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

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

Generac Stock Up 1.4%

NYSE GNRC opened at $224.36 on Friday. Generac Holdings Inc. has a 52 week low of $134.80 and a 52 week high of $296.44. The company has a quick ratio of 1.00, a current ratio of 2.04 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $13.24 billion, a P/E ratio of 51.70, a price-to-earnings-growth ratio of 1.90 and a beta of 1.91. The stock’s 50-day moving average price is $202.75 and its 200-day moving average price is $226.75.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.90. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.18 billion. Generac had a return on equity of 17.83% and a net margin of 5.82%.The firm’s revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.65 EPS. On average, equities research analysts predict that Generac Holdings Inc. will post 9.73 earnings per share for the current year.

Institutional Investors Weigh In On Generac

Several large investors have recently made changes to their positions in GNRC. N.E.W. Advisory Services LLC bought a new position in Generac during the second quarter valued at approximately $25,000. Avalon Trust Co purchased a new stake in shares of Generac during the 1st quarter worth approximately $32,000. Essential Partners LLC boosted its position in shares of Generac by 57.0% during 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. GHP Investment Advisors Inc. bought a new position in shares of Generac during the 1st quarter valued at approximately $36,000. Finally, Root Financial Partners LLC grew its holdings in shares of Generac by 32.9% in the first quarter. Root Financial Partners LLC now owns 218 shares of the technology company’s stock valued at $43,000 after purchasing an additional 54 shares in the last quarter. 84.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on GNRC. Citigroup decreased their price objective on shares of Generac from $300.00 to $232.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 30th. Weiss Ratings upgraded Generac from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. Cantor Fitzgerald decreased their price target on Generac from $333.00 to $297.00 and set an “overweight” rating on the stock in a report on Monday. Robert W. Baird set a $305.00 price objective on Generac in a research note on Thursday, July 30th. Finally, Wells Fargo & Company set a $280.00 target price on Generac in a research report on Thursday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $290.55.

Key Generac News

Here are the key news stories impacting Generac this week:

• Positive Sentiment: Piper Sandler initiated coverage at “overweight” with a $303 price target, implying meaningful upside and adding fresh institutional support for the stock. Piper Sandler initiates coverage of Generac Holdings at overweight
• Positive Sentiment: KeyBanc upgraded Generac from “sector weight” to “overweight” and set a $280 price objective. The upgrade reflects expectations that data-center and commercial power demand can strengthen Generac’s growth outlook. KeyBanc upgrades Generac Holdings
• Positive Sentiment: Investors are focusing on Generac’s data-center backlog and commercial and industrial opportunity. Analysts see rising demand for backup and distributed power to support data-center construction and AI-related electricity needs, potentially helping offset softer residential demand. GNRC Pops on Piper’s $303 Call, Data-Center Backlog
• Positive Sentiment: A cash-flow valuation analysis suggested GNRC may be approximately 20% undervalued, supporting the argument that the recent rally may not fully reflect its longer-term earnings and cash-generation potential. Generac Stock May Be 20% Undervalued on Cash Flow
• Neutral Sentiment: Several insiders sold shares under pre-arranged Rule 10b5-1 plans. Kyle Raabe sold 603 shares, while Norman Taffe sold 550 shares across two transactions. The sales were relatively small compared with their remaining holdings and therefore appear unlikely to change the fundamental outlook. Generac insider selling alert
• Negative Sentiment: GNRC’s valuation remains demanding, with a P/E ratio above 50 based on the supplied trading data. That valuation leaves the stock sensitive to any disappointment in data-center execution, residential demand, margins or future earnings growth.

About Generac

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.