Insider Selling: Generac (NYSE:GNRC) Insider Sells $54,603.00 in Stock

Key Points

• Generac insider Norman Taffe sold 300 shares for $54,603, under a pre-arranged Rule 10b5-1 plan. He retained 10,676 shares after the sale.
• In its latest quarter, Generac beat EPS estimates with $2.54 per share versus $2.40 expected, while revenue of $1.29 billion fell short of forecasts despite rising 16.2% year over year.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $290.41; shares traded at $176.13 in Friday’s session.

Generac Holdings Inc. (NYSE:GNRC - Get Free Report) insider Norman Taffe sold 300 shares of the stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $182.01, for a total value of $54,603.00. Following the transaction, the insider owned 10,676 shares of the company's stock, valued at approximately $1,943,138.76. This trade represents a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Generac Stock Up 2.2%

Shares of GNRC stock traded up $3.80 during mid-day trading on Friday, reaching $176.13. 1,269,848 shares of the company were exchanged, compared to its average volume of 1,107,329. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.06 and a current ratio of 1.97. The business's 50 day simple moving average is $198.24 and its 200 day simple moving average is $218.15. The company has a market capitalization of $10.39 billion, a P/E ratio of 34.88, a P/E/G ratio of 1.60 and a beta of 1.86. Generac Holdings Inc. has a fifty-two week low of $134.80 and a fifty-two week high of $296.44.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The technology company reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.14. Generac had a net margin of 6.52% and a return on equity of 18.78%. The firm had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.32 billion. During the same period in the prior year, the company posted $1.83 earnings per share. The firm's quarterly revenue was up 16.2% on a year-over-year basis. Research analysts predict that Generac Holdings Inc. will post 9.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Generac in a research report on Tuesday. Roth Capital boosted their target price on shares of Generac from $214.00 to $250.00 and gave the company a "neutral" rating in a research note on Thursday, September 17th. Zacks Research cut shares of Generac from a "strong-buy" rating to a "hold" rating in a report on Monday, September 28th. UBS Group restated a "buy" rating on shares of Generac in a research report on Friday, September 25th. Finally, Wall Street Zen raised shares of Generac from a "buy" rating to a "strong-buy" rating in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, Generac has an average rating of "Moderate Buy" and an average target price of $290.41.

Institutional Investors Weigh In On Generac

Several large investors have recently added to or reduced their stakes in GNRC. N.E.W. Advisory Services LLC bought a new stake in shares of Generac during the 2nd quarter worth about $25,000. Avalon Trust Co bought a new position in shares of Generac in the 1st quarter valued at approximately $32,000. Essential Partners LLC raised its stake in shares of Generac by 57.0% in 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. Jacobi Capital Management LLC acquired a new stake in Generac in the 3rd quarter worth approximately $35,000. Finally, Fiduciary Financial Advisors acquired a new stake in Generac in the 2nd quarter worth approximately $50,000. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Company Profile

Generac Holdings Inc is a technology and energy solutions company that designs and manufactures power generation equipment and other energy-related products. Its offerings include standby and portable generators, commercial and industrial power systems, energy storage solutions, and products that help customers manage and monitor energy use.

The company serves residential, commercial, industrial, and utility customers. Its products are used for backup power, prime power, and distributed energy applications across homes, businesses, data centers, healthcare facilities, construction sites, and other critical operations.

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