Insider Selling: Generac Holdings Inc. (NYSE:GNRC) CEO Sells $699,750.00 in Stock

Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $139.95, for a total transaction of $699,750.00. Following the completion of the sale, the chief executive officer now owns 587,177 shares in the company, valued at approximately $82,175,421.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, April 1st, Aaron Jagdfeld sold 5,000 shares of Generac stock. The stock was sold at an average price of $126.94, for a total transaction of $634,700.00.

Generac Stock Up 3.7 %

Shares of GNRC stock opened at $133.38 on Monday. Generac Holdings Inc. has a 12 month low of $79.86 and a 12 month high of $156.95. The stock has a market cap of $8.06 billion, a P/E ratio of 36.74, a P/E/G ratio of 1.82 and a beta of 1.41. The company has a current ratio of 2.29, a quick ratio of 0.94 and a debt-to-equity ratio of 0.61. The company has a 50 day simple moving average of $124.48 and a two-hundred day simple moving average of $118.36.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, May 1st. The technology company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.16. Generac had a net margin of 5.68% and a return on equity of 14.68%. The business had revenue of $889.27 million during the quarter, compared to analysts’ expectations of $886.60 million. During the same period in the prior year, the company earned $0.63 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. On average, research analysts expect that Generac Holdings Inc. will post 6.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. UBS Group cut their price objective on shares of Generac from $160.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, February 15th. TD Cowen dropped their target price on shares of Generac from $165.00 to $144.00 and set an “outperform” rating on the stock in a research note on Thursday, February 15th. Oppenheimer upped their target price on shares of Generac from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday. Roth Mkm upped their target price on shares of Generac from $120.00 to $135.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 23rd. Finally, Guggenheim downgraded shares of Generac from a “buy” rating to a “neutral” rating in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Generac presently has a consensus rating of “Moderate Buy” and a consensus price target of $142.40.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GNRC. ICA Group Wealth Management LLC bought a new stake in Generac during the fourth quarter valued at about $27,000. BKM Wealth Management LLC bought a new stake in Generac during the 4th quarter valued at approximately $28,000. Headlands Technologies LLC purchased a new position in Generac in the 3rd quarter worth approximately $28,000. ORG Partners LLC bought a new position in Generac in the 4th quarter worth approximately $38,000. 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 valued at $38,000 after buying an additional 202 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

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.