Generac (NYSE:GNRC) Insider Sells 550 Shares of Stock

Generac Holdings Inc. (NYSE:GNRCGet Free Report) insider Norman Taffe sold 550 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $256.00, for a total transaction of $140,800.00. Following the completion of the sale, the insider directly owned 15,808 shares of the company’s stock, valued at $4,046,848. The trade was a 3.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Generac Stock Performance

Shares of NYSE GNRC traded down $21.87 during midday trading on Tuesday, reaching $235.94. 1,747,244 shares of the company were exchanged, compared to its average volume of 1,034,014. The stock has a market cap of $13.89 billion, a P/E ratio of 73.96, a PEG ratio of 2.36 and a beta of 1.89. Generac Holdings Inc. has a 1 year low of $134.80 and a 1 year high of $296.44. The stock has a fifty day simple moving average of $265.87 and a 200 day simple moving average of $215.17. 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 (NYSE:GNRCGet Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.33 by $0.47. Generac had a return on equity of 15.45% and a net margin of 4.37%.The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the business earned $1.26 EPS. The firm’s revenue was up 12.5% compared to the same quarter last year. On average, research analysts forecast that Generac Holdings Inc. will post 8.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

GNRC has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of Generac from $238.00 to $280.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. UBS Group increased their target price on Generac from $305.00 to $335.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Citigroup lifted their price target on Generac from $263.00 to $300.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. Roth Capital reaffirmed a “neutral” rating and set a $257.00 price objective on shares of Generac in a report on Thursday, April 30th. Finally, Canaccord Genuity Group increased their price objective on Generac from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $284.18.

Get Our Latest Stock Analysis on Generac

Institutional Investors Weigh In On Generac

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Invesco Ltd. increased its stake in Generac by 49.9% in the 4th quarter. Invesco Ltd. now owns 2,423,971 shares of the technology company’s stock valued at $330,557,000 after purchasing an additional 806,430 shares in the last quarter. Diamant Asset Management Inc. grew its holdings in Generac by 19,433.0% in the first quarter. Diamant Asset Management Inc. now owns 666,075 shares of the technology company’s stock valued at $130,104,000 after purchasing an additional 662,665 shares during the last quarter. Bank of Montreal Can grew its holdings in Generac by 1,141.1% in the fourth quarter. Bank of Montreal Can now owns 695,600 shares of the technology company’s stock valued at $94,859,000 after purchasing an additional 639,551 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Generac by 127.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 959,337 shares of the technology company’s stock valued at $130,825,000 after buying an additional 536,732 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Generac during the 4th quarter worth $68,590,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Company Profile

(Get Free Report)

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.

Read More

Receive News & Ratings for Generac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Generac and related companies with MarketBeat.com's FREE daily email newsletter.