Generac Holdings Inc. (NYSE:GNRC) fell 6.7% during mid-day trading on Tuesday after an insider sold shares in the company. The company traded as low as $52.06 and last traded at $52.41. 593,962 shares traded hands during trading, an increase of 22% from the average session volume of 488,290 shares. The stock had previously closed at $56.20.

Specifically, EVP Patrick John Forsythe sold 45,150 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $57.05, for a total transaction of $2,575,807.50. Following the sale, the executive vice president now directly owns 25,835 shares of the company’s stock, valued at $1,473,886.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Aaron Jagdfeld sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $51.39, for a total value of $1,027,800.00. The disclosure for this sale can be found here. Insiders sold 141,150 shares of company stock worth $7,829,448 over the last ninety days. Insiders own 3.00% of the company’s stock.

GNRC has been the topic of several analyst reports. Goldman Sachs Group raised Generac from a “sell” rating to a “neutral” rating in a research note on Thursday, October 18th. ValuEngine raised Generac from a “sell” rating to a “hold” rating in a research note on Friday, November 16th. Robert W. Baird upped their target price on Generac from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, November 2nd. KeyCorp upped their target price on Generac from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Thursday, September 13th. Finally, Canaccord Genuity upped their target price on Generac from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Tuesday, September 11th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $56.98.

The company has a market cap of $3.53 billion, a P/E ratio of 15.41, a P/E/G ratio of 1.86 and a beta of 1.35. The company has a quick ratio of 0.98, a current ratio of 1.88 and a debt-to-equity ratio of 1.23.

Generac (NYSE:GNRC) last released its earnings results on Thursday, November 1st. The technology company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.35. The firm had revenue of $559.52 million for the quarter, compared to analysts’ expectations of $502.94 million. Generac had a return on equity of 47.44% and a net margin of 12.45%. The company’s quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 earnings per share. As a group, equities analysts predict that Generac Holdings Inc. will post 4.66 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in Generac by 277.1% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 40,390 shares of the technology company’s stock worth $2,089,000 after buying an additional 29,680 shares during the period. Smith Asset Management Group LP lifted its holdings in Generac by 3.5% during the second quarter. Smith Asset Management Group LP now owns 51,856 shares of the technology company’s stock worth $2,683,000 after buying an additional 1,750 shares during the period. Wells Fargo & Company MN lifted its holdings in Generac by 10.0% during the second quarter. Wells Fargo & Company MN now owns 271,864 shares of the technology company’s stock worth $14,063,000 after buying an additional 24,747 shares during the period. First Trust Advisors LP lifted its holdings in Generac by 14.4% during the second quarter. First Trust Advisors LP now owns 192,326 shares of the technology company’s stock worth $9,949,000 after buying an additional 24,157 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in Generac by 15.9% during the second quarter. Victory Capital Management Inc. now owns 7,870 shares of the technology company’s stock worth $407,000 after buying an additional 1,081 shares during the period. Hedge funds and other institutional investors own 94.88% of the company’s stock.

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About Generac (NYSE:GNRC)

Generac Holdings Inc designs, manufactures, and sells power generation equipment and other engine powered products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.

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