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

Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $194.89, for a total value of $974,450.00. Following the completion of the sale, the chief executive officer owned 554,528 shares of the company’s stock, valued at $108,071,961.92. The trade was a 0.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, June 1st, Aaron Jagdfeld sold 5,000 shares of Generac stock. The shares were sold at an average price of $272.18, for a total value of $1,360,900.00.

Generac Stock Down 0.5%

NYSE:GNRC opened at $217.55 on Thursday. The firm has a market capitalization of $12.81 billion, a price-to-earnings ratio of 50.13, a PEG ratio of 1.89 and a beta of 1.92. Generac Holdings Inc. has a 1-year low of $134.80 and a 1-year high of $296.44. The company has a current ratio of 2.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.43. The business’s fifty day moving average price is $246.84 and its 200 day moving average price is $225.96.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.91 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.90. Generac had a return on equity of 17.83% and a net margin of 5.82%.The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the company posted $1.65 EPS. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, sell-side analysts forecast that Generac Holdings Inc. will post 9.63 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Generac

Institutional investors and hedge funds have recently modified their holdings of the business. Hsbc Holdings PLC raised its stake in shares of Generac by 42.8% in the 4th quarter. Hsbc Holdings PLC now owns 93,080 shares of the technology company’s stock valued at $12,711,000 after acquiring an additional 27,893 shares in the last quarter. Willis Investment Counsel boosted its position in Generac by 10.5% during the fourth quarter. Willis Investment Counsel now owns 143,137 shares of the technology company’s stock worth $19,520,000 after purchasing an additional 13,553 shares during the period. Needham Investment Management LLC grew its holdings in Generac by 213.6% during the fourth quarter. Needham Investment Management LLC now owns 34,500 shares of the technology company’s stock valued at $4,705,000 after purchasing an additional 23,500 shares during the last quarter. BOK Financial Private Wealth Inc. acquired a new position in Generac during the fourth quarter valued at approximately $699,000. Finally, Paradice Investment Management LLC raised its position in shares of Generac by 16.9% in the fourth quarter. Paradice Investment Management LLC now owns 211,861 shares of the technology company’s stock valued at $28,891,000 after purchasing an additional 30,578 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Weiss Ratings downgraded shares of Generac from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. increased their target price on shares of Generac from $229.00 to $267.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. UBS Group lifted their target price on shares of Generac from $335.00 to $340.00 and gave the company a “buy” rating in a research note on Tuesday. Barclays lowered their price target on shares of Generac from $285.00 to $278.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. Finally, TD Cowen reissued a “buy” rating on shares of Generac in a research report on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $284.84.

About Generac

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.