Generac Holdings Inc. (NYSE:GNRC) CEO Sells $725,750.00 in Stock

Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the sale, the chief executive officer now owns 565,825 shares of the company’s stock, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, January 2nd, Aaron Jagdfeld sold 5,000 shares of Generac stock. The stock was sold at an average price of $157.50, for a total value of $787,500.00.

Generac Trading Down 0.3 %

Shares of NYSE GNRC opened at $142.22 on Friday. The stock has a market cap of $8.46 billion, a price-to-earnings ratio of 29.51, a PEG ratio of 1.51 and a beta of 1.42. The business has a 50 day simple moving average of $160.90 and a 200 day simple moving average of $160.97. Generac Holdings Inc. has a 52 week low of $108.89 and a 52 week high of $195.94. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03.

Analyst Ratings Changes

GNRC has been the subject of several research reports. Stifel Nicolaus raised their price objective on Generac from $185.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. boosted their price objective on Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. StockNews.com upgraded Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. The Goldman Sachs Group boosted their price objective on Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Barclays began coverage on Generac in a report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $173.55.

Institutional Investors Weigh In On Generac

Large investors have recently made changes to their positions in the company. Modus Advisors LLC bought a new stake in shares of Generac in the 4th quarter valued at approximately $27,000. Versant Capital Management Inc grew its stake in shares of Generac by 391.9% in the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after buying an additional 145 shares in the last quarter. Cranbrook Wealth Management LLC bought a new stake in Generac during the fourth quarter worth approximately $28,000. Brooklyn Investment Group bought a new stake in Generac during the third quarter worth approximately $31,000. Finally, Bank of Jackson Hole Trust bought a new stake in Generac during the fourth quarter worth approximately $31,000. 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.