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

Generac Holdings Inc. (NYSE:GNRC) CFO York A. Ragen sold 29,081 shares of Generac stock in a transaction dated 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 sale, the chief financial officer now owns 135,613 shares of the company’s stock, valued at approximately $25,051,789.49. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Generac Price Performance

Shares of Generac stock opened at $189.35 on Friday. The firm has a fifty day moving average price of $159.83 and a two-hundred day moving average price of $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 fifty-two week low of $101.15 and a fifty-two week high of $190.42. The company has a market cap 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 (NYSE:GNRC) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.64 earnings per share. Analysts expect that Generac Holdings Inc. will post 6.8 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. EntryPoint Capital LLC boosted its position 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 purchasing an additional 90 shares during the last quarter. Sunbelt Securities Inc. lifted its position in Generac by 97.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock valued at $27,000 after acquiring an additional 100 shares in the last quarter. SouthState Corp acquired a new position in shares of Generac during the third quarter worth about $32,000. Capital Advisors Ltd. LLC grew its holdings 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 worth $34,000 after buying an additional 220 shares in the last quarter. Finally, Blue Trust Inc. raised its position in Generac by 73.5% in the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock valued at $36,000 after buying an additional 97 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on GNRC shares. Northland Securities lifted their price target on shares of Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Roth Mkm lifted their price objective on Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Robert W. Baird dropped their price target on shares of Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. JPMorgan Chase & Co. upped their target price on shares of Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, Scotiabank upped their price objective on Generac from $147.00 to $160.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Generac presently has a consensus rating of “Moderate Buy” and an average price target of $169.10.

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.