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

Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $194.89, for a total value of $974,450.00. Following the sale, the chief executive officer directly owned 554,528 shares in the company, valued at approximately $108,071,961.92. The trade was a 0.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 stock was sold at an average price of $272.18, for a total transaction of $1,360,900.00.

Generac Stock Performance

GNRC stock opened at $219.03 on Wednesday. The firm has a market cap of $12.89 billion, a price-to-earnings ratio of 50.47, a PEG ratio of 1.74 and a beta of 1.92. The firm has a 50-day simple moving average of $248.10 and a two-hundred day simple moving average of $225.57. Generac Holdings Inc. has a one year low of $134.80 and a one year high of $296.44. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 2.04.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.90. Generac had a net margin of 5.82% and a return on equity of 17.83%. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the business earned $1.65 EPS. The company’s revenue was up 10.3% compared to the same quarter last year. On average, equities analysts forecast that Generac Holdings Inc. will post 9.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on GNRC shares. Robert W. Baird set a $305.00 price target on shares of Generac in a report on Thursday, July 30th. Argus raised their price objective on Generac from $255.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Stephens restated an “overweight” rating and set a $290.00 target price on shares of Generac in a research note on Thursday, May 21st. Raymond James Financial set a $302.00 target price on Generac in a research report on Friday, May 22nd. Finally, JPMorgan Chase & Co. increased their price target on Generac from $229.00 to $267.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $284.84.

Institutional Trading of Generac

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GNRC. NewEdge Advisors LLC raised its stake in shares of Generac by 6.2% in the first quarter. NewEdge Advisors LLC now owns 2,439 shares of the technology company’s stock worth $309,000 after purchasing an additional 142 shares during the last quarter. Woodline Partners LP increased its holdings in Generac by 40.9% in the 1st quarter. Woodline Partners LP now owns 5,036 shares of the technology company’s stock worth $638,000 after buying an additional 1,463 shares during the period. First Trust Advisors LP increased its holdings in Generac by 27.6% in the 2nd quarter. First Trust Advisors LP now owns 101,298 shares of the technology company’s stock worth $14,507,000 after buying an additional 21,908 shares during the period. Cerity Partners LLC raised its position in Generac by 1.6% during the 2nd quarter. Cerity Partners LLC now owns 50,550 shares of the technology company’s stock worth $7,239,000 after buying an additional 816 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in Generac by 8.6% during the 2nd quarter. California Public Employees Retirement System now owns 104,246 shares of the technology company’s stock valued at $14,929,000 after acquiring an additional 8,213 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

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.