Kyle Andrew Raabe Sells 586 Shares of Generac (NYSE:GNRC) Stock

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

Generac Price Performance

Shares of GNRC opened at $216.29 on Wednesday. The company has a market capitalization of $12.76 billion, a P/E ratio of 49.84, a price-to-earnings-growth ratio of 1.77 and a beta of 1.92. The company has a quick ratio of 1.00, a current ratio of 2.04 and a debt-to-equity ratio of 0.43. The firm has a 50 day moving average of $241.56 and a 200 day moving average of $227.30. Generac Holdings Inc. has a twelve month low of $134.80 and a twelve month high of $296.44.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.90. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. Generac had a net margin of 5.82% and a return on equity of 17.83%. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.65 EPS. As a group, equities research analysts anticipate that Generac Holdings Inc. will post 9.72 earnings per share for the current fiscal year.

Institutional Trading of Generac

Large investors have recently modified their holdings of the company. Ieq Capital LLC purchased a new stake in Generac during the second quarter valued at $4,381,000. Callan Family Office LLC purchased a new position in Generac in the second quarter worth about $3,033,000. Heartland Advisors Inc. purchased a new position in Generac in the second quarter worth about $4,730,000. Manhattan West Asset Management LLC bought a new stake in shares of Generac during the 2nd quarter valued at about $1,397,000. Finally, OneAscent Financial Services LLC bought a new stake in shares of Generac during the 2nd quarter valued at about $730,000. Institutional investors own 84.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price target on Generac from $229.00 to $267.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. UBS Group boosted their target price on Generac from $335.00 to $340.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Wall Street Zen upgraded shares of Generac from a “hold” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Canaccord Genuity Group dropped their price target on shares of Generac from $325.00 to $275.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Finally, Roth Capital set a $214.00 price target on shares of Generac in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $284.84.

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.