GoalVest Advisory LLC Decreases Stock Holdings in Generac Holdings Inc. $GNRC

GoalVest Advisory LLC trimmed its position in Generac Holdings Inc. (NYSE:GNRC) by 0.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,716 shares of the technology company’s stock after selling 150 shares during the quarter. Generac accounts for approximately 0.6% of GoalVest Advisory LLC’s holdings, making the stock its 25th biggest holding. GoalVest Advisory LLC’s holdings in Generac were worth $2,394,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its stake in shares of Generac by 3.1% in the second quarter. Envestnet Asset Management Inc. now owns 582,279 shares of the technology company’s stock worth $83,388,000 after buying an additional 17,423 shares during the period. Resonant Capital Advisors LLC boosted its holdings in Generac by 11.8% in the second quarter. Resonant Capital Advisors LLC now owns 2,836 shares of the technology company’s stock valued at $406,000 after acquiring an additional 299 shares in the last quarter. Darden Wealth Group Inc bought a new stake in Generac in the second quarter valued at $262,000. Brighton Jones LLC bought a new stake in Generac in the second quarter valued at $219,000. Finally, Leavell Investment Management Inc. boosted its holdings in Generac by 43.0% in the second quarter. Leavell Investment Management Inc. now owns 2,800 shares of the technology company’s stock valued at $401,000 after acquiring an additional 842 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Generac Stock Performance

Shares of GNRC stock opened at $192.02 on Monday. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $203.25. The stock has a market cap of $11.27 billion, a PE ratio of 31.90, a price-to-earnings-growth ratio of 1.62 and a beta of 1.64. The company has a current ratio of 2.00, a quick ratio of 0.88 and a debt-to-equity ratio of 0.50. The company’s fifty day moving average price is $181.41 and its 200-day moving average price is $153.96.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, July 30th. The technology company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.32. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Generac had a net margin of 7.91% and a return on equity of 19.14%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.35 EPS. Generac has set its FY 2025 guidance at EPS. On average, equities analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on GNRC shares. Citigroup cut their price target on shares of Generac from $219.00 to $217.00 and set a “neutral” rating on the stock in a report on Tuesday, October 21st. Zacks Research cut shares of Generac from a “hold” rating to a “strong sell” rating in a report on Friday, October 17th. Barclays cut their price target on shares of Generac from $200.00 to $188.00 and set an “equal weight” rating on the stock in a report on Monday, October 6th. Canaccord Genuity Group cut their price target on shares of Generac from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Thursday, September 25th. Finally, UBS Group restated a “buy” rating and set a $220.00 target price (up previously from $200.00) on shares of Generac in a report on Thursday, July 31st. Thirteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Generac currently has a consensus rating of “Moderate Buy” and a consensus price target of $188.94.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $167.42, for a total value of $837,100.00. Following the completion of the transaction, the chief executive officer owned 547,966 shares of the company’s stock, valued at $91,740,467.72. The trade was a 0.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.70% of the stock is currently owned by corporate insiders.

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.