Insider Selling: Generac Holdings Inc. (NYSE:GNRC) EVP Sells 3,187 Shares of Stock

Generac Holdings Inc. (NYSE:GNRC) EVP Rajendra Kumar Kanuru sold 3,187 shares of Generac stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total transaction of $585,069.46. Following the transaction, the executive vice president now owns 10,738 shares in the company, valued at approximately $1,971,282.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Generac Stock Up 1.4 %

Shares of NYSE GNRC opened at $189.35 on Friday. Generac Holdings Inc. has a 12-month low of $101.15 and a 12-month high of $190.42. The firm has a market cap of $11.27 billion, a PE ratio of 39.28, a P/E/G ratio of 2.25 and a beta of 1.37. The company’s fifty day simple moving average is $159.83 and its 200 day simple moving average is $150.01. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.27. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.64 earnings per share. As a group, sell-side analysts forecast that Generac Holdings Inc. will post 6.8 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. William Blair Investment Management LLC purchased a new position in shares of Generac in the second quarter worth $98,282,000. Jennison Associates LLC bought a new position in Generac in the 3rd quarter worth approximately $45,722,000. International Assets Investment Management LLC boosted its position in shares of Generac by 25,311.7% during the 3rd quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company’s stock valued at $42,433,000 after acquiring an additional 266,026 shares during the last quarter. Stephens Investment Management Group LLC lifted its position in Generac by 678.5% in the third quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company’s stock worth $30,560,000 after buying an additional 167,641 shares during the last quarter. Finally, Blair William & Co. IL increased its stake in Generac by 29.2% in the second quarter. Blair William & Co. IL now owns 457,475 shares of the technology company’s stock worth $60,487,000 after purchasing an additional 103,439 shares during the period. 84.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Stephens restated an “overweight” rating and set a $200.00 price target on shares of Generac in a report on Monday, August 5th. Northland Securities upped their price objective on shares of Generac from $160.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Roth Mkm increased their price objective on shares of Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Scotiabank increased their price objective on shares of Generac from $147.00 to $160.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. Finally, Wells Fargo & Company increased their price target on shares of Generac from $139.00 to $156.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $169.10.

About Generac

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.