Generac (NYSE:GNRC) Insider Sells $128,179.71 in Stock

Generac Holdings Inc. (NYSE:GNRC) insider Kyle Raabe sold 603 shares of the business’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $212.57, for a total value of $128,179.71. Following the completion of the sale, the insider directly owned 9,966 shares of the company’s stock, valued at approximately $2,118,472.62. This trade represents a 5.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kyle Andrew Raabe also recently made the following trade(s):

• On Thursday, September 17th, Kyle Raabe sold 603 shares of Generac stock. The stock was sold at an average price of $229.50, for a total value of $138,388.50.
• On Friday, August 7th, Kyle Raabe sold 586 shares of Generac stock. The stock was sold at an average price of $213.35, for a total value of $125,023.10.

Generac Price Performance

Shares of Generac stock opened at $224.36 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.04 and a quick ratio of 1.00. Generac Holdings Inc. has a one year low of $134.80 and a one year high of $296.44. The business’s 50 day simple moving average is $202.75 and its two-hundred day simple moving average is $226.75. The stock has a market capitalization of $13.24 billion, a P/E ratio of 51.70, a price-to-earnings-growth ratio of 1.90 and a beta of 1.91.

Generac (NYSE:GNRC) last issued 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 firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter last year, the business earned $1.65 earnings per share. The business’s revenue was up 10.3% on a year-over-year basis. Analysts forecast that Generac Holdings Inc. will post 9.73 EPS for the current year.

Institutional Trading of Generac

Hedge funds have recently made changes to their positions in the stock. Diversified Management Inc. grew its stake in shares of Generac by 56.4% in the 3rd quarter. Diversified Management Inc. now owns 1,564 shares of the technology company’s stock worth $324,000 after buying an additional 564 shares during the last quarter. GAMMA Investing LLC raised its stake in Generac by 8.1% during the third quarter. GAMMA Investing LLC now owns 2,882 shares of the technology company’s stock valued at $596,000 after buying an additional 215 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Generac by 17.9% in the third quarter. Farther Finance Advisors LLC now owns 3,117 shares of the technology company’s stock worth $645,000 after acquiring an additional 473 shares in the last quarter. Toth Financial Advisory Corp boosted its holdings in Generac by 3,900.0% in the third quarter. Toth Financial Advisory Corp now owns 280 shares of the technology company’s stock worth $58,000 after acquiring an additional 273 shares in the last quarter. Finally, Moody National Bank Trust Division grew its stake in shares of Generac by 9.8% in the third quarter. Moody National Bank Trust Division now owns 8,497 shares of the technology company’s stock worth $1,758,000 after acquiring an additional 755 shares during the last quarter. 84.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on GNRC. Needham & Company LLC reaffirmed a “buy” rating and set a $283.00 price objective on shares of Generac in a research note on Thursday, September 17th. Roth Capital upped their target price on Generac from $214.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, September 17th. Jefferies Financial Group reiterated a “buy” rating on shares of Generac in a report on Thursday, September 17th. HSBC downgraded shares of Generac to a “hold” rating and set a $333.00 price objective on the stock. in a research report on Thursday, September 17th. Finally, Piper Sandler started coverage on shares of Generac in a report on Thursday. They issued an “overweight” rating and a $303.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Generac presently has a consensus rating of “Moderate Buy” and an average price target of $290.55.

Generac News Summary

Here are the key news stories impacting Generac this week:

• Positive Sentiment: Piper Sandler initiated coverage at “overweight” with a $303 price target, implying meaningful upside and adding fresh institutional support for the stock. Piper Sandler initiates coverage of Generac Holdings at overweight
• Positive Sentiment: KeyBanc upgraded Generac from “sector weight” to “overweight” and set a $280 price objective. The upgrade reflects expectations that data-center and commercial power demand can strengthen Generac’s growth outlook. KeyBanc upgrades Generac Holdings
• Positive Sentiment: Investors are focusing on Generac’s data-center backlog and commercial and industrial opportunity. Analysts see rising demand for backup and distributed power to support data-center construction and AI-related electricity needs, potentially helping offset softer residential demand. GNRC Pops on Piper’s $303 Call, Data-Center Backlog
• Positive Sentiment: A cash-flow valuation analysis suggested GNRC may be approximately 20% undervalued, supporting the argument that the recent rally may not fully reflect its longer-term earnings and cash-generation potential. Generac Stock May Be 20% Undervalued on Cash Flow
• Neutral Sentiment: Several insiders sold shares under pre-arranged Rule 10b5-1 plans. Kyle Raabe sold 603 shares, while Norman Taffe sold 550 shares across two transactions. The sales were relatively small compared with their remaining holdings and therefore appear unlikely to change the fundamental outlook. Generac insider selling alert
• Negative Sentiment: GNRC’s valuation remains demanding, with a P/E ratio above 50 based on the supplied trading data. That valuation leaves the stock sensitive to any disappointment in data-center execution, residential demand, margins or future earnings growth.

About Generac

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.