Generac (NYSE:GNRC) Insider Norman Taffe Sells 300 Shares of Company Stock

Generac Holdings Inc. (NYSE:GNRC) insider Norman Taffe sold 300 shares of the stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $182.01, for a total transaction of $54,603.00. Following the sale, the insider owned 10,676 shares of the company’s stock, valued at $1,943,138.76. This trade represents a 2.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Generac Stock Performance

Shares of NYSE GNRC traded up $3.80 during midday trading on Friday, reaching $176.13. 1,270,304 shares of the company were exchanged, compared to its average volume of 1,179,782. The stock has a market cap of $10.39 billion, a P/E ratio of 34.88, a PEG ratio of 1.72 and a beta of 1.86. 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 $197.79 and a 200 day simple moving average of $218.22. The company has a current ratio of 1.97, a quick ratio of 1.06 and a debt-to-equity ratio of 0.41.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, October 28th. The technology company reported $2.54 EPS for the quarter, beating the consensus estimate of $2.40 by $0.14. Generac had a return on equity of 18.78% and a net margin of 6.52%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the business earned $1.83 EPS. The firm’s revenue was up 16.2% compared to the same quarter last year. On average, research analysts forecast that Generac Holdings Inc. will post 9.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Contravisory Investment Management Inc. boosted its position in shares of Generac by 1.5% during the 3rd quarter. Contravisory Investment Management Inc. now owns 4,027 shares of the technology company’s stock worth $833,000 after purchasing an additional 58 shares in the last quarter. Essential Partners LLC boosted 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 buying an additional 61 shares in the last quarter. Oarsman Capital Inc. boosted its holdings in Generac by 4.3% during the second quarter. Oarsman Capital Inc. now owns 1,492 shares of the technology company’s stock worth $437,000 after buying an additional 61 shares in the last quarter. Wedbush Securities Inc. boosted its holdings in Generac by 6.2% during the third quarter. Wedbush Securities Inc. now owns 1,049 shares of the technology company’s stock worth $217,000 after buying an additional 61 shares in the last quarter. Finally, Investment Research Partners LLC grew its position in Generac by 3.9% during the third quarter. Investment Research Partners LLC now owns 1,663 shares of the technology company’s stock worth $344,000 after buying an additional 62 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on GNRC shares. Stifel Nicolaus lifted their price objective on shares of Generac from $290.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. Needham & Company LLC upped their price objective on shares of Generac from $283.00 to $288.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. UBS Group restated a “buy” rating on shares of Generac in a research note on Friday, September 25th. Canaccord Genuity Group boosted their price target on shares of Generac from $275.00 to $375.00 and gave the stock a “buy” rating in a research note on Thursday, September 17th. Finally, HSBC lowered shares of Generac to a “hold” rating and set a $333.00 price target on the stock. in a research note on Thursday, September 17th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $290.41.

Generac Company Profile

Generac Holdings Inc is a technology and energy solutions company that designs and manufactures power generation equipment and other energy-related products. Its offerings include standby and portable generators, commercial and industrial power systems, energy storage solutions, and products that help customers manage and monitor energy use.

The company serves residential, commercial, industrial, and utility customers. Its products are used for backup power, prime power, and distributed energy applications across homes, businesses, data centers, healthcare facilities, construction sites, and other critical operations.