GoalVest Advisory LLC Sells 153 Shares of Generac Holdings Inc. (NYSE:GNRC)

GoalVest Advisory LLC lessened its position in Generac Holdings Inc. (NYSE:GNRC) by 0.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,626 shares of the technology company’s stock after selling 153 shares during the quarter. Generac accounts for 0.8% of GoalVest Advisory LLC’s portfolio, making the stock its 20th largest position. GoalVest Advisory LLC’s holdings in Generac were worth $2,642,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Empirical Finance LLC raised its holdings in shares of Generac by 4.1% in the 3rd quarter. Empirical Finance LLC now owns 1,689 shares of the technology company’s stock valued at $268,000 after purchasing an additional 66 shares in the last quarter. Duncker Streett & Co. Inc. grew its position in shares of Generac by 2.4% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 2,932 shares of the technology company’s stock worth $388,000 after buying an additional 68 shares during the last quarter. Johnson Investment Counsel Inc. grew its position in shares of Generac by 0.3% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 22,549 shares of the technology company’s stock worth $2,981,000 after buying an additional 75 shares during the last quarter. Nicollet Investment Management Inc. grew its position in Generac by 1.1% during the 3rd quarter. Nicollet Investment Management Inc. now owns 7,866 shares of the technology company’s stock worth $1,250,000 after purchasing an additional 82 shares during the last quarter. Finally, EntryPoint Capital LLC grew its position in Generac by 73.2% during the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after purchasing an additional 90 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

Insiders Place Their Bets

In other Generac news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were 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 in the company, valued at approximately $1,971,282.04. This represents a 22.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO York A. Ragen sold 29,081 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the transaction, the chief financial officer now owns 135,613 shares of the company’s stock, valued at $25,051,789.49. This represents a 17.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,268 shares of company stock worth $7,584,853. Company insiders own 2.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GNRC. Northland Securities boosted their target price on shares of Generac from $160.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. StockNews.com raised shares of Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Truist Financial boosted their target price on shares of Generac from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Wells Fargo & Company boosted their target price on shares of Generac from $139.00 to $156.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Finally, Scotiabank boosted their target price on shares of Generac from $147.00 to $160.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $172.21.

Generac Stock Performance

GNRC opened at $181.82 on Friday. 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 firm has a fifty day moving average price of $164.01 and a 200 day moving average price of $151.79. Generac Holdings Inc. has a 1 year low of $108.89 and a 1 year high of $195.94. The stock has a market cap of $10.82 billion, a P/E ratio of 37.72, a P/E/G ratio of 2.23 and a beta of 1.37.

Generac (NYSE:GNRC) last posted its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the business posted $1.64 EPS. The business’s revenue was up 9.6% compared to the same quarter last year. Equities research analysts anticipate that Generac Holdings Inc. will post 6.8 earnings per share for the current year.

Generac 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.