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

Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total transaction of $794,650.00. Following the completion of the sale, the chief executive officer now owns 562,177 shares of the company’s stock, valued at $89,346,790.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Generac Stock Performance

NYSE GNRC opened at $161.96 on Thursday. The firm has a market cap of $9.82 billion, a price-to-earnings ratio of 44.62, a PEG ratio of 1.88 and a beta of 1.38. The company has a 50 day moving average of $148.76 and a 200-day moving average of $141.94. The company has a current ratio of 2.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.61. Generac Holdings Inc. has a 1-year low of $79.86 and a 1-year high of $169.57.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.15. Generac had a net margin of 6.03% and a return on equity of 15.35%. The company had revenue of $998.20 million during the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the business posted $1.08 earnings per share. The company’s revenue was down .2% on a year-over-year basis. On average, equities analysts forecast that Generac Holdings Inc. will post 6.5 earnings per share for the current fiscal year.

Institutional Trading of Generac

Hedge funds have recently modified their holdings of the stock. ICA Group Wealth Management LLC bought a new stake in shares of Generac during the fourth quarter valued at approximately $27,000. EntryPoint Capital LLC grew its stake in shares of Generac by 73.2% during the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock valued at $27,000 after purchasing an additional 90 shares during the last quarter. Sunbelt Securities Inc. boosted 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 boosted its stake in Generac by 611.1% in the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock valued at $34,000 after acquiring an additional 220 shares during the last quarter. Finally, Quarry LP grew its holdings in Generac by 219.6% during the 4th quarter. Quarry LP now owns 294 shares of the technology company’s stock worth $38,000 after acquiring an additional 202 shares during the period. 84.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on GNRC shares. Janney Montgomery Scott cut shares of Generac from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $126.00 to $154.00 in a report on Thursday, June 13th. Piper Sandler restated an “overweight” rating and set a $175.00 price target on shares of Generac in a report on Tuesday, September 24th. Robert W. Baird upped their price target on shares of Generac from $142.00 to $163.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. StockNews.com upgraded shares of Generac from a “hold” rating to a “buy” rating in a report on Friday, September 20th. Finally, Canaccord Genuity Group upped their price objective on shares of Generac from $177.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Generac presently has a consensus rating of “Hold” and an average price target of $154.71.

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.