Generac Holdings Inc. (NYSE:GNRC) CFO York A. Ragen Sells 29,081 Shares

by · The Cerbat Gem

Generac Holdings Inc. (NYSE:GNRC – Get Free Report) CFO York A. Ragen sold 29,081 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the transaction, the chief financial officer now directly owns 135,613 shares in the company, valued at approximately $25,051,789.49. 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 accessible through the SEC website.

Generac Stock Performance

GNRC stock opened at $189.35 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03. Generac Holdings Inc. has a 1 year low of $101.15 and a 1 year high of $190.42. The stock’s fifty day moving average is $159.83 and its two-hundred day moving average is $149.91. The stock has a market capitalization of $11.27 billion, a price-to-earnings ratio of 39.28, a PEG ratio of 2.25 and a beta of 1.37.

Generac (NYSE:GNRC – Get Free Report) last posted its earnings results on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, topping the consensus estimate of $1.98 by $0.27. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. Generac’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.64 EPS. On average, research analysts predict that Generac Holdings Inc. will post 6.8 EPS for the current year.

Analyst Ratings Changes

GNRC has been the topic of a number of recent analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $175.00 price objective (up previously from $145.00) on shares of Generac in a report on Thursday, August 1st. Citigroup raised their price objective on Generac from $128.00 to $172.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Stephens reiterated an “overweight” rating and set a $200.00 target price on shares of Generac in a research note on Monday, August 5th. Piper Sandler upped their price target on shares of Generac from $175.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Generac has a consensus rating of “Moderate Buy” and a consensus price target of $169.10.

View Our Latest Stock Analysis on Generac

Institutional Trading of Generac

Hedge funds have recently added to or reduced their stakes in the business. EntryPoint Capital LLC raised its position in shares of Generac by 73.2% during the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after buying an additional 90 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in Generac by 97.1% during the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after purchasing an additional 100 shares in the last quarter. SouthState Corp acquired a new stake in Generac in the third quarter worth approximately $32,000. Capital Advisors Ltd. LLC boosted its stake in Generac by 611.1% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock valued at $34,000 after purchasing an additional 220 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Generac by 73.5% in the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock worth $36,000 after buying an additional 97 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

About Generac

(Get Free Report)

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.

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