of Generac from $219.00 to $217.00 and set a “neutral” rating for the company in a research report on Tuesday, October 21st. UBS Group restated a “buy” rating and set a $220.00 price target (up from $200.00) on shares of Generac in a research report on Thursday, July 31st. Finally, Stifel Nicolaus boosted their price target on shares of Generac from $195.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Thirteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $188.94.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $167.42, for a total transaction of $837,100.00. Following the completion of the sale, the chief executive officer directly owned 547,966 shares of the company’s stock, valued at approximately $91,740,467.72. The trade was a 0.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.70% of the company’s stock.

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.