Russell S. Minick Sells 10,328 Shares of Generac Holdings Inc. (NYSE:GNRC) Stock

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Generac Holdings Inc. (NYSE:GNRC) insider Russell S. Minick sold 10,328 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $73.91, for a total value of $763,342.48. Following the completion of the sale, the insider now directly owns 24,743 shares of the company’s stock, valued at $1,828,755.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Generac stock opened at $74.65 on Thursday. The company has a market cap of $4.62 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 2.40 and a beta of 1.23. The company has a quick ratio of 1.00, a current ratio of 2.19 and a debt-to-equity ratio of 1.18. The business has a 50 day moving average price of $71.96 and a 200-day moving average price of $60.07. Generac Holdings Inc. has a 52 week low of $45.43 and a 52 week high of $75.16.

Generac (NYSE:GNRC) last released its earnings results on Thursday, August 1st. The technology company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.12. The company had revenue of $541.90 million during the quarter, compared to analyst estimates of $538.96 million. Generac had a return on equity of 38.99% and a net margin of 12.09%. Generac’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.11 earnings per share. As a group, research analysts anticipate that Generac Holdings Inc. will post 4.73 EPS for the current year.

GNRC has been the subject of several analyst reports. ValuEngine downgraded Generac from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Bank of America reissued a “buy” rating and issued a $83.00 price objective (up from $75.00) on shares of Generac in a research note on Thursday, June 27th. Northcoast Research raised Generac from a “neutral” rating to a “buy” rating and set a $70.00 price objective for the company in a research note on Friday, May 3rd. Zacks Investment Research raised Generac from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research note on Tuesday, August 6th. Finally, Robert W. Baird raised Generac from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $64.00 to $86.00 in a research note on Monday, July 1st. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Generac has an average rating of “Buy” and a consensus target price of $73.83.

Hedge funds have recently added to or reduced their stakes in the company. Exane Derivatives bought a new position in shares of Generac in the first quarter valued at approximately $36,000. Zions Bancorporation N.A. bought a new position in shares of Generac in the first quarter valued at approximately $39,000. Stonebridge Capital Advisors LLC bought a new position in shares of Generac in the second quarter valued at approximately $69,000. Quadrant Capital Group LLC bought a new position in shares of Generac in the first quarter valued at approximately $52,000. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of Generac in the second quarter valued at approximately $76,000. 94.05% of the stock is owned by institutional investors.

Generac Company Profile

Generac Holdings Inc designs, manufactures, and sells power generation equipment and other power products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.

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Insider Buying and Selling by Quarter for Generac (NYSE:GNRC)

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