York Ragen Sells 24,362 Shares of Generac (NYSE:GNRC) Stock

Generac Holdings Inc. (NYSE:GNRC) CFO York Ragen sold 24,362 shares of the firm’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $235.61, for a total value of $5,739,930.82. Following the completion of the sale, the chief financial officer directly owned 137,182 shares in the company, valued at approximately $32,321,451.02. This represents a 15.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Generac Price Performance

Shares of Generac stock traded down $9.59 during trading on Friday, reaching $224.76. 1,124,988 shares of the company’s stock were exchanged, compared to its average volume of 1,269,892. The firm’s 50-day moving average price is $174.70 and its 200 day moving average price is $173.13. The company has a market cap of $13.19 billion, a P/E ratio of 83.86, a PEG ratio of 1.72 and a beta of 1.85. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.00 and a current ratio of 2.03. Generac Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $241.09.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, February 11th. The technology company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.81 by ($0.20). Generac had a return on equity of 14.55% and a net margin of 3.79%.The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the firm posted $2.80 EPS. The firm’s revenue was down 11.6% compared to the same quarter last year. As a group, research analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC increased its position in shares of Generac by 6.2% during the first quarter. NewEdge Advisors LLC now owns 2,439 shares of the technology company’s stock worth $309,000 after buying an additional 142 shares during the period. Woodline Partners LP boosted its position in Generac by 40.9% during the first quarter. Woodline Partners LP now owns 5,036 shares of the technology company’s stock valued at $638,000 after acquiring an additional 1,463 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in Generac by 13.0% during the 2nd quarter. Asset Management One Co. Ltd. now owns 1,936 shares of the technology company’s stock worth $277,000 after acquiring an additional 223 shares during the period. AlphaQuest LLC raised its position in shares of Generac by 11.5% in the 2nd quarter. AlphaQuest LLC now owns 2,821 shares of the technology company’s stock worth $404,000 after acquiring an additional 291 shares in the last quarter. Finally, Brighton Jones LLC acquired a new position in shares of Generac in the 2nd quarter valued at about $219,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on GNRC shares. Zacks Research raised shares of Generac from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 19th. UBS Group reissued a “buy” rating and set a $270.00 price target on shares of Generac in a research note on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Generac in a research note on Thursday, January 22nd. Roth Mkm reiterated a “neutral” rating and issued a $220.00 price objective on shares of Generac in a report on Thursday, February 12th. Finally, JPMorgan Chase & Co. raised shares of Generac from a “neutral” rating to an “overweight” rating and set a $200.00 target price on the stock in a report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $220.19.

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.