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

Generac Holdings Inc. (NYSE:GNRC) 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) 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.

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

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.