Generac Holdings Inc. (NYSE:GNRC) EVP Erik Wilde Sells 4,384 Shares

Generac Holdings Inc. (NYSE:GNRC) EVP Erik Wilde sold 4,384 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $154.04, for a total value of $675,311.36. Following the completion of the sale, the executive vice president now directly owns 17,897 shares in the company, valued at $2,756,853.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Generac Trading Up 3.1 %

NYSE:GNRC traded up $4.52 on Friday, reaching $148.66. The company’s stock had a trading volume of 873,086 shares, compared to its average volume of 1,123,742. Generac Holdings Inc. has a 12-month low of $79.86 and a 12-month high of $156.95. The company has a quick ratio of 0.97, a current ratio of 2.29 and a debt-to-equity ratio of 0.61. The firm has a market cap of $9.01 billion, a price-to-earnings ratio of 40.95, a price-to-earnings-growth ratio of 1.97 and a beta of 1.41. The stock has a 50 day moving average price of $133.62 and a 200 day moving average price of $123.49.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, May 1st. The technology company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.16. Generac had a return on equity of 14.68% and a net margin of 5.68%. The company had revenue of $889.27 million for the quarter, compared to the consensus estimate of $886.60 million. During the same quarter in the previous year, the business earned $0.63 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities analysts anticipate that Generac Holdings Inc. will post 6.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Generac

Several institutional investors and hedge funds have recently modified their holdings of GNRC. Daiwa Securities Group Inc. lifted its stake in Generac by 8.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 5,153 shares of the technology company’s stock worth $561,000 after acquiring an additional 400 shares in the last quarter. California Public Employees Retirement System lifted its stake in Generac by 2.6% during the 3rd quarter. California Public Employees Retirement System now owns 89,649 shares of the technology company’s stock worth $9,768,000 after acquiring an additional 2,246 shares in the last quarter. Ieq Capital LLC lifted its stake in Generac by 8.6% during the 3rd quarter. Ieq Capital LLC now owns 3,726 shares of the technology company’s stock worth $406,000 after acquiring an additional 294 shares in the last quarter. HM Payson & Co. lifted its stake in Generac by 5.7% during the 3rd quarter. HM Payson & Co. now owns 3,721 shares of the technology company’s stock worth $405,000 after acquiring an additional 200 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in Generac by 11.9% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 62,712 shares of the technology company’s stock worth $6,833,000 after acquiring an additional 6,683 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. OTR Global raised Generac from a “mixed” rating to a “positive” rating in a report on Tuesday, April 2nd. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $149.00 price objective on shares of Generac in a report on Thursday. Canaccord Genuity Group lifted their price target on Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Oppenheimer lowered Generac from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Finally, Citigroup lifted their price target on Generac from $124.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $142.15.

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.