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

Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Friday, November 1st. The stock was sold at an average price of $166.60, for a total value of $833,000.00. Following the transaction, the chief executive officer now directly owns 557,177 shares of the company’s stock, valued at approximately $92,825,688.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, October 1st, Aaron Jagdfeld sold 5,000 shares of Generac stock. The shares were sold at an average price of $158.93, for a total value of $794,650.00.

Generac Trading Up 1.1 %

Generac stock traded up $1.83 during midday trading on Monday, reaching $170.74. The stock had a trading volume of 768,781 shares, compared to its average volume of 950,836. The stock has a market capitalization of $10.27 billion, a PE ratio of 35.41, a price-to-earnings-growth ratio of 2.13 and a beta of 1.37. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.99 and a current ratio of 2.03. The stock’s 50-day simple moving average is $157.17 and its 200 day simple moving average is $148.43. Generac Holdings Inc. has a twelve month low of $100.23 and a twelve month high of $176.14.

Generac (NYSE:GNRC) last issued its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.27. Generac had a return on equity of 16.70% and a net margin of 7.17%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the business earned $1.64 EPS. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. Analysts expect that Generac Holdings Inc. will post 6.49 EPS for the current year.

Wall Street Analyst Weigh In

GNRC has been the topic of a number of research reports. Robert W. Baird lowered their price objective on shares of Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a research note on Friday. Roth Mkm increased their price target on shares of Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Canaccord Genuity Group lifted their price objective on Generac from $177.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Northland Securities increased their target price on Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, StockNews.com raised Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $169.10.

Hedge Funds Weigh In On Generac

A number of hedge funds have recently made changes to their positions in GNRC. DAVENPORT & Co LLC grew its position in Generac by 831.1% in the first quarter. DAVENPORT & Co LLC now owns 240,111 shares of the technology company’s stock valued at $30,288,000 after acquiring an additional 214,322 shares in the last quarter. Willis Investment Counsel grew its holdings in Generac by 18.7% during the 3rd quarter. Willis Investment Counsel now owns 105,007 shares of the technology company’s stock valued at $16,684,000 after purchasing an additional 16,541 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Generac by 85.9% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,021 shares of the technology company’s stock worth $928,000 after buying an additional 3,244 shares during the period. Epoch Investment Partners Inc. acquired a new position in Generac in the 1st quarter worth $1,053,000. Finally, Nwam LLC boosted its position in Generac by 135.8% in the 1st quarter. Nwam LLC now owns 5,629 shares of the technology company’s stock valued at $768,000 after buying an additional 3,242 shares during the last quarter. Hedge funds and other 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.