Insider Selling: Generac (NYSE:GNRC) Insider Sells 400 Shares of Company Stock

Generac Holdings Inc. (NYSE:GNRC) insider Norman Taffe sold 400 shares of the business’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $215.46, for a total transaction of $86,184.00. Following the completion of the sale, the insider owned 10,976 shares of the company’s stock, valued at approximately $2,364,888.96. The trade was a 3.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Generac Trading Down 0.8%

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

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.90. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. Generac had a return on equity of 17.83% and a net margin of 5.82%.The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.65 earnings per share. Analysts predict that Generac Holdings Inc. will post 9.82 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Generac

Institutional investors and hedge funds have recently bought and sold shares of the stock. N.E.W. Advisory Services LLC purchased a new stake in shares of Generac in the 2nd quarter worth $25,000. Avalon Trust Co purchased a new position in shares of Generac during the first quarter valued at $32,000. Essential Partners LLC raised 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 valued at $33,000 after acquiring an additional 61 shares in the last quarter. Continuum Advisory LLC bought a new stake in shares of Generac in the second quarter valued at about $51,000. Finally, Fiduciary Financial Advisors purchased a new stake in Generac in the second quarter worth about $50,000. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on GNRC. Citigroup cut their price objective on Generac from $300.00 to $232.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 30th. Cantor Fitzgerald lowered their target price on Generac from $333.00 to $297.00 and set an “overweight” rating for the company in a research note on Monday. Robert W. Baird set a $305.00 price target on Generac in a research report on Thursday, July 30th. Canaccord Genuity Group upped their price target on Generac from $275.00 to $375.00 and gave the stock a “buy” rating in a research note on Thursday, September 17th. Finally, Raymond James Financial set a $286.00 price objective on Generac in a report on Thursday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Generac presently has an average rating of “Moderate Buy” and a consensus price target of $290.45.

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.