Generac (NYSE:GNRC) Insider Sells $120,356.50 in Stock

Key Points

• Generac insider Norman Taffe sold 550 shares at an average price of $218.83, totaling $120,356.50. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, leaving him with 15,508 shares.
• Generac shares fell $6.20 to $211.21, while the company reported quarterly EPS of $2.91—$0.90 above analyst expectations. Revenue rose 10.3% year over year to $1.17 billion, slightly below estimates.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $284.84; institutional investors own approximately 84.04% of the company.

Generac Holdings Inc. (NYSE:GNRC - Get Free Report) insider Norman Taffe sold 550 shares of the firm's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $218.83, for a total value of $120,356.50. Following the completion of the sale, the insider directly owned 15,508 shares of the company's stock, valued at approximately $3,393,615.64. The trade was a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Generac Stock Performance

Shares of GNRC stock traded down $6.20 during trading on Thursday, reaching $211.21. 1,060,536 shares of the company's stock were exchanged, compared to its average volume of 1,056,814. Generac Holdings Inc. has a twelve month low of $134.80 and a twelve month high of $296.44. The firm's fifty day moving average price is $246.84 and its 200-day moving average price is $225.96. The company has a quick ratio of 1.00, a current ratio of 2.04 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $12.43 billion, a PE ratio of 48.67, a PEG ratio of 1.89 and a beta of 1.92.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.91 EPS for the quarter, topping 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 firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.18 billion. During the same period in the previous year, the business posted $1.65 earnings per share. The company's revenue for the quarter was up 10.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Generac Holdings Inc. will post 9.63 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on GNRC. JPMorgan Chase & Co. increased their price target on shares of Generac from $229.00 to $267.00 and gave the company an "overweight" rating in a report on Thursday, April 30th. Wells Fargo & Company increased their target price on Generac from $238.00 to $280.00 and gave the stock an "overweight" rating in a research note on Friday, May 1st. Stephens reissued an "overweight" rating and set a $290.00 price target on shares of Generac in a report on Thursday, May 21st. Barclays reduced their price target on Generac from $285.00 to $278.00 and set an "equal weight" rating for the company in a research note on Thursday, July 30th. Finally, Stifel Nicolaus upped their price objective on Generac from $275.00 to $285.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $284.84.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. MUFG Securities EMEA plc acquired a new stake in Generac during the second quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd acquired a new position in Generac in the 3rd quarter valued at $26,000. Avalon Trust Co acquired a new position in Generac in the 1st quarter valued at $32,000. Essential Partners LLC lifted its position in shares of 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 during the period. Finally, GHP Investment Advisors Inc. bought a new stake in shares of Generac during the 1st quarter valued at $36,000. 84.04% of the stock is owned by institutional investors.

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.

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