Generac (NYSE:GNRC) Stock: Insider Norman Taffe Sells 400 Shares

Key Points

• Insider sale: Generac insider Norman Taffe sold 400 shares for approximately $86,184 under a pre-arranged Rule 10b5-1 plan, reducing his direct ownership by 3.52% to 10,976 shares.
• Stock and earnings: GNRC recently traded at $221.76, down 0.8%. Generac beat quarterly EPS estimates, reporting $2.91 versus the $2.01 consensus, while revenue rose 10.3% year over year to $1.17 billion.
• Analyst outlook: Institutional investors own 84.04% of the company, and analysts maintain a “Moderate Buy” consensus with an average price target of $290.45, despite mixed recent target adjustments.

Generac Holdings Inc. (NYSE:GNRC - Get Free Report) insider Norman Taffe sold 400 shares of the business's stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $215.46, for a total transaction of $86,184.00. Following the transaction, the insider directly owned 10,976 shares in the company, valued at $2,364,888.96. The trade was a 3.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Generac Stock Down 0.8%

NYSE GNRC traded down $1.86 during trading on Wednesday, reaching $221.76. The company's stock had a trading volume of 876,970 shares, compared to its average volume of 1,087,536. The company has a current ratio of 2.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $13.09 billion, a PE ratio of 51.10, a PEG ratio of 1.83 and a beta of 1.91. Generac Holdings Inc. has a 1-year low of $134.80 and a 1-year high of $296.44. The business has a 50-day moving average price of $201.57 and a 200-day moving average price of $226.42.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.90. Generac had a net margin of 5.82% and a return on equity of 17.83%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the prior year, the firm earned $1.65 EPS. Generac's quarterly revenue was up 10.3% compared to the same quarter last year. On average, research analysts forecast that Generac Holdings Inc. will post 9.82 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Generac

A number of institutional investors and hedge funds have recently made changes to their positions in GNRC. Nicollet Investment Management Inc. lifted its position in Generac by 0.7% during the fourth quarter. Nicollet Investment Management Inc. now owns 7,734 shares of the technology company's stock valued at $1,055,000 after purchasing an additional 50 shares during the last quarter. Root Financial Partners LLC increased its holdings in shares of Generac by 32.9% in the 1st quarter. Root Financial Partners LLC now owns 218 shares of the technology company's stock worth $43,000 after buying an additional 54 shares during the last quarter. Essential Partners LLC raised 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 buying an additional 61 shares in the last quarter. Oarsman Capital Inc. raised its position in shares of Generac by 4.3% during the 2nd quarter. Oarsman Capital Inc. now owns 1,492 shares of the technology company's stock valued at $437,000 after buying an additional 61 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Generac by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 16,190 shares of the technology company's stock worth $4,741,000 after acquiring an additional 64 shares during the last quarter. Institutional investors own 84.04% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GNRC. DA Davidson set a $333.00 price target on Generac in a report on Thursday, July 30th. Canaccord Genuity Group increased their target price on Generac from $275.00 to $375.00 and gave the stock a "buy" rating in a report on Thursday, September 17th. Barclays lowered their target price 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. Citigroup reduced their price target on shares of Generac from $300.00 to $232.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 30th. Finally, TD Cowen raised shares of Generac to a "strong-buy" rating in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $290.45.

About Generac

Generac Holdings Inc is an energy technology company that designs and manufactures power generation equipment, energy storage systems and other products intended to provide backup and distributed energy solutions. Its offerings serve residential, commercial, industrial and other users seeking standby power, portable power or greater control over energy use.

The company's product portfolio includes home standby generators, portable generators, commercial and industrial generators, mobile power equipment, engines and related transfer switches and controls.

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