Generac Holdings Inc. (NYSE:GNRC) Director Nam Tran Nguyen Sells 546 Shares

Generac Holdings Inc. (NYSE:GNRC - Get Free Report) Director Nam Tran Nguyen sold 546 shares of Generac stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $140.55, for a total transaction of $76,740.30. Following the completion of the sale, the director now directly owns 3,512 shares in the company, valued at approximately $493,611.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Generac Trading Up 2.1 %

NYSE:GNRC traded up $2.94 during trading hours on Tuesday, hitting $143.01. The company had a trading volume of 887,692 shares, compared to its average volume of 1,076,122. Generac Holdings Inc. has a 52 week low of $79.86 and a 52 week high of $156.95. The company has a market capitalization of $8.67 billion, a PE ratio of 38.59, a price-to-earnings-growth ratio of 1.88 and a beta of 1.41. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.29 and a quick ratio of 0.97. The stock has a 50-day moving average price of $127.56 and a 200 day moving average price of $120.48.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.72 by $0.16. The business had revenue of $889.27 million for the quarter, compared to analyst estimates of $886.60 million. Generac had a net margin of 5.68% and a return on equity of 14.68%. Generac's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.63 earnings per share. On average, equities research analysts predict that Generac Holdings Inc. will post 6.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Generac

Several institutional investors have recently modified their holdings of GNRC. Ariel Investments LLC grew its stake in shares of Generac by 14.9% in the third quarter. Ariel Investments LLC now owns 2,010,344 shares of the technology company's stock worth $219,047,000 after acquiring an additional 261,050 shares during the period. Invesco Ltd. lifted its position in Generac by 9.9% during the third quarter. Invesco Ltd. now owns 1,633,226 shares of the technology company's stock valued at $177,956,000 after purchasing an additional 147,523 shares during the period. Capital World Investors bought a new position in Generac during the fourth quarter valued at approximately $155,707,000. Impax Asset Management Group plc lifted its position in Generac by 3.3% during the third quarter. Impax Asset Management Group plc now owns 1,172,742 shares of the technology company's stock valued at $127,151,000 after purchasing an additional 37,846 shares during the period. Finally, Northern Trust Corp increased its holdings in Generac by 9.0% during the third quarter. Northern Trust Corp now owns 673,384 shares of the technology company's stock valued at $73,372,000 after buying an additional 55,812 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on GNRC. OTR Global upgraded Generac from a "mixed" rating to a "positive" rating in a research note on Tuesday, April 2nd. Roth Mkm upped their target price on shares of Generac from $120.00 to $135.00 and gave the stock a "neutral" rating in a report on Tuesday, April 23rd. UBS Group cut their price target on shares of Generac from $160.00 to $150.00 and set a "buy" rating for the company in a report on Thursday, February 15th. Citigroup upped their price target on shares of Generac from $124.00 to $128.00 and gave the stock a "neutral" rating in a report on Monday, February 12th. Finally, Robert W. Baird lifted their price objective on Generac from $112.00 to $129.00 and gave the company a "neutral" rating in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $142.40.

About Generac

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.

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