Rajendra Kumar Kanuru Sells 3,187 Shares of Generac Holdings Inc. (NYSE:GNRC) Stock

Generac Holdings Inc. (NYSE:GNRC) EVP Rajendra Kumar Kanuru sold 3,187 shares of Generac stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total value of $585,069.46. Following the completion of the transaction, the executive vice president now owns 10,738 shares of the company’s stock, valued at $1,971,282.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Generac Trading Up 1.4 %

Shares of GNRC stock traded up $2.64 during trading hours on Friday, reaching $189.35. 782,552 shares of the stock traded hands, compared to its average volume of 959,877. The firm has a market capitalization of $11.39 billion, a PE ratio of 38.71, a PEG ratio of 2.11 and a beta of 1.37. The business has a fifty day moving average price of $159.17 and a 200 day moving average price of $149.52. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. Generac Holdings Inc. has a 1-year low of $101.15 and a 1-year high of $190.42.

Generac (NYSE:GNRC) last issued its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. The company had revenue of $1.17 billion during 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% on a year-over-year basis. During the same quarter last year, the business posted $1.64 EPS. On average, equities research analysts forecast that Generac Holdings Inc. will post 6.76 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. SouthState Corp acquired a new stake in shares of Generac in the third quarter worth about $32,000. Sunbelt Securities Inc. raised its position in shares of Generac by 97.1% in the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock valued at $27,000 after purchasing an additional 100 shares during the period. EntryPoint Capital LLC boosted its holdings in shares of Generac by 73.2% during 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 period. Blue Trust Inc. grew its stake 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. Finally, Capital Advisors Ltd. LLC raised its holdings in Generac by 611.1% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock worth $34,000 after acquiring an additional 220 shares during the period. Institutional investors own 84.04% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. TD Cowen boosted their price target on Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Canaccord Genuity Group upped their price objective on Generac from $177.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Stephens reissued an “overweight” rating and set a $200.00 price target on shares of Generac in a research report on Monday, August 5th. Robert W. Baird reduced their price objective on Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a research 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $169.10.

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.