GoalVest Advisory LLC Has $40,000 Position in Generac Holdings Inc. $GNRC

GoalVest Advisory LLC lowered its holdings in Generac Holdings Inc. (NYSE:GNRC) by 99.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 135 shares of the technology company’s stock after selling 15,226 shares during the quarter. GoalVest Advisory LLC’s holdings in Generac were worth $40,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its stake in shares of Generac by 6.2% in the 1st quarter. NewEdge Advisors LLC now owns 2,439 shares of the technology company’s stock valued at $309,000 after purchasing an additional 142 shares during the period. Woodline Partners LP lifted its position in shares of Generac by 40.9% during the 1st quarter. Woodline Partners LP now owns 5,036 shares of the technology company’s stock worth $638,000 after buying an additional 1,463 shares during the period. First Trust Advisors LP lifted its position in shares of Generac by 27.6% during the 2nd quarter. First Trust Advisors LP now owns 101,298 shares of the technology company’s stock worth $14,507,000 after buying an additional 21,908 shares during the period. Cerity Partners LLC boosted its stake in Generac by 1.6% in the 2nd quarter. Cerity Partners LLC now owns 50,550 shares of the technology company’s stock valued at $7,239,000 after buying an additional 816 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in Generac by 8.6% in the 2nd quarter. California Public Employees Retirement System now owns 104,246 shares of the technology company’s stock valued at $14,929,000 after buying an additional 8,213 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $194.89, for a total value of $974,450.00. Following the completion of the sale, the chief executive officer directly owned 554,528 shares in the company, valued at $108,071,961.92. This trade represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $218.83, for a total value of $120,356.50. Following the sale, the insider directly owned 15,508 shares of the company’s stock, valued at $3,393,615.64. This represents a 3.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 11,650 shares of company stock valued at $2,746,250. 2.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GNRC. Robert W. Baird set a $305.00 target price on shares of Generac in a report on Thursday, July 30th. Raymond James Financial set a $302.00 price target on shares of Generac in a report on Friday, May 22nd. Cantor Fitzgerald boosted their price target on shares of Generac from $325.00 to $333.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Zacks Research raised shares of Generac from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Finally, Wells Fargo & Company raised their price objective on shares of Generac from $238.00 to $280.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $284.84.

Generac Price Performance

GNRC opened at $212.63 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.04 and a quick ratio of 1.00. The stock has a market capitalization of $12.55 billion, a P/E ratio of 48.99, a price-to-earnings-growth ratio of 1.82 and a beta of 1.92. The company’s 50 day simple moving average is $244.18 and its 200-day simple moving average is $226.68. Generac Holdings Inc. has a one year low of $134.80 and a one year high of $296.44.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.90. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Generac had a net margin of 5.82% and a return on equity of 17.83%. Generac’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.65 EPS. Sell-side analysts anticipate that Generac Holdings Inc. will post 9.72 earnings per share for the current fiscal year.

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.