Generac (NYSE:GNRC) Insider Norman Taffe Sells 150 Shares of Company Stock

Generac Holdings Inc. (NYSE:GNRC) insider Norman Taffe sold 150 shares of the company’s stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $220.00, for a total transaction of $33,000.00. Following the sale, the insider directly owned 10,976 shares of the company’s stock, valued at approximately $2,414,720. This trade represents a 1.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Generac Stock Down 0.8%

NYSE GNRC traded down $1.86 during trading hours on Wednesday, hitting $221.76. The company had a trading volume of 876,970 shares, compared to its average volume of 1,087,536. The firm’s 50 day moving average is $201.57 and its 200 day moving average is $226.42. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.04 and a quick ratio of 1.00. Generac Holdings Inc. has a fifty-two week low of $134.80 and a fifty-two week high of $296.44. The company has a market capitalization of $13.09 billion, a price-to-earnings ratio of 51.10, a P/E/G ratio of 1.83 and a beta of 1.91.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.90. Generac had a return on equity of 17.83% and a net margin of 5.82%.The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the business earned $1.65 earnings per share. The company’s revenue was up 10.3% compared to the same quarter last year. Sell-side analysts anticipate that Generac Holdings Inc. will post 9.82 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Zacks Research downgraded shares of Generac from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. Stephens reissued an “overweight” rating and set a $335.00 target price on shares of Generac in a research report on Thursday, September 17th. Citigroup lowered their price target on shares of Generac from $300.00 to $232.00 and set a “neutral” rating for the company in a report on Wednesday, September 30th. Canaccord Genuity Group lifted their price target on shares of Generac from $275.00 to $375.00 and gave the stock a “buy” rating in a research note on Thursday, September 17th. Finally, UBS Group reiterated a “buy” rating on shares of Generac in a report on Friday, September 25th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Generac has a consensus rating of “Moderate Buy” and an average price target of $290.45.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Moody National Bank Trust Division grew its position in shares of Generac by 9.8% during the 3rd quarter. Moody National Bank Trust Division now owns 8,497 shares of the technology company’s stock valued at $1,758,000 after buying an additional 755 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in Generac by 18.8% in the second quarter. QRG Capital Management Inc. now owns 4,836 shares of the technology company’s stock worth $1,416,000 after acquiring an additional 764 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Generac by 5.6% in the second quarter. Sequoia Financial Advisors LLC now owns 6,417 shares of the technology company’s stock worth $1,879,000 after acquiring an additional 341 shares during the last quarter. Tidal Investments LLC boosted its stake in Generac by 94.3% in the second quarter. Tidal Investments LLC now owns 55,302 shares of the technology company’s stock valued at $16,193,000 after acquiring an additional 26,836 shares during the period. Finally, WINTON GROUP Ltd bought a new position in shares of Generac during the second quarter valued at approximately $1,260,000. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Company Profile

Generac Holdings Inc is an energy technology company that designs and manufactures power generation equipment, energy storage systems and other products intended to provide backup and distributed energy solutions. Its offerings serve residential, commercial, industrial and other users seeking standby power, portable power or greater control over energy use.

The company’s product portfolio includes home standby generators, portable generators, commercial and industrial generators, mobile power equipment, engines and related transfer switches and controls.