Generac (NYSE:GNRC) Insider Sells $149,743.00 in Stock

Generac Holdings Inc. (NYSE:GNRC) insider Norman Taffe sold 550 shares of Generac stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $272.26, for a total value of $149,743.00. Following the completion of the sale, the insider directly owned 16,108 shares of the company’s stock, valued at approximately $4,385,564.08. This trade represents a 3.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Generac Stock Performance

GNRC traded up $3.93 during trading hours on Monday, hitting $265.47. The stock had a trading volume of 674,610 shares, compared to its average volume of 1,032,006. The company’s fifty day simple moving average is $237.45 and its 200 day simple moving average is $197.95. Generac Holdings Inc. has a 1 year low of $123.66 and a 1 year high of $294.18. The stock has a market cap of $15.63 billion, a PE ratio of 83.22, a price-to-earnings-growth ratio of 2.45 and a beta of 1.93. The company has a quick ratio of 0.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.47.

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GNRC. Needham & Company LLC reissued a “buy” rating on shares of Generac in a report on Tuesday, June 2nd. UBS Group lifted their price objective on Generac from $270.00 to $305.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Stifel Nicolaus set a $275.00 price objective on Generac in a report on Thursday, April 30th. Wall Street Zen raised Generac from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 9th. Finally, TD Cowen lifted their target price on Generac from $255.00 to $285.00 and gave the company a “buy” rating in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Generac has a consensus rating of “Moderate Buy” and a consensus target price of $276.88.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GNRC. MUFG Securities EMEA plc purchased a new position in Generac during the 2nd quarter valued at about $25,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Generac during the 3rd quarter valued at about $26,000. Sentry Investment Management LLC boosted its position in shares of Generac by 69.8% during the 3rd quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock valued at $28,000 after acquiring an additional 67 shares during the last quarter. Avalon Trust Co bought a new stake in shares of Generac during the 1st quarter valued at about $32,000. Finally, Essential Partners LLC boosted its position in shares of Generac by 57.0% during the 1st quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock valued at $33,000 after acquiring an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

About Generac

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.