Generac (NYSE:GNRC) CEO Sells $974,450.00 in Stock

Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $194.89, for a total value of $974,450.00. Following the transaction, the chief executive officer owned 554,528 shares of the company’s stock, valued at approximately $108,071,961.92. This represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Aaron Jagdfeld also recently made the following trade(s):

• On Monday, June 1st, Aaron Jagdfeld sold 5,000 shares of Generac stock. The shares were sold at an average price of $272.18, for a total value of $1,360,900.00.

Generac Price Performance

GNRC opened at $211.21 on Friday. The stock’s 50-day moving average price is $245.49 and its 200 day moving average price is $226.32. Generac Holdings Inc. has a 12-month low of $134.80 and a 12-month high of $296.44. The company has a current ratio of 2.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.43. The firm has a market cap of $12.46 billion, a price-to-earnings ratio of 48.67, a PEG ratio of 1.88 and a beta of 1.92.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.90. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.18 billion. Generac had a return on equity of 17.83% and a net margin of 5.82%.Generac’s revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.65 EPS. As a group, sell-side analysts expect that Generac Holdings Inc. will post 9.63 earnings per share for the current year.

Institutional Investors Weigh In On Generac

Hedge funds and other institutional investors have recently modified their holdings of the company. N.E.W. Advisory Services LLC purchased a new position in Generac in the second quarter valued at $25,000. MUFG Securities EMEA plc purchased a new stake in Generac during the 2nd quarter worth about $25,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Generac during the 3rd quarter worth about $26,000. Avalon Trust Co acquired a new position in shares of Generac during the 1st quarter worth about $32,000. Finally, Essential Partners LLC increased its holdings in shares of Generac by 57.0% in the 1st quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock valued at $33,000 after acquiring an additional 61 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on GNRC shares. Barclays cut their target price on shares of Generac from $285.00 to $278.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th. Citigroup boosted their price target on shares of Generac from $263.00 to $300.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. DA Davidson set a $333.00 price objective on Generac in a research report on Thursday, July 30th. Wells Fargo & Company increased their price objective on Generac from $238.00 to $280.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Raymond James Financial set a $302.00 target price on Generac in a report on Friday, May 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Generac has an average rating of “Moderate Buy” and an average price target of $284.84.

Generac Company Profile

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.