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

Generac Holdings Inc. (NYSE:GNRC) insider Norman Taffe sold 550 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $256.00, for a total transaction of $140,800.00. Following the transaction, the insider owned 15,808 shares of the company’s stock, valued at $4,046,848. This trade represents a 3.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Generac Stock Down 8.5%

Shares of GNRC traded down $21.87 during midday trading on Tuesday, reaching $235.94. The stock had a trading volume of 1,747,244 shares, compared to its average volume of 1,034,014. The company has a market cap of $13.89 billion, a price-to-earnings ratio of 73.96, a PEG ratio of 2.36 and a beta of 1.89. The company’s fifty day simple moving average is $265.87 and its two-hundred day simple moving average is $215.17. Generac Holdings Inc. has a 1-year low of $134.80 and a 1-year high of $296.44. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.03 and a quick ratio of 0.99.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, April 29th. The technology company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.47. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. Generac had a net margin of 4.37% and a return on equity of 15.45%. The company’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.26 earnings per share. Equities research analysts expect that Generac Holdings Inc. will post 8.91 earnings per share for the current year.

Institutional Trading of Generac

A number of large investors have recently made changes to their positions in GNRC. GAMMA Investing LLC lifted its stake in Generac by 8.5% in the second quarter. GAMMA Investing LLC now owns 2,667 shares of the technology company’s stock valued at $781,000 after buying an additional 210 shares during the last quarter. Grant Private Wealth Management Inc purchased a new position in shares of Generac during the second quarter worth approximately $275,000. Moody National Bank Trust Division purchased a new position in shares of Generac during the second quarter worth approximately $2,267,000. CX Institutional increased its holdings in shares of Generac by 13.1% in the 2nd quarter. CX Institutional now owns 2,069 shares of the technology company’s stock valued at $606,000 after acquiring an additional 240 shares during the period. Finally, Western Wealth Management LLC acquired a new position in shares of Generac in the 1st quarter valued at $285,000. 84.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on GNRC shares. Canaccord Genuity Group raised their target price on Generac from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Barclays upped their price target on Generac from $228.00 to $285.00 and gave the company an “equal weight” rating in a report on Monday, June 29th. Zacks Research cut shares of Generac from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 4th. Jefferies Financial Group restated a “buy” rating on shares of Generac in a research report on Wednesday, June 3rd. Finally, Argus upped their target price on shares of Generac from $255.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $284.18.

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.