Mitchell Sinkler & Starr PA Boosts Stake in Generac Holdings Inc. $GNRC

Mitchell Sinkler & Starr PA boosted its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 12.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,408 shares of the technology company’s stock after buying an additional 390 shares during the period. Mitchell Sinkler & Starr PA’s holdings in Generac were worth $488,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. CWM LLC lifted its holdings in shares of Generac by 138.2% during the 2nd quarter. CWM LLC now owns 8,440 shares of the technology company’s stock valued at $1,209,000 after purchasing an additional 4,897 shares during the last quarter. Matrix Asset Advisors Inc. NY lifted its holdings in shares of Generac by 185.5% during the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 66,772 shares of the technology company’s stock valued at $9,562,000 after purchasing an additional 43,382 shares during the last quarter. Apollon Wealth Management LLC purchased a new stake in shares of Generac during the 2nd quarter valued at $201,000. West Bancorporation Inc. purchased a new stake in shares of Generac during the 2nd quarter valued at $209,000. Finally, Stiles Financial Services Inc lifted its holdings in shares of Generac by 10.1% during the 2nd quarter. Stiles Financial Services Inc now owns 17,616 shares of the technology company’s stock valued at $2,523,000 after purchasing an additional 1,615 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insiders Place Their Bets

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

Generac Price Performance

Shares of GNRC opened at $170.23 on Friday. The business’s 50-day moving average is $183.16 and its two-hundred day moving average is $148.80. The company has a market capitalization of $9.99 billion, a P/E ratio of 28.28, a P/E/G ratio of 1.36 and a beta of 1.64. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.88 and a current ratio of 2.00. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $203.25.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.32. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. Generac had a return on equity of 19.14% and a net margin of 7.91%.The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the firm earned $1.35 EPS. Generac has set its FY 2025 guidance at EPS. Research analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on GNRC. Guggenheim decreased their price objective on Generac from $210.00 to $202.00 and set a “buy” rating for the company in a report on Thursday. Roth Capital increased their price objective on Generac from $122.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. JPMorgan Chase & Co. upped their target price on Generac from $165.00 to $180.00 and gave the company a “neutral” rating in a research report on Friday, September 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Generac in a research report on Wednesday. Finally, Wells Fargo & Company upped their target price on Generac from $128.00 to $180.00 and gave the company an “equal weight” rating in a research report on Thursday, July 31st. Twelve analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $184.11.

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.