Generac (NYSE:GNRC) Insider Norman Taffe Sells 550 Shares

Generac Holdings Inc. (NYSE:GNRC) insider Norman Taffe sold 550 shares of the company’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $256.00, for a total value of $140,800.00. Following the completion of the transaction, the insider owned 15,808 shares of the company’s stock, valued at $4,046,848. This trade represents a 3.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Generac Stock Performance

Shares of GNRC stock opened at $235.94 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.99 and a current ratio of 2.03. The firm has a market cap of $13.89 billion, a price-to-earnings ratio of 73.96, a P/E/G ratio of 2.41 and a beta of 1.89. The firm’s 50-day simple moving average is $266.17 and its two-hundred day simple moving average is $215.81. Generac Holdings Inc. has a 52 week low of $134.80 and a 52 week high of $296.44.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, April 29th. The technology company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.47. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. Generac had a return on equity of 15.45% and a net margin of 4.37%.The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.26 EPS. As a group, equities analysts forecast that Generac Holdings Inc. will post 8.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GNRC. Robert W. Baird set a $311.00 target price on shares of Generac in a research note on Thursday, April 30th. Argus increased their price target on shares of Generac from $255.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Weiss Ratings upgraded shares of Generac from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 30th. Wells Fargo & Company lifted their price objective on shares of Generac from $238.00 to $280.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. lifted their price target on Generac from $229.00 to $267.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $284.18.

Institutional Trading of Generac

Institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC grew its holdings in shares of Generac by 6.2% during the 1st quarter. NewEdge Advisors LLC now owns 2,439 shares of the technology company’s stock worth $309,000 after acquiring an additional 142 shares during the period. Woodline Partners LP lifted its stake in shares of Generac by 40.9% in the 1st quarter. Woodline Partners LP now owns 5,036 shares of the technology company’s stock valued at $638,000 after purchasing an additional 1,463 shares during the period. First Trust Advisors LP boosted its position in shares of Generac by 27.6% during the second quarter. First Trust Advisors LP now owns 101,298 shares of the technology company’s stock valued at $14,507,000 after purchasing an additional 21,908 shares in the last quarter. Cerity Partners LLC grew its stake in Generac by 1.6% in the second quarter. Cerity Partners LLC now owns 50,550 shares of the technology company’s stock worth $7,239,000 after purchasing an additional 816 shares during the period. Finally, California Public Employees Retirement System grew its stake in Generac by 8.6% in the second quarter. California Public Employees Retirement System now owns 104,246 shares of the technology company’s stock worth $14,929,000 after purchasing an additional 8,213 shares during the period. 84.04% of the stock is currently 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.