Generac (NYSE:GNRC) Trading Down 4.5% - Time to Sell?

Generac Holdings Inc. (NYSE:GNRC - Get Free Report) shares were down 4.5% during trading on Tuesday . The stock traded as low as $149.17 and last traded at $148.26. Approximately 215,725 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 670,078 shares. The stock had previously closed at $155.30.

Analysts Set New Price Targets

A number of research firms have issued reports on GNRC. Robert W. Baird cut their target price on shares of Generac from $187.00 to $181.00 and set a "neutral" rating for the company in a research report on Friday, November 1st. Truist Financial reduced their price objective on Generac from $210.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Barclays assumed coverage on Generac in a research report on Wednesday, December 4th. They issued an "equal weight" rating and a $189.00 target price on the stock. Stifel Nicolaus boosted their price target on Generac from $185.00 to $210.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. increased their price objective on Generac from $160.00 to $178.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. One equities 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 data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $174.30.

Generac Trading Down 4.1 %

The stock has a market cap of $8.86 billion, a price-to-earnings ratio of 30.91, a P/E/G ratio of 1.60 and a beta of 1.42. The business has a 50-day simple moving average of $167.45 and a two-hundred day simple moving average of $161.62. 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 (NYSE:GNRC - Get Free Report) last released its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.27. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Generac had a return on equity of 16.70% and a net margin of 7.17%. Generac's revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.64 earnings per share. As a group, research analysts forecast that Generac Holdings Inc. will post 6.91 EPS for the current year.

Insider Activity at Generac

In related news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total transaction of $585,069.46. Following the sale, the executive vice president now owns 10,738 shares of the company's stock, valued at $1,971,282.04. This represents a 22.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO York A. Ragen sold 29,081 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $184.73, for a total value of $5,372,133.13. Following the completion of the transaction, the chief financial officer now owns 135,613 shares in the company, valued at $25,051,789.49. The trade was a 17.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,268 shares of company stock worth $7,577,703. Company insiders own 2.90% of the company's stock.

Institutional Investors Weigh In On Generac

A number of hedge funds have recently made changes to their positions in the stock. Jennison Associates LLC increased its stake in shares of Generac by 133.6% in the fourth quarter. Jennison Associates LLC now owns 672,213 shares of the technology company's stock valued at $104,227,000 after buying an additional 384,434 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Generac by 114.8% during the third quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company's stock valued at $88,944,000 after acquiring an additional 299,205 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Generac by 25,311.7% in the third quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company's stock worth $42,433,000 after purchasing an additional 266,026 shares during the last quarter. Stephens Investment Management Group LLC increased its holdings in Generac by 678.5% in the third quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company's stock valued at $30,560,000 after purchasing an additional 167,641 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Generac by 498.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 126,121 shares of the technology company's stock valued at $19,555,000 after purchasing an additional 105,063 shares during the period. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Company Profile

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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