Insider Selling: Generac (NYSE:GNRC) CFO Sells $5,739,930.82 in Stock

Generac Holdings Inc. (NYSE:GNRC) CFO York Ragen sold 24,362 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $235.61, for a total transaction of $5,739,930.82. Following the completion of the sale, the chief financial officer owned 137,182 shares in the company, valued at $32,321,451.02. The trade was a 15.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Generac Trading Down 4.1%

Generac stock opened at $224.76 on Monday. The firm has a market cap of $13.19 billion, a price-to-earnings ratio of 83.86, a price-to-earnings-growth ratio of 1.64 and a beta of 1.74. Generac Holdings Inc. has a 1 year low of $99.50 and a 1 year high of $241.09. The firm’s 50 day moving average price is $176.42 and its two-hundred day moving average price is $172.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.00 and a current ratio of 2.03.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, February 11th. The technology company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($0.20). Generac had a return on equity of 14.55% and a net margin of 3.79%.The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the business earned $2.80 earnings per share. The business’s revenue was down 11.6% compared to the same quarter last year. On average, research analysts predict that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GNRC has been the topic of a number of recent analyst reports. Canaccord Genuity Group set a $275.00 price target on shares of Generac in a report on Thursday, February 12th. Robert W. Baird set a $292.00 target price on Generac in a report on Thursday, February 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Generac in a report on Thursday, January 22nd. Citigroup raised Generac from a “neutral” rating to a “buy” rating and set a $207.00 price objective for the company in a research note on Thursday, January 8th. Finally, Needham & Company LLC started coverage on Generac in a research note on Monday, January 12th. They set a “buy” rating and a $211.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $220.19.

Hedge Funds Weigh In On Generac

A number of hedge funds have recently added to or reduced their stakes in GNRC. Nicollet Investment Management Inc. lifted its stake in Generac by 0.7% in the fourth quarter. Nicollet Investment Management Inc. now owns 7,734 shares of the technology company’s stock valued at $1,055,000 after acquiring an additional 50 shares during the last quarter. Gen Wealth Partners Inc boosted its holdings in Generac by 8.7% in the fourth quarter. Gen Wealth Partners Inc now owns 675 shares of the technology company’s stock worth $92,000 after purchasing an additional 54 shares in the last quarter. New York Life Investment Management LLC increased its position in Generac by 0.7% during the second quarter. New York Life Investment Management LLC now owns 7,924 shares of the technology company’s stock worth $1,135,000 after buying an additional 58 shares during the last quarter. Wilmington Savings Fund Society FSB raised its holdings in Generac by 21.7% during the third quarter. Wilmington Savings Fund Society FSB now owns 331 shares of the technology company’s stock valued at $55,000 after buying an additional 59 shares in the last quarter. Finally, Meridian Financial Partners LLC lifted its position in shares of Generac by 0.6% in the fourth 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 last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Company Profile

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.