Generac Holdings Inc. (NYSE:GNRC - Get Free Report) insider Norman Taffe sold 550 shares of the company's stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $272.26, for a total value of $149,743.00. Following the completion of the sale, the insider directly owned 16,108 shares of the company's stock, valued at approximately $4,385,564.08. This trade represents a 3.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Generac Price Performance
NYSE GNRC opened at $265.47 on Tuesday. The business has a 50 day simple moving average of $238.81 and a 200 day simple moving average of $198.82. Generac Holdings Inc. has a 52-week low of $123.66 and a 52-week high of $294.18. 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 stock has a market cap of $15.63 billion, a price-to-earnings ratio of 83.22, a PEG ratio of 2.45 and a beta of 1.93.
Generac (NYSE:GNRC - Get Free Report) last posted its earnings results on Wednesday, April 29th. The technology company reported $1.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.33 by $0.47. Generac had a return on equity of 15.45% and a net margin of 4.37%.The business had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.05 billion. During the same period in the prior year, the business earned $1.26 EPS. Generac's revenue for the quarter was up 12.5% compared to the same quarter last year. Analysts anticipate that Generac Holdings Inc. will post 8.91 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on GNRC shares. Barclays increased their target price on Generac from $213.00 to $228.00 and gave the stock an "equal weight" rating in a research note on Friday, March 27th. Robert W. Baird set a $311.00 price objective on Generac in a report on Thursday, April 30th. Wall Street Zen raised Generac from a "hold" rating to a "strong-buy" rating in a report on Saturday, May 9th. Needham & Company LLC reaffirmed a "buy" rating on shares of Generac in a report on Tuesday, June 2nd. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of Generac in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Generac presently has an average rating of "Moderate Buy" and an average target price of $276.88.
View Our Latest Stock Analysis on Generac
Institutional Investors Weigh In On Generac
Several hedge funds have recently added to or reduced their stakes in GNRC. Nicollet Investment Management Inc. increased its position in Generac by 0.7% during the 4th quarter. Nicollet Investment Management Inc. now owns 7,734 shares of the technology company's stock worth $1,055,000 after buying an additional 50 shares during the period. Root Financial Partners LLC increased its position in Generac by 32.9% during the 1st quarter. Root Financial Partners LLC now owns 218 shares of the technology company's stock worth $43,000 after buying an additional 54 shares during the period. Gen Wealth Partners Inc increased its position in Generac by 8.7% during the 4th quarter. Gen Wealth Partners Inc now owns 675 shares of the technology company's stock worth $92,000 after buying an additional 54 shares during the period. Meridian Financial Partners LLC increased its position in Generac by 0.6% during the 4th quarter. Meridian Financial Partners LLC now owns 10,056 shares of the technology company's stock worth $1,371,000 after buying an additional 61 shares during the period. Finally, Essential Partners LLC increased its position in Generac by 57.0% during the 1st quarter. Essential Partners LLC now owns 168 shares of the technology company's stock worth $33,000 after buying an additional 61 shares during the period. Institutional investors and hedge funds own 84.04% of the company's stock.
Generac Company Profile
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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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