Generac Holdings Inc. (NYSE:GNRC - Get Free Report) CFO York A. Ragen sold 29,081 shares of Generac stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total value of $5,372,133.13. Following the sale, the chief financial officer now directly owns 135,613 shares in the company, valued at approximately $25,051,789.49. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Generac Trading Up 1.4 %
NYSE GNRC traded up $2.64 on Friday, hitting $189.35. 852,525 shares of the stock were exchanged, compared to its average volume of 913,033. The company's 50-day moving average price is $159.83 and its two-hundred day moving average price is $150.01. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. Generac Holdings Inc. has a 52-week low of $101.15 and a 52-week high of $190.42. The company has a market capitalization of $11.27 billion, a price-to-earnings ratio of 39.28, a P/E/G ratio of 2.25 and a beta of 1.37.
Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, beating analysts' consensus estimates of $1.98 by $0.27. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. Generac had a return on equity of 16.70% and a net margin of 7.17%. Generac's revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.64 earnings per share. Research analysts predict that Generac Holdings Inc. will post 6.8 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on GNRC shares. Piper Sandler raised their price target on Generac from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Thursday, October 17th. StockNews.com upgraded shares of Generac from a "hold" rating to a "buy" rating in a research report on Monday, October 28th. JPMorgan Chase & Co. increased their price objective on shares of Generac from $160.00 to $178.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. TD Cowen boosted their target price on Generac from $172.00 to $183.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Finally, Stifel Nicolaus reaffirmed a "buy" rating and set a $175.00 price target (up from $145.00) on shares of Generac in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $169.10.
Check Out Our Latest Report on Generac
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Willis Investment Counsel grew its holdings in shares of Generac by 18.7% during the 3rd quarter. Willis Investment Counsel now owns 105,007 shares of the technology company's stock valued at $16,684,000 after acquiring an additional 16,541 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Generac by 85.9% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,021 shares of the technology company's stock valued at $928,000 after purchasing an additional 3,244 shares in the last quarter. Epoch Investment Partners Inc. acquired a new position in Generac in the 1st quarter worth about $1,053,000. Nwam LLC raised its stake in shares of Generac by 135.8% during the 1st quarter. Nwam LLC now owns 5,629 shares of the technology company's stock worth $768,000 after purchasing an additional 3,242 shares in the last quarter. Finally, Natixis lifted its holdings in shares of Generac by 716.5% during the 1st quarter. Natixis now owns 1,135 shares of the technology company's stock valued at $143,000 after buying an additional 996 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.
Generac Company Profile
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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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