Norman Taffe Sells 550 Shares of Generac (NYSE:GNRC) Stock

Generac Holdings Inc. (NYSE:GNRC) insider Norman Taffe sold 550 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $256.00, for a total value of $140,800.00. Following the transaction, the insider directly owned 15,808 shares in the company, valued at approximately $4,046,848. This represents a 3.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Generac Price Performance

Shares of NYSE GNRC opened at $236.89 on Thursday. Generac Holdings Inc. has a twelve month low of $134.80 and a twelve month high of $296.44. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $13.95 billion, a price-to-earnings ratio of 74.26, a price-to-earnings-growth ratio of 2.21 and a beta of 1.89. The business has a 50 day simple moving average of $266.50 and a 200-day simple moving average of $216.51.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of Generac during the third quarter worth approximately $26,000. Avalon Trust Co acquired a new stake in Generac in the 1st quarter valued at approximately $32,000. Essential Partners LLC raised its stake in 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 in the last quarter. MUFG Securities EMEA plc bought a new stake in Generac during the 2nd quarter valued at $25,000. Finally, GHP Investment Advisors Inc. acquired a new position in Generac during the 1st quarter worth $36,000. Institutional investors own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on GNRC shares. Stifel Nicolaus set a $275.00 price target on shares of Generac in a report on Thursday, April 30th. Barclays increased their price objective on shares of Generac from $228.00 to $285.00 and gave the stock an “equal weight” rating in a research note on Monday, June 29th. JPMorgan Chase & Co. lifted their target price on Generac from $229.00 to $267.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Stephens reaffirmed an “overweight” rating and set a $290.00 target price on shares of Generac in a report on Thursday, May 21st. Finally, Wall Street Zen upgraded Generac from a “hold” rating to a “strong-buy” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $284.18.

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.