Conestoga Capital Advisors LLC Sells 5,100 Shares of Generac Holdings Inc. $GNRC

Key Points

• Conestoga Capital Advisors LLC reduced its stake in Generac Holdings Inc. by 3.1%, selling 5,100 shares to hold a total of 160,497 shares, valued at approximately $22.99 million.
• Several institutional investors have increased their positions in Generac, with Creative Capital Management boosting their stake by 740.7% in the second quarter.
• Analysts have mixed forecasts for Generac, with price targets ranging from $140.00 to $198.00, as the stock holds a consensus rating of "Moderate Buy."

Conestoga Capital Advisors LLC decreased its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 3.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,497 shares of the technology company's stock after selling 5,100 shares during the quarter. Conestoga Capital Advisors LLC owned 0.27% of Generac worth $22,985,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of GNRC. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Generac by 81.1% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company's stock worth $25,000 after buying an additional 77 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Generac in the first quarter worth $28,000. Creative Capital Management Investments LLC increased its stake in Generac by 740.7% in the second quarter. Creative Capital Management Investments LLC now owns 227 shares of the technology company's stock valued at $33,000 after acquiring an additional 200 shares during the last quarter. Legend Financial Advisors Inc. bought a new stake in Generac during the second quarter worth about $36,000. Finally, Private Trust Co. NA boosted its holdings in shares of Generac by 42.9% in the 1st quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock worth $38,000 after purchasing an additional 90 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Roth Capital boosted their target price on Generac from $122.00 to $140.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Barclays decreased their price target on shares of Generac from $200.00 to $188.00 and set an "equal weight" rating on the stock in a research note on Monday, October 6th. Wells Fargo & Company upped their price objective on shares of Generac from $128.00 to $180.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. TD Cowen lifted their target price on shares of Generac from $155.00 to $198.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. upped their price target on shares of Generac from $180.00 to $196.00 and gave the company a "neutral" rating in a research report on Thursday. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Generac has a consensus rating of "Moderate Buy" and an average price target of $185.00.

Generac Trading Down 1.0%

Shares of GNRC opened at $190.67 on Monday. The stock has a market capitalization of $11.19 billion, a P/E ratio of 31.67, a PEG ratio of 1.52 and a beta of 1.64. Generac Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $203.25. The company has a quick ratio of 0.88, a current ratio of 2.00 and a debt-to-equity ratio of 0.50. The firm has a fifty day simple moving average of $182.26 and a two-hundred day simple moving average of $151.08.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.65 earnings per share (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 revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.35 earnings per share. Generac has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current year.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction on 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 sale, the chief executive officer owned 547,966 shares of the company's stock, valued at $91,740,467.72. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.70% of the stock is currently owned by corporate insiders.

Generac Company 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.

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