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

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

Generac Price Performance

Generac stock opened at $176.13 on Monday. The stock has a market capitalization of $10.39 billion, a price-to-earnings ratio of 34.88, a PEG ratio of 1.50 and a beta of 1.86. Generac Holdings Inc. has a 52-week low of $134.80 and a 52-week high of $296.44. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.06 and a current ratio of 1.97. The stock’s 50 day moving average price is $197.79 and its two-hundred day moving average price is $218.22.

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Cantor Fitzgerald decreased their price target on shares of Generac from $333.00 to $297.00 and set an “overweight” rating for the company in a research note on Monday, October 5th. Stephens reiterated an “overweight” rating and set a $335.00 price objective on shares of Generac in a report on Thursday, September 17th. Stifel Nicolaus increased their price objective on shares of Generac from $290.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. Wells Fargo & Company set a $280.00 target price on Generac in a research note on Thursday, September 17th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Generac in a research report on Monday, October 26th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $290.41.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. N.E.W. Advisory Services LLC bought a new stake in Generac during the 2nd quarter valued at $25,000. Avalon Trust Co purchased a new stake in shares of Generac during the first quarter worth $32,000. Essential Partners LLC boosted its holdings in shares of Generac by 57.0% in the first quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock worth $33,000 after acquiring an additional 61 shares during the period. Jacobi Capital Management LLC bought a new position in shares of Generac in the third quarter worth $35,000. Finally, Fiduciary Financial Advisors bought a new position in shares of Generac in the second quarter worth $50,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

About Generac

Generac Holdings Inc designs and manufactures backup power generation equipment and energy technology solutions. Its products include home standby and portable generators, as well as power systems for commercial, industrial, and other applications.

The company also offers energy storage and management products, solar-related solutions, and services that help customers monitor and manage power use. Generac serves residential, commercial, and industrial customers, with a presence in North America and other markets around the world.

Founded in 1959, Generac has expanded from its generator-manufacturing roots into a broader provider of backup power and energy management technologies.