GoalVest Advisory LLC Purchases New Stake in Generac Holdings Inc. (NYSE:GNRC)

GoalVest Advisory LLC purchased a new stake in Generac Holdings Inc. (NYSE:GNRC) in the 1st quarter, HoldingsChannel.com reports. The fund purchased 16,506 shares of the technology company’s stock, valued at approximately $2,082,000. Generac accounts for about 0.7% of GoalVest Advisory LLC’s investment portfolio, making the stock its 20th largest holding.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. ICA Group Wealth Management LLC purchased a new position in Generac in the fourth quarter worth approximately $27,000. BKM Wealth Management LLC purchased a new position in Generac in the fourth quarter worth approximately $28,000. ORG Partners LLC purchased a new position in Generac in the fourth quarter worth approximately $38,000. Quarry LP grew its position in Generac by 219.6% in the fourth quarter. Quarry LP now owns 294 shares of the technology company’s stock worth $38,000 after acquiring an additional 202 shares during the period. Finally, Operose Advisors LLC purchased a new position in Generac in the third quarter worth approximately $40,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insider Buying and Selling at Generac

In other Generac news, insider Patrick John Forsythe sold 65,855 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $145.80, for a total value of $9,601,659.00. Following the sale, the insider now directly owns 19,815 shares in the company, valued at $2,889,027. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Patrick John Forsythe sold 65,855 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $145.80, for a total transaction of $9,601,659.00. Following the transaction, the insider now owns 19,815 shares of the company’s stock, valued at $2,889,027. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Erik Wilde sold 4,384 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $154.04, for a total value of $675,311.36. Following the transaction, the executive vice president now directly owns 17,897 shares in the company, valued at approximately $2,756,853.88. The disclosure for this sale can be found here. Insiders have sold a total of 80,785 shares of company stock worth $11,688,161 over the last ninety days. Corporate insiders own 2.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GNRC. Truist Financial increased their price objective on Generac from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Canaccord Genuity Group increased their price objective on Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Janney Montgomery Scott lowered Generac from a “buy” rating to a “neutral” rating and raised their price target for the stock from $126.00 to $154.00 in a research report on Thursday, June 13th. Guggenheim lowered Generac from a “neutral” rating to a “sell” rating and set a $120.00 price target for the company. in a research report on Thursday, May 30th. Finally, StockNews.com upgraded Generac from a “hold” rating to a “buy” rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $141.67.

Generac Stock Down 1.6 %

NYSE:GNRC traded down $2.24 during midday trading on Tuesday, reaching $136.17. The company had a trading volume of 782,127 shares, compared to its average volume of 1,013,097. The firm has a market capitalization of $8.25 billion, a price-to-earnings ratio of 37.51, a PEG ratio of 1.86 and a beta of 1.45. The stock’s fifty day simple moving average is $140.07 and its 200-day simple moving average is $127.92. Generac Holdings Inc. has a 12-month low of $79.86 and a 12-month high of $156.95. The company has a current ratio of 2.29, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.16. Generac had a return on equity of 14.68% and a net margin of 5.68%. The company had revenue of $889.27 million for the quarter, compared to analysts’ expectations of $886.60 million. During the same period last year, the firm earned $0.63 earnings per share. Generac’s quarterly revenue was up .2% on a year-over-year basis. On average, sell-side analysts anticipate that Generac Holdings Inc. will post 6.14 earnings per share for the current fiscal year.

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.