Generac Holdings Inc. (NYSE:GNRC) CEO Sells $787,500.00 in Stock

Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total transaction of $787,500.00. Following the completion of the transaction, the chief executive officer now directly owns 570,825 shares in the company, valued at approximately $89,904,937.50. This represents a 0.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, November 1st, Aaron Jagdfeld sold 5,000 shares of Generac stock. The shares were sold at an average price of $166.60, for a total transaction of $833,000.00.

Generac Stock Up 1.2 %

Shares of NYSE GNRC opened at $158.88 on Friday. 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. The company’s 50 day moving average price is $173.81 and its 200-day moving average price is $158.96. The company has a market capitalization of $9.45 billion, a P/E ratio of 32.96, a price-to-earnings-growth ratio of 2.04 and a beta of 1.42.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the firm posted $1.64 earnings per share. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. Equities analysts forecast that Generac Holdings Inc. will post 6.84 earnings per share for the current year.

Analyst Ratings Changes

GNRC has been the topic of a number of research analyst reports. Piper Sandler raised their target price on Generac from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Citigroup raised their price objective on Generac from $128.00 to $172.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Roth Mkm increased their target price on shares of Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group raised their price target on shares of Generac from $148.00 to $193.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Stifel Nicolaus increased their price objective on shares of Generac from $185.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $175.30.

Institutional Investors Weigh In On Generac

A number of hedge funds have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. grew its position in shares of Generac by 97.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after buying an additional 100 shares during the period. Modus Advisors LLC acquired a new stake in Generac in the fourth quarter worth $27,000. Versant Capital Management Inc increased its stake in Generac by 391.9% in the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after purchasing an additional 145 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Generac during the third quarter valued at about $31,000. Finally, SouthState Corp bought a new position in shares of Generac during the 3rd quarter worth about $32,000. 84.04% of the stock is currently owned by institutional investors.

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.