Key Points
- CFO York Ragen sold 24,362 shares on Feb. 25 at an average price of $235.61 for about $5.74 million, reducing his stake to 137,182 shares (a 15.08% decrease); the sale was disclosed in an SEC filing.
- Generac missed its latest quarter with $1.61 EPS vs. $1.81 expected and revenue of $1.09 billion (vs. $1.16 billion estimated), with revenue down 11.6% year-over-year.
- Wall Street sentiment is cautiously positive with a consensus rating of “Moderate Buy” and a consensus price target of $220.19, while individual targets range roughly from $207 to $270.
Generac Holdings Inc. (NYSE:GNRC - Get Free Report) CFO York Ragen sold 24,362 shares of the business's stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $235.61, for a total value of $5,739,930.82. Following the transaction, the chief financial officer owned 137,182 shares of the company's stock, valued at $32,321,451.02. This represents a 15.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Generac Price Performance
Shares of GNRC opened at $224.76 on Friday. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $241.09. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.03 and a quick ratio of 1.00. The stock has a fifty day moving average price of $176.42 and a 200 day moving average price of $173.33. The company has a market cap of $13.19 billion, a P/E ratio of 83.86, a PEG ratio of 1.71 and a beta of 1.85.
Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 11th. The technology company reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.20). Generac had a net margin of 3.79% and a return on equity of 14.55%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the firm posted $2.80 EPS. The business's revenue was down 11.6% compared to the same quarter last year. On average, research analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current year.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on GNRC. UBS Group reiterated a "buy" rating and set a $270.00 price objective on shares of Generac in a research report on Friday, February 13th. Barclays boosted their price target on Generac from $186.00 to $213.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 12th. Citigroup raised Generac from a "neutral" rating to a "buy" rating and set a $207.00 price target for the company in a research note on Thursday, January 8th. Stifel Nicolaus set a $235.00 price objective on shares of Generac in a research note on Thursday, February 12th. Finally, Roth Mkm reiterated a "neutral" rating and issued a $220.00 target price on shares of Generac in a research report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $220.19.
Get Our Latest Stock Analysis on Generac
Institutional Investors Weigh In On Generac
Hedge funds and other institutional investors have recently bought and sold shares of the business. MidFirst Bank acquired a new stake in Generac in the 4th quarter valued at about $580,000. Pacer Advisors Inc. grew its stake in shares of Generac by 16.7% in the 4th quarter. Pacer Advisors Inc. now owns 5,548 shares of the technology company's stock worth $757,000 after purchasing an additional 794 shares during the last quarter. Virtu Financial LLC raised its holdings in shares of Generac by 89.2% in the 4th quarter. Virtu Financial LLC now owns 30,377 shares of the technology company's stock worth $4,143,000 after purchasing an additional 14,321 shares in the last quarter. Invesco Ltd. lifted its stake in Generac by 49.9% during the fourth quarter. Invesco Ltd. now owns 2,423,971 shares of the technology company's stock valued at $330,557,000 after purchasing an additional 806,430 shares during the last quarter. Finally, Vident Advisory LLC boosted its holdings in Generac by 5.6% during the fourth quarter. Vident Advisory LLC now owns 2,800 shares of the technology company's stock worth $382,000 after buying an additional 149 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors.
Generac Company Profile
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Get Free Report)
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.
Further Reading
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