Generac Holdings Inc. (NYSE:GNRC), a leading manufacturer of power generation equipment, has reported a recent transaction involving a director of the company, Nguyen Nam Tran. According to the latest SEC filing, Mr. Tran sold 546 shares of Generac Holdings at a price of $140.55 per share, amounting to a total of $76,740.
The transaction occurred on May 13, 2024, and was disclosed to the Securities and Exchange Commission the following day. Following the sale, Mr. Tran's holdings in the company decreased to 3,512 shares of common stock. The sale was executed directly, indicating that Mr. Tran personally owns the shares that were sold.
Generac Holdings, which is incorporated in Delaware and has its business address in Waukesha, Wisconsin, is known for its production of motors and generators. The company's stock is traded under the ticker symbol GNRC on the New York Stock Exchange.
Investors often monitor insider transactions as they can provide insights into the confidence levels of a company's executives and directors regarding the firm's prospects. While the sale of shares by an insider does not necessarily indicate a negative outlook, it is one of many factors that shareholders may consider when evaluating their investment in the company.
The reported transaction is a straightforward sale of common stock, and there were no equity swaps involved. The signature on the SEC filing was provided by Raj Kanuru, Attorney in Fact, on behalf of Mr. Tran.
Generac Holdings has not provided any additional comments regarding the transaction. The company continues to focus on its operations and its commitment to providing reliable power solutions to its customers.
InvestingPro Insights
Generac Holdings Inc. (NYSE:GNRC) has been a topic of discussion among investors, especially with the recent insider transaction involving director Nguyen Nam Tran. To provide a broader context to this transaction, let's delve into some real-time data and insights from InvestingPro.
InvestingPro Data highlights that Generac currently holds a market capitalization of $8.67 billion, with a P/E ratio of 38.87, reflecting a high earnings multiple as noted by one of the InvestingPro Tips. This could suggest that the market has optimistic expectations about the company's future earnings potential. Additionally, the company's P/E ratio for the last twelve months as of Q1 2024 stands at 38.0, indicating consistency in valuation over time.
Despite a slight decrease in revenue growth of -6.78% over the last twelve months as of Q1 2024, Generac has shown a modest quarterly revenue growth of 0.15% in Q1 2024. This suggests that while the company may be facing some challenges, it is still managing to maintain its revenue stream. Furthermore, Generac has demonstrated profitability over the last twelve months, as mentioned in another InvestingPro Tip, with a gross profit margin of 35.02% and an operating income margin of 10.17%.
InvestingPro Tips also reveal that Generac operates with a moderate level of debt and that its liquid assets exceed short-term obligations, which may provide some reassurance to investors about the company's financial health. Moreover, analysts predict that Generac will be profitable this year, and the company has experienced a large price uptick of 27.78% over the last six months, signaling strong investor confidence.
For investors seeking more in-depth analysis, there are additional InvestingPro Tips available for Generac. These tips can shed light on the company's performance and may help investors make more informed decisions. To explore these insights further, visit https://www.investing.com/pro/GNRC and remember to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. With several more tips awaiting on InvestingPro, investors can gain a comprehensive understanding of Generac's market position and future outlook.
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