Generac (NYSE:GNRC) Insider Sells $54,603.00 in Stock

Generac Holdings Inc. (NYSE:GNRC) insider Norman Taffe sold 300 shares of the company’s stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $182.01, for a total transaction of $54,603.00. Following the sale, the insider directly owned 10,676 shares of the company’s stock, valued at approximately $1,943,138.76. This represents a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Generac Stock Performance

NYSE:GNRC traded up $3.80 during midday trading on Friday, reaching $176.13. The stock had a trading volume of 1,269,848 shares, compared to its average volume of 1,107,329. Generac Holdings Inc. has a 1-year low of $134.80 and a 1-year high of $296.44. The firm’s fifty day simple moving average is $198.24 and its 200-day simple moving average is $218.15. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.97 and a quick ratio of 1.06. The stock has a market capitalization of $10.39 billion, a P/E ratio of 34.88, a PEG ratio of 1.60 and a beta of 1.86.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, October 28th. The technology company reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.14. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.32 billion. Generac had a net margin of 6.52% and a return on equity of 18.78%. The business’s revenue was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.83 EPS. On average, equities research analysts forecast that Generac Holdings Inc. will post 9.84 EPS for the current fiscal year.

Institutional Trading of Generac

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Generac during the second quarter worth $1,170,960,000. Bank of America Corp DE acquired a new position in shares of Generac in the 2nd quarter valued at $175,942,000. Park Presidio Capital LLC acquired a new position in shares of Generac in the 2nd quarter valued at $158,140,000. Bank of New York Mellon Corp bought a new position in shares of Generac during the 2nd quarter worth about $90,872,000. Finally, Amundi lifted its holdings in shares of Generac by 174.9% during the 1st quarter. Amundi now owns 433,016 shares of the technology company’s stock worth $84,581,000 after acquiring an additional 275,506 shares during the period. 84.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GNRC. Canaccord Genuity Group boosted their price objective on Generac from $275.00 to $375.00 and gave the stock a “buy” rating in a research report on Thursday, September 17th. Zacks Research lowered Generac from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. JPMorgan Chase & Co. lifted their price target on Generac from $261.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, September 18th. KeyCorp reiterated an “overweight” rating on shares of Generac in a report on Monday, October 26th. Finally, Roth Capital increased their price objective on Generac from $214.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $290.41.

Generac Company Profile

Generac Holdings Inc is a technology and energy solutions company that designs and manufactures power generation equipment and other energy-related products. Its offerings include standby and portable generators, commercial and industrial power systems, energy storage solutions, and products that help customers manage and monitor energy use.

The company serves residential, commercial, industrial, and utility customers. Its products are used for backup power, prime power, and distributed energy applications across homes, businesses, data centers, healthcare facilities, construction sites, and other critical operations.