Generac (NYSE:GNRC) CEO Sells $911,050.00 in Stock

Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $182.21, for a total value of $911,050.00. Following the completion of the transaction, the chief executive officer owned 549,528 shares in the company, valued at $100,129,496.88. This represents a 0.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 shares were sold at an average price of $194.89, for a total transaction of $974,450.00.

Generac Stock Performance

GNRC stock opened at $187.44 on Friday. The firm has a 50 day moving average of $216.10 and a two-hundred day moving average of $229.42. Generac Holdings Inc. has a 12 month low of $134.80 and a 12 month high of $296.44. The company has a market capitalization of $11.06 billion, a price-to-earnings ratio of 43.19, a P/E/G ratio of 1.56 and a beta of 1.91. The company has a quick ratio of 1.00, a current ratio of 2.04 and a debt-to-equity ratio of 0.43.

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 the consensus estimate of $1.18 billion. During the same quarter last year, the firm earned $1.65 EPS. Generac’s revenue for the quarter was up 10.3% on a year-over-year basis. As a group, equities analysts anticipate that Generac Holdings Inc. will post 9.78 EPS for the current fiscal year.

Hedge Funds Weigh In On Generac

A number of institutional investors have recently made changes to their positions in GNRC. N.E.W. Advisory Services LLC acquired a new stake in Generac in the 2nd quarter valued at approximately $25,000. MUFG Securities EMEA plc acquired a new position in shares of Generac during the second quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Generac in the third quarter valued at approximately $26,000. Avalon Trust Co bought a new stake in shares of Generac in the first quarter valued at approximately $32,000. Finally, Essential Partners LLC grew its stake in shares of Generac by 57.0% in the first quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock worth $33,000 after acquiring an additional 61 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GNRC. Jefferies Financial Group reaffirmed a “buy” rating on shares of Generac in a research report on Wednesday, June 3rd. DA Davidson set a $333.00 price objective on Generac in a research note on Thursday, July 30th. UBS Group boosted their target price on Generac from $335.00 to $340.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Robert W. Baird set a $305.00 target price on Generac in a research report on Thursday, July 30th. Finally, Roth Capital set a $214.00 price target on Generac in a report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Generac currently has an average rating of “Moderate Buy” and an average price target of $284.84.

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.