GoalVest Advisory LLC Sells 15,226 Shares of Generac Holdings Inc. $GNRC

GoalVest Advisory LLC cut its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 99.1% in 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 period. GoalVest Advisory LLC’s holdings in Generac were worth $40,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. increased its stake in shares of Generac by 49.9% in the 4th quarter. Invesco Ltd. now owns 2,423,971 shares of the technology company’s stock valued at $330,557,000 after acquiring an additional 806,430 shares during the last quarter. State Street Corp boosted its stake in Generac by 2.1% during the 2nd quarter. State Street Corp now owns 2,189,927 shares of the technology company’s stock worth $313,619,000 after acquiring an additional 45,592 shares during the last quarter. Boston Partners boosted its stake in Generac by 7.1% during the 3rd quarter. Boston Partners now owns 1,947,332 shares of the technology company’s stock worth $326,003,000 after acquiring an additional 128,439 shares during the last quarter. Geode Capital Management LLC grew its holdings in Generac by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 1,490,876 shares of the technology company’s stock valued at $202,943,000 after purchasing an additional 6,332 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Generac by 20.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,104,362 shares of the technology company’s stock valued at $184,870,000 after purchasing an additional 189,457 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Price Performance

Shares of NYSE GNRC opened at $212.63 on Monday. The firm has a market cap of $12.55 billion, a PE ratio of 48.99, a PEG ratio of 1.82 and a beta of 1.92. The company has a current ratio of 2.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.43. Generac Holdings Inc. has a 1-year low of $134.80 and a 1-year high of $296.44. The company has a fifty day moving average price of $244.18 and a 200 day moving average price of $226.68.

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

Analysts Set New Price Targets

GNRC has been the topic of a number of recent analyst reports. UBS Group lifted their price target on shares of Generac from $335.00 to $340.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Needham & Company LLC upped their price objective on shares of Generac from $282.00 to $283.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Argus raised their price objective on Generac from $255.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. lifted their target price on Generac from $229.00 to $267.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Barclays decreased their target price on Generac from $285.00 to $278.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $284.84.

Insider Transactions at Generac

In related news, insider Norman P. Taffe sold 550 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $218.83, for a total transaction of $120,356.50. Following the completion of the transaction, the insider directly owned 15,508 shares in the company, valued at approximately $3,393,615.64. This trade represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Monday, August 3rd. The shares were 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 approximately $108,071,961.92. This represents a 0.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 11,650 shares of company stock valued at $2,746,250. 2.40% of the stock is owned by corporate insiders.

About Generac

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.