Conestoga Capital Advisors LLC Sells 40,772 Shares of Generac Holdings Inc. $GNRC

Conestoga Capital Advisors LLC lowered its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 25.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,725 shares of the technology company’s stock after selling 40,772 shares during the period. Conestoga Capital Advisors LLC owned 0.20% of Generac worth $20,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB grew its stake in Generac by 81.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock valued at $25,000 after acquiring an additional 77 shares in the last quarter. MUFG Securities EMEA plc bought a new position in shares of Generac during the 2nd quarter valued at about $25,000. Creative Capital Management Investments LLC boosted its holdings in shares of Generac by 740.7% during the 2nd quarter. Creative Capital Management Investments LLC now owns 227 shares of the technology company’s stock valued at $33,000 after purchasing an additional 200 shares during the last quarter. Legend Financial Advisors Inc. purchased a new position in shares of Generac during the second quarter valued at about $36,000. Finally, Red Tortoise LLC bought a new stake in shares of Generac in the third quarter worth about $42,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $166.43, for a total transaction of $832,150.00. Following the completion of the sale, the chief executive officer directly owned 542,966 shares in the company, valued at approximately $90,365,831.38. This trade represents a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. UBS Group dropped their price target on Generac from $220.00 to $215.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Needham & Company LLC began coverage on Generac in a research report on Wednesday, October 22nd. They set a “buy” rating and a $248.00 target price for the company. Roth Capital set a $184.00 price target on shares of Generac and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Zacks Research upgraded shares of Generac from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Generac in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Generac has a consensus rating of “Moderate Buy” and a consensus target price of $198.44.

Generac Price Performance

GNRC stock opened at $152.87 on Monday. The company has a current ratio of 2.18, a quick ratio of 1.02 and a debt-to-equity ratio of 0.51. The stock has a market cap of $8.97 billion, a PE ratio of 29.12, a P/E/G ratio of 1.25 and a beta of 1.82. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $203.25. The company has a 50-day moving average price of $150.07 and a 200 day moving average price of $166.28.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, October 29th. The technology company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.42). Generac had a net margin of 6.92% and a return on equity of 17.63%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the company posted $2.25 EPS. The company’s quarterly revenue was down 5.0% compared to the same quarter last year. Equities research analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current year.

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.