Generac (NYSE:GNRC) Stock Price Down 5.6% – Should You Sell?

Generac Holdings Inc. (NYSE:GNRC) traded down 5.6% during trading on Wednesday . The stock traded as low as $245.00 and last traded at $246.3370. 324,829 shares changed hands during trading, a decline of 68% from the average session volume of 1,023,639 shares. The stock had previously closed at $260.99.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. UBS Group lifted their price target on Generac from $270.00 to $305.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Citigroup lifted their price target on Generac from $226.00 to $263.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Stifel Nicolaus set a $275.00 price target on Generac in a report on Thursday, April 30th. Guggenheim reissued a “neutral” rating and set a $202.00 price objective on shares of Generac in a research report on Tuesday, February 10th. Finally, Weiss Ratings raised Generac from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $276.88.

Generac Stock Down 7.2%

The business has a 50-day moving average of $240.14 and a 200-day moving average of $199.62. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.99 and a current ratio of 2.03. The stock has a market capitalization of $14.26 billion, a price-to-earnings ratio of 75.65, a P/E/G ratio of 2.49 and a beta of 1.93.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.80 earnings per share (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 return on equity of 15.45% and a net margin of 4.37%.The company’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period last year, the company earned $1.26 EPS. On average, sell-side analysts expect that Generac Holdings Inc. will post 8.91 EPS for the current year.

Insider Activity

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $272.18, for a total value of $1,360,900.00. Following the completion of the transaction, the chief executive officer directly owned 564,528 shares of the company’s stock, valued at $153,653,231.04. The trade was a 0.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of Generac stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $272.26, for a total value of $149,743.00. Following the completion of the transaction, the insider directly owned 16,108 shares of the company’s stock, valued at approximately $4,385,564.08. This represents a 3.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Generac

Institutional investors have recently bought and sold shares of the company. MUFG Securities EMEA plc purchased a new position in shares of Generac in the 2nd quarter valued at about $25,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Generac in the 3rd quarter valued at about $26,000. Avalon Trust Co purchased a new position in shares of Generac in the 1st quarter valued at about $32,000. Essential Partners LLC boosted its stake in shares of Generac by 57.0% in the 1st quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock valued at $33,000 after buying an additional 61 shares during the period. Finally, GHP Investment Advisors Inc. purchased a new position in shares of Generac in the 1st quarter valued at about $36,000. 84.04% of the stock is owned by institutional investors and hedge funds.

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.