Generac (NYSE:GNRC) Insider Norman Taffe Sells 550 Shares

Generac Holdings Inc. (NYSE:GNRC) insider Norman Taffe sold 550 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $272.26, for a total transaction of $149,743.00. Following the completion of the sale, the insider owned 16,108 shares in the company, valued at approximately $4,385,564.08. The trade was a 3.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Generac Trading Up 1.5%

Shares of Generac stock opened at $265.47 on Tuesday. The company’s fifty day simple moving average is $238.81 and its 200-day simple moving average is $198.82. The company has a market cap of $15.63 billion, a price-to-earnings ratio of 83.22, a PEG ratio of 2.45 and a beta of 1.93. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47. Generac Holdings Inc. has a 1 year low of $123.66 and a 1 year high of $294.18.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.47. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. Generac had a net margin of 4.37% and a return on equity of 15.45%. Generac’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the company posted $1.26 earnings per share. As a group, sell-side analysts expect that Generac Holdings Inc. will post 8.91 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on GNRC shares. Stephens reiterated an “overweight” rating and set a $290.00 price target on shares of Generac in a research note on Thursday, May 21st. Roth Mkm restated a “neutral” rating and issued a $257.00 target price on shares of Generac in a research note on Thursday, April 30th. Guggenheim reiterated a “neutral” rating and set a $202.00 price target on shares of Generac in a research report on Tuesday, February 10th. Zacks Research downgraded shares of Generac from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 4th. Finally, Bank of America reduced their price target on shares of Generac from $260.00 to $248.00 and set a “buy” rating on the stock in a research report on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $276.88.

Institutional Trading of Generac

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. MUFG Securities EMEA plc bought a new stake in shares of Generac in the 2nd quarter valued at about $25,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Generac in the 3rd quarter valued at about $26,000. Sentry Investment Management LLC increased its stake in shares of Generac by 69.8% in the 3rd quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock valued at $28,000 after acquiring an additional 67 shares during the last quarter. Avalon Trust Co bought a new stake in shares of Generac in the 1st quarter valued at about $32,000. Finally, Essential Partners LLC increased its stake in shares of Generac by 57.0% in the 1st quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock valued at $33,000 after acquiring an additional 61 shares during the last quarter. 84.04% of the stock is owned by institutional investors.

Generac Company Profile

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.