Kyle Andrew Raabe Sells 586 Shares of Generac (NYSE:GNRC) Stock

Key Points

• Generac insider Kyle Andrew Raabe sold 586 shares at an average price of $213.35, generating $125,023.10. The transaction reduced his ownership by 5.17%, leaving him with 10,746 shares, and was conducted under a Rule 10b5-1 trading plan.
• Generac shares recently traded at $206.29, below their 50-day and 200-day moving averages. The company reported quarterly EPS of $2.91, beating estimates of $2.01, while revenue rose 10.3% year over year to $1.17 billion.
• Analysts maintain a “Moderate Buy” consensus on GNRC, with an average price target of $284.84. Institutional investors own approximately 84.04% of the company’s outstanding shares.

Generac Holdings Inc. (NYSE:GNRC - Get Free Report) insider Kyle Andrew Raabe sold 586 shares of the firm's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $213.35, for a total value of $125,023.10. Following the completion of the transaction, the insider owned 10,746 shares of the company's stock, valued at approximately $2,292,659.10. The trade was a 5.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Generac Stock Performance

Shares of Generac stock traded down $5.93 on Monday, reaching $206.29. 627,844 shares of the stock were exchanged, compared to its average volume of 1,051,375. The business has a 50 day moving average price of $244.18 and a two-hundred day moving average price of $226.68. The firm has a market capitalization of $12.17 billion, a price-to-earnings ratio of 47.53, a PEG ratio of 1.82 and a beta of 1.92. Generac Holdings Inc. has a twelve month low of $134.80 and a twelve month high of $296.44. 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 - Get Free Report) last posted its quarterly 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 net margin of 5.82% and a return on equity of 17.83%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the firm posted $1.65 EPS. Generac's revenue for the quarter was up 10.3% compared to the same quarter last year. Analysts anticipate that Generac Holdings Inc. will post 9.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on GNRC. Wells Fargo & Company upped their price target on shares of Generac from $238.00 to $280.00 and gave the company an "overweight" rating in a report on Friday, May 1st. Argus boosted their price objective on Generac from $255.00 to $290.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Canaccord Genuity Group lowered their target price on Generac from $325.00 to $275.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Cantor Fitzgerald raised their target price on Generac from $325.00 to $333.00 and gave the stock an "overweight" rating in a report on Thursday, July 30th. Finally, TD Cowen reiterated a "buy" rating on shares of Generac in a research report on Monday, July 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $284.84.

Institutional Investors Weigh In On Generac

Several hedge funds have recently modified their holdings of the company. NewEdge Wealth LLC purchased a new position in shares of Generac in the 2nd quarter valued at about $698,000. Compass Wealth Management LLC purchased a new stake in shares of Generac in the second quarter valued at approximately $293,000. Danske Bank A S acquired a new position in shares of Generac during the 2nd quarter worth approximately $123,000. Diversify Advisory Services LLC purchased a new position in shares of Generac during the 2nd quarter valued at approximately $1,930,000. Finally, Wealthfront Advisers LLC acquired a new stake in Generac in the 2nd quarter valued at $511,000. 84.04% of the stock is owned by hedge funds and other 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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