Aaron Jagdfeld Sells 5,000 Shares of Generac Holdings Inc. (NYSE:GNRC) Stock

Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $166.60, for a total value of $833,000.00. Following the sale, the chief executive officer now directly owns 557,177 shares of the company’s stock, valued at $92,825,688.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Tuesday, October 1st, Aaron Jagdfeld sold 5,000 shares of Generac stock. The stock was sold at an average price of $158.93, for a total value of $794,650.00.

Generac Trading Up 1.1 %

NYSE:GNRC opened at $170.74 on Tuesday. The company has a market cap of $10.27 billion, a P/E ratio of 35.42, a P/E/G ratio of 2.13 and a beta of 1.37. The stock’s fifty day moving average price is $157.43 and its two-hundred day moving average price is $148.70. Generac Holdings Inc. has a 1 year low of $100.23 and a 1 year high of $176.14. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.99.

Generac (NYSE:GNRC) last posted its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.27. Generac had a return on equity of 16.70% and a net margin of 7.17%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the business posted $1.64 earnings per share. The business’s quarterly revenue was up 9.6% on a year-over-year basis. As a group, analysts expect that Generac Holdings Inc. will post 6.49 EPS for the current year.

Institutional Investors Weigh In On Generac

A number of institutional investors and hedge funds have recently made changes to their positions in GNRC. EntryPoint Capital LLC raised its position in shares of Generac by 73.2% in the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after buying an additional 90 shares in the last quarter. Sunbelt Securities Inc. increased its stake in 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 acquiring an additional 100 shares during the last quarter. Capital Advisors Ltd. LLC grew its stake 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 valued at $34,000 after buying an additional 220 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Generac by 73.5% during the third 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, Fairfield Financial Advisors LTD bought a new position in shares of Generac during the second quarter valued at about $38,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Analyst Ratings Changes

GNRC has been the subject of a number of recent research reports. StockNews.com raised Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Stephens reaffirmed an “overweight” rating and issued a $200.00 target price on shares of Generac in a report on Monday, August 5th. The Goldman Sachs Group upped their target price on Generac from $148.00 to $193.00 and gave the company a “buy” rating in a report on Friday. Scotiabank upped their target price on Generac from $147.00 to $160.00 and gave the company a “sector perform” rating in a report on Monday, July 29th. Finally, Citigroup upped their target price on Generac from $128.00 to $172.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average 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.