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 firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the transaction, the chief executive officer now owns 565,825 shares in the company, valued at approximately $82,129,498.75. This trade represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 transaction of $787,500.00.

Generac Price Performance

Shares of GNRC stock traded down $0.25 during trading hours on Wednesday, reaching $142.31. 534,667 shares of the company were exchanged, compared to its average volume of 760,105. The stock’s fifty day moving average is $162.81 and its two-hundred day moving average is $161.23. The company has a market cap of $8.47 billion, a price-to-earnings ratio of 29.52, a P/E/G ratio of 1.51 and a beta of 1.42. Generac Holdings Inc. has a fifty-two week low of $108.89 and a fifty-two week high of $195.94. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Truist Financial reduced their price objective on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. JPMorgan Chase & Co. boosted their price objective on shares of Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. StockNews.com raised Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Barclays assumed coverage on Generac in a report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price target for the company. Finally, TD Cowen lifted their price objective on Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $174.30.

Institutional Trading of Generac

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GNRC. Jennison Associates LLC increased its stake in shares of Generac by 133.6% in the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock valued at $104,227,000 after acquiring an additional 384,434 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Generac by 114.8% in the third quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock valued at $88,944,000 after purchasing an additional 299,205 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its holdings in Generac by 5.6% in the third quarter. Disciplined Growth Investors Inc. MN now owns 385,584 shares of the technology company’s stock worth $61,262,000 after purchasing an additional 20,576 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Generac by 1.2% during the fourth quarter. Bank of New York Mellon Corp now owns 379,859 shares of the technology company’s stock worth $58,897,000 after purchasing an additional 4,352 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in Generac by 25,311.7% during the 3rd quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company’s stock worth $42,433,000 after buying an additional 266,026 shares during the period. 84.04% of the stock is currently owned by institutional investors and hedge funds.

About Generac

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.