Generac (NYSE:GNRC) Insider Sells $125,023.10 in Stock

Generac Holdings Inc. (NYSE:GNRC) insider Kyle Andrew Raabe sold 586 shares of Generac stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $213.35, for a total transaction of $125,023.10. Following the sale, the insider owned 10,746 shares of the company’s stock, valued at approximately $2,292,659.10. The trade was a 5.17% decrease in their ownership of the stock. 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 Up 2.4%

NYSE:GNRC opened at $220.95 on Thursday. The firm has a market capitalization of $13.04 billion, a P/E ratio of 50.91, a PEG ratio of 1.85 and a beta of 1.92. Generac Holdings Inc. has a 1-year low of $134.80 and a 1-year high of $296.44. The company’s fifty day moving average price is $240.27 and its 200-day moving average price is $227.62. 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 (NYSE:GNRC) last posted its earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.90. Generac had a net margin of 5.82% and a return on equity of 17.83%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the firm posted $1.65 earnings per share. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. As a group, equities research analysts anticipate that Generac Holdings Inc. will post 9.72 EPS for the current year.

Institutional Investors Weigh In On Generac

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC raised its position in shares of Generac by 42.8% during the 4th quarter. Hsbc Holdings PLC now owns 93,080 shares of the technology company’s stock worth $12,711,000 after purchasing an additional 27,893 shares during the last quarter. Needham Investment Management LLC lifted its stake in Generac by 213.6% in the 4th quarter. Needham Investment Management LLC now owns 34,500 shares of the technology company’s stock valued at $4,705,000 after buying an additional 23,500 shares in the last quarter. Patton Fund Management Inc. acquired a new stake in Generac in the 1st quarter worth about $3,797,000. Paradice Investment Management LLC increased its stake in Generac by 16.9% during the 4th quarter. Paradice Investment Management LLC now owns 211,861 shares of the technology company’s stock worth $28,891,000 after buying an additional 30,578 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. purchased a new stake in Generac during the 4th quarter worth approximately $699,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on GNRC. Stephens reissued an “overweight” rating and issued a $290.00 price target on shares of Generac in a report on Thursday, May 21st. TD Cowen reiterated a “buy” rating on shares of Generac in a research note on Monday, July 20th. Barclays dropped their price target on shares of Generac from $285.00 to $278.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Weiss Ratings raised shares of Generac from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. Finally, Roth Capital set a $214.00 target price on Generac in a research report 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 given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $284.84.

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.