Generac (NYSE:GNRC) Insider Sells $75,480.00 in Stock

Generac Holdings Inc. (NYSE:GNRC) insider Norman Taffe sold 400 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $188.70, for a total transaction of $75,480.00. Following the sale, the insider directly owned 11,276 shares of the company’s stock, valued at $2,127,781.20. This represents a 3.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Generac Stock Down 2.0%

GNRC traded down $3.76 during trading on Wednesday, hitting $186.45. The company had a trading volume of 570,266 shares, compared to its average volume of 1,039,025. The company has a market capitalization of $11.00 billion, a PE ratio of 42.96, a PEG ratio of 1.60 and a beta of 1.91. Generac Holdings Inc. has a one year low of $134.80 and a one year high of $296.44. The firm’s 50-day moving average price is $212.14 and its 200 day moving average price is $228.87. The company has a quick ratio of 1.00, a current ratio of 2.04 and a debt-to-equity ratio of 0.43.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.90. Generac had a return on equity of 17.83% and a net margin of 5.82%.The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the company earned $1.65 EPS. The company’s revenue was up 10.3% on a year-over-year basis. As a group, equities analysts expect that Generac Holdings Inc. will post 9.78 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on GNRC shares. Citigroup lifted their target price on Generac from $263.00 to $300.00 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. Raymond James Financial set a $302.00 price objective on shares of Generac in a report on Friday, May 22nd. Robert W. Baird set a $305.00 target price on shares of Generac in a report on Thursday, July 30th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Generac in a research report on Wednesday, June 3rd. Finally, Stephens reiterated an “overweight” rating and issued a $290.00 price target on shares of Generac in a research note on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Generac presently has a consensus rating of “Moderate Buy” and a consensus target price of $284.84.

Institutional Investors Weigh In On Generac

Several large investors have recently made changes to their positions in the stock. California State Teachers Retirement System lifted its holdings in Generac by 29,322.7% during the 2nd quarter. California State Teachers Retirement System now owns 19,945,924 shares of the technology company’s stock valued at $5,840,366,000 after purchasing an additional 19,878,133 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Generac in the second quarter valued at $1,170,960,000. Invesco Ltd. increased its holdings in shares of Generac by 49.9% in the fourth quarter. Invesco Ltd. now owns 2,423,971 shares of the technology company’s stock valued at $330,557,000 after purchasing an additional 806,430 shares during the last quarter. State Street Corp raised its position in shares of Generac by 2.1% in the second quarter. State Street Corp now owns 2,189,927 shares of the technology company’s stock valued at $313,619,000 after purchasing an additional 45,592 shares during the period. Finally, Boston Partners raised its position in shares of Generac by 7.1% in the third quarter. Boston Partners now owns 1,947,332 shares of the technology company’s stock valued at $326,003,000 after purchasing an additional 128,439 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

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.