Key Points
- Generac insider Kyle Andrew Raabe sold 586 shares at an average price of $213.35, generating $125,023.10. His remaining direct ownership fell 5.17% to 10,746 shares, under a pre-arranged Rule 10b5-1 trading plan.
- Generac’s latest quarterly results surpassed expectations, with EPS of $2.91 versus the $2.01 consensus estimate and revenue of $1.17 billion. Revenue increased 10.3% year over year, though the stock opened at $206.29, below its 50-day and 200-day moving averages.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $284.84; targets cited in the report range from $267 to $340. Institutional investors own approximately 84.04% of the company.
Generac Holdings Inc. (NYSE:GNRC - Get Free Report) insider Kyle Andrew Raabe sold 586 shares of Generac stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $213.35, for a total transaction of $125,023.10. Following the transaction, the insider directly owned 10,746 shares in the company, valued at $2,292,659.10. This trade represents a 5.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Generac Price Performance
Shares of Generac stock opened at $206.29 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 2.04. Generac Holdings Inc. has a 52-week low of $134.80 and a 52-week high of $296.44. The company has a fifty day moving average of $242.92 and a 200-day moving average of $226.99. The stock has a market capitalization of $12.17 billion, a price-to-earnings ratio of 47.53, a price-to-earnings-growth ratio of 1.82 and a beta of 1.92.
Generac (NYSE:GNRC - Get Free Report) last issued its earnings results on Wednesday, July 29th. The technology company reported $2.91 EPS for the quarter, topping analysts' consensus estimates of $2.01 by $0.90. The company had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.18 billion. Generac had a net margin of 5.82% and a return on equity of 17.83%. The firm's revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.65 EPS. Equities research analysts expect that Generac Holdings Inc. will post 9.72 EPS for the current year.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on GNRC shares. Jefferies Financial Group reissued a "buy" rating on shares of Generac in a research note on Wednesday, June 3rd. Raymond James Financial set a $302.00 price target on Generac in a research note on Friday, May 22nd. Barclays lowered their price objective on Generac from $285.00 to $278.00 and set an "equal weight" rating for the company in a research report on Thursday, July 30th. JPMorgan Chase & Co. raised their target price on shares of Generac from $229.00 to $267.00 and gave the stock an "overweight" rating in a report on Thursday, April 30th. Finally, UBS Group lifted their target price on shares of Generac from $335.00 to $340.00 and gave the stock a "buy" rating in a research note on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $284.84.
Check Out Our Latest Research Report on GNRC
Hedge Funds Weigh In On Generac
Hedge funds and other institutional investors have recently made changes to their positions in the business. N.E.W. Advisory Services LLC bought a new stake in Generac in the second quarter valued at $25,000. MUFG Securities EMEA plc bought a new position in Generac in the 2nd quarter worth $25,000. Caitong International Asset Management Co. Ltd bought a new position in Generac in the 3rd quarter worth $26,000. Avalon Trust Co purchased a new stake in shares of Generac in the 1st quarter worth about $32,000. Finally, Essential Partners LLC lifted its position in shares of Generac by 57.0% in the 1st quarter. Essential Partners LLC now owns 168 shares of the technology company's stock worth $33,000 after purchasing an additional 61 shares during the period. Institutional investors own 84.04% of the company's stock.
About Generac
(
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.
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