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 value of $5,739,930.82. Following the transaction, the chief financial officer directly owned 137,182 shares in the company, valued at $32,321,451.02. This trade represents a 15.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Generac Stock Down 4.1%

GNRC traded down $9.59 during trading on Friday, reaching $224.76. 1,124,988 shares of the stock were exchanged, compared to its average volume of 1,269,892. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.00 and a current ratio of 2.03. The stock’s 50 day moving average price is $174.70 and its two-hundred day moving average price is $173.13. Generac Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $241.09. The stock has a market cap of $13.19 billion, a P/E ratio of 83.86, a price-to-earnings-growth ratio of 1.72 and a beta of 1.85.

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 firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the firm earned $2.80 earnings per share. The firm’s revenue for the quarter was down 11.6% on a year-over-year basis. Equities analysts expect that Generac Holdings Inc. will post 8 EPS for the current year.

Analysts Set New Price Targets

GNRC has been the topic of a number of research analyst reports. Robert W. Baird set a $292.00 price target on Generac in a research note on Thursday, February 12th. UBS Group restated a “buy” rating and set a $270.00 target price on shares of Generac in a research note on Friday, February 13th. Guggenheim reiterated a “neutral” rating and set a $202.00 target price on shares of Generac in a research note on Tuesday, February 10th. Wells Fargo & Company lifted their price target on Generac from $185.00 to $234.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Finally, Stifel Nicolaus set a $235.00 price objective on Generac in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $220.19.

Hedge Funds Weigh In On Generac

Hedge funds have recently added to or reduced their stakes in the stock. MidFirst Bank bought a new stake in shares of Generac during the 4th quarter valued at $580,000. Pacer Advisors Inc. lifted its position in Generac by 16.7% during the fourth quarter. Pacer Advisors Inc. now owns 5,548 shares of the technology company’s stock worth $757,000 after purchasing an additional 794 shares during the period. Virtu Financial LLC grew its stake in Generac by 89.2% during the fourth quarter. Virtu Financial LLC now owns 30,377 shares of the technology company’s stock worth $4,143,000 after buying an additional 14,321 shares in the last quarter. Invesco Ltd. increased its holdings in Generac by 49.9% in the 4th quarter. Invesco Ltd. now owns 2,423,971 shares of the technology company’s stock valued at $330,557,000 after buying an additional 806,430 shares during the period. Finally, Vident Advisory LLC raised its position in shares of Generac by 5.6% in the 4th quarter. Vident Advisory LLC now owns 2,800 shares of the technology company’s stock valued at $382,000 after buying an additional 149 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

About Generac

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.