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

Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $182.21, for a total transaction of $911,050.00. Following the completion of the transaction, the chief executive officer owned 549,528 shares in the company, valued at approximately $100,129,496.88. The trade was a 0.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 3rd, Aaron Jagdfeld sold 5,000 shares of Generac stock. The stock was sold at an average price of $194.89, for a total value of $974,450.00.

Generac Trading Up 0.9%

NYSE:GNRC opened at $182.44 on Friday. The company has a market cap of $10.77 billion, a PE ratio of 42.04, a price-to-earnings-growth ratio of 1.54 and a beta of 1.91. The company has a current ratio of 2.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.43. Generac Holdings Inc. has a 12 month low of $134.80 and a 12 month high of $296.44. The company has a 50 day simple moving average of $217.94 and a two-hundred day simple moving average of $229.72.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, July 29th. The technology company reported $2.91 EPS 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 during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the company earned $1.65 earnings per share. The firm’s revenue was up 10.3% on a year-over-year basis. Research analysts forecast that Generac Holdings Inc. will post 9.78 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on GNRC shares. Stephens reissued an “overweight” rating and issued a $290.00 target price on shares of Generac in a research note on Thursday, May 21st. Jefferies Financial Group reiterated a “buy” rating on shares of Generac in a report on Wednesday, June 3rd. Needham & Company LLC increased their price objective on shares of Generac from $282.00 to $283.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Zacks Research raised shares of Generac from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Finally, UBS Group increased their price target on Generac from $335.00 to $340.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $284.84.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its holdings in shares of Generac by 29,322.7% in the 2nd quarter. California State Teachers Retirement System now owns 19,945,924 shares of the technology company’s stock valued at $5,840,366,000 after acquiring an additional 19,878,133 shares during the period. BlackRock Inc. purchased a new position in shares of Generac during the 2nd quarter worth approximately $1,170,960,000. Invesco Ltd. lifted its holdings in Generac by 49.9% in the fourth quarter. Invesco Ltd. now owns 2,423,971 shares of the technology company’s stock valued at $330,557,000 after acquiring an additional 806,430 shares during the period. Diamant Asset Management Inc. boosted its holdings in Generac by 19,433.0% during the first quarter. Diamant Asset Management Inc. now owns 666,075 shares of the technology company’s stock worth $130,104,000 after buying an additional 662,665 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Generac by 1,141.1% during the 4th quarter. Bank of Montreal Can now owns 695,600 shares of the technology company’s stock worth $94,859,000 after acquiring an additional 639,551 shares in the last quarter. 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.