Conestoga Capital Advisors LLC Acquires 2,500 Shares of Generac Holdings Inc. (NYSE:GNRC)

Conestoga Capital Advisors LLC increased its holdings in Generac Holdings Inc. (NYSE:GNRC) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 158,072 shares of the technology company’s stock after buying an additional 2,500 shares during the period. Conestoga Capital Advisors LLC’s holdings in Generac were worth $24,509,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Jennison Associates LLC raised its stake in shares of Generac by 133.6% during the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock valued at $104,227,000 after purchasing an additional 384,434 shares during the period. Willis Investment Counsel increased its position in shares of Generac by 2.8% during the fourth quarter. Willis Investment Counsel now owns 107,960 shares of the technology company’s stock valued at $16,739,000 after buying an additional 2,953 shares during the period. Spire Wealth Management lifted its holdings in shares of Generac by 203.6% in the fourth quarter. Spire Wealth Management now owns 252 shares of the technology company’s stock worth $39,000 after buying an additional 169 shares in the last quarter. Independence Bank of Kentucky boosted its position in shares of Generac by 10.2% in the fourth quarter. Independence Bank of Kentucky now owns 6,895 shares of the technology company’s stock valued at $1,069,000 after acquiring an additional 640 shares during the period. Finally, Heck Capital Advisors LLC purchased a new position in Generac during the fourth quarter valued at approximately $272,000. Institutional investors own 84.04% of the company’s stock.

Insider Activity at Generac

In related news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total transaction of $585,069.46. Following the sale, the executive vice president now directly owns 10,738 shares of the company’s stock, valued at $1,971,282.04. This trade represents a 22.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO York A. Ragen sold 29,081 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $184.73, for a total value of $5,372,133.13. Following the completion of the transaction, the chief financial officer now owns 135,613 shares in the company, valued at approximately $25,051,789.49. This trade represents a 17.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,268 shares of company stock valued at $6,744,703 in the last 90 days. Corporate insiders own 2.90% of the company’s stock.

Generac Stock Down 2.4 %

Shares of Generac stock opened at $145.77 on Monday. Generac Holdings Inc. has a 1 year low of $108.89 and a 1 year high of $195.94. The firm has a market cap of $8.67 billion, a price-to-earnings ratio of 30.17, a PEG ratio of 1.51 and a beta of 1.42. The company has a 50-day moving average of $164.75 and a 200 day moving average of $161.42. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96.

Generac (NYSE:GNRC) last released 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. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. The business’s revenue was up 9.6% on a year-over-year basis. During the same period last year, the business earned $1.64 earnings per share. As a group, sell-side analysts anticipate that Generac Holdings Inc. will post 6.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on GNRC. Citigroup cut their price target on shares of Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. TD Cowen raised their price target on Generac from $172.00 to $183.00 and gave the company a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus boosted their price objective on Generac from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Truist Financial dropped their target price on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Finally, StockNews.com upgraded shares of Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.30.

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.