Insider Selling: Generac (NYSE:GNRC) Insider Sells 586 Shares of Stock

Generac Holdings Inc. (NYSE:GNRC) insider Kyle Andrew Raabe sold 586 shares of Generac stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $213.35, for a total value of $125,023.10. Following the completion of the sale, the insider owned 10,746 shares in the company, valued at approximately $2,292,659.10. The trade was a 5.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Generac Price Performance

Shares of GNRC traded down $5.93 during trading hours on Monday, hitting $206.29. 627,844 shares of the stock were exchanged, compared to its average volume of 1,051,375. The stock’s 50-day moving average price is $244.18 and its two-hundred day moving average price is $226.68. Generac Holdings Inc. has a 12-month low of $134.80 and a 12-month high of $296.44. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 2.04. The company has a market cap of $12.17 billion, a price-to-earnings ratio of 47.53, a price-to-earnings-growth ratio of 1.82 and a beta of 1.92.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.90. Generac had a net margin of 5.82% and a return on equity of 17.83%. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the company posted $1.65 EPS. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. Research analysts expect that Generac Holdings Inc. will post 9.72 earnings per share for the current year.

Institutional Trading of Generac

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Nicollet Investment Management Inc. raised its stake in shares of Generac by 0.7% in the fourth quarter. Nicollet Investment Management Inc. now owns 7,734 shares of the technology company’s stock worth $1,055,000 after acquiring an additional 50 shares during the last quarter. Gen Wealth Partners Inc lifted its stake in shares of Generac by 8.7% in the 4th quarter. Gen Wealth Partners Inc now owns 675 shares of the technology company’s stock valued at $92,000 after purchasing an additional 54 shares during the period. Root Financial Partners LLC boosted its holdings in Generac by 32.9% during the first quarter. Root Financial Partners LLC now owns 218 shares of the technology company’s stock worth $43,000 after buying an additional 54 shares during the last quarter. Meridian Financial Partners LLC boosted its stake in Generac by 0.6% during the 4th quarter. Meridian Financial Partners LLC now owns 10,056 shares of the technology company’s stock worth $1,371,000 after acquiring an additional 61 shares during the last quarter. Finally, Essential Partners LLC lifted its holdings in Generac by 57.0% during 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 in the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GNRC has been the topic of a number of research reports. DA Davidson set a $333.00 target price on shares of Generac in a research note on Thursday, July 30th. Weiss Ratings raised Generac from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday. UBS Group raised their target price on Generac from $335.00 to $340.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Barclays lowered their price target on shares of Generac from $285.00 to $278.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Generac in a research note on Monday, July 20th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $284.84.

Generac Company Profile

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.