Aaron Jagdfeld Sells 5,000 Shares of Generac (NYSE:GNRC) Stock

Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $272.18, for a total value of $1,360,900.00. Following the completion of the transaction, the chief executive officer directly owned 564,528 shares in the company, valued at $153,653,231.04. This represents a 0.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Generac Trading Down 2.4%

Shares of GNRC opened at $278.39 on Friday. The business’s 50-day moving average price is $236.32 and its 200 day moving average price is $197.10. The stock has a market capitalization of $16.39 billion, a P/E ratio of 87.27, a P/E/G ratio of 2.67 and a beta of 1.93. Generac Holdings Inc. has a 1-year low of $123.66 and a 1-year high of $294.18. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.47. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Generac had a return on equity of 15.45% and a net margin of 4.37%.Generac’s revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the business posted $1.26 EPS. Analysts expect that Generac Holdings Inc. will post 8.91 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on GNRC. Jefferies Financial Group reaffirmed a “buy” rating on shares of Generac in a research note on Wednesday. Canaccord Genuity Group lifted their target price on Generac from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Wells Fargo & Company lifted their target price on Generac from $238.00 to $280.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Zacks Research raised Generac from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Generac in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $276.88.

Institutional Investors Weigh In On Generac

Large investors have recently made changes to their positions in the company. DAVENPORT & Co LLC grew its stake in shares of Generac by 4.4% in the 4th quarter. DAVENPORT & Co LLC now owns 387,082 shares of the technology company’s stock valued at $53,190,000 after buying an additional 16,229 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Generac by 2.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 597,559 shares of the technology company’s stock valued at $100,031,000 after buying an additional 15,280 shares in the last quarter. Private Advisory Group LLC grew its stake in shares of Generac by 26.2% in the 4th quarter. Private Advisory Group LLC now owns 58,781 shares of the technology company’s stock valued at $8,016,000 after buying an additional 12,191 shares in the last quarter. Kayne Anderson Capital Advisors LP bought a new stake in shares of Generac in the 3rd quarter valued at approximately $2,159,000. Finally, Lighthouse Investment Partners LLC grew its stake in shares of Generac by 556.7% in the 3rd quarter. Lighthouse Investment Partners LLC now owns 51,903 shares of the technology company’s stock valued at $8,689,000 after buying an additional 43,999 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

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.