Generac Holdings Inc. (NYSE:GNRC - Get Free Report) EVP Rajendra Kumar Kanuru sold 3,187 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total value of $585,069.46. Following the sale, the executive vice president now owns 10,738 shares in the company, valued at $1,971,282.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Generac Stock Up 1.4 %
NYSE GNRC traded up $2.64 during trading hours on Friday, hitting $189.35. The company's stock had a trading volume of 852,525 shares, compared to its average volume of 913,033. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. The company's 50-day simple moving average is $159.83 and its two-hundred day simple moving average is $150.01. The company has a market capitalization of $11.27 billion, a PE ratio of 39.28, a price-to-earnings-growth ratio of 2.25 and a beta of 1.37. Generac Holdings Inc. has a 52 week low of $101.15 and a 52 week high of $190.42.
Generac (NYSE:GNRC - Get Free Report) last posted its 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. Generac had a return on equity of 16.70% and a net margin of 7.17%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the company earned $1.64 earnings per share. The company's revenue for the quarter was up 9.6% on a year-over-year basis. Research analysts anticipate that Generac Holdings Inc. will post 6.8 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on GNRC shares. Northland Securities boosted their target price on shares of Generac from $160.00 to $180.00 and gave the stock an "outperform" rating in a report on Thursday, August 1st. Scotiabank increased their price objective on Generac from $147.00 to $160.00 and gave the company a "sector perform" rating in a report on Monday, July 29th. JPMorgan Chase & Co. lifted their target price on Generac from $160.00 to $178.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Stephens reissued an "overweight" rating and issued a $200.00 price target on shares of Generac in a research note on Monday, August 5th. Finally, Truist Financial increased their target price on shares of Generac from $170.00 to $210.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Generac currently has an average rating of "Moderate Buy" and an average price target of $169.10.
Check Out Our Latest Analysis on Generac
Institutional Trading of Generac
Several institutional investors have recently made changes to their positions in the company. SouthState Corp bought a new position in shares of Generac during the third quarter valued at about $32,000. Sunbelt Securities Inc. lifted its position in shares of Generac by 97.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company's stock worth $27,000 after buying an additional 100 shares in the last quarter. EntryPoint Capital LLC boosted its stake in shares of Generac by 73.2% in 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 during the last quarter. Blue Trust Inc. grew its holdings in shares of Generac by 73.5% in the third quarter. Blue Trust Inc. now owns 229 shares of the technology company's stock valued at $36,000 after acquiring an additional 97 shares in the last quarter. Finally, Capital Advisors Ltd. LLC increased its position in shares of Generac by 611.1% during the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company's stock valued at $34,000 after acquiring an additional 220 shares during the last quarter. Institutional investors own 84.04% of the company's stock.
About Generac
(
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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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