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 Generac stock in a transaction that occurred on 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 sale, the chief executive officer now owns 570,825 shares in the company, valued at $89,904,937.50. This trade represents a 0.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 Performance

Shares of NYSE:GNRC opened at $158.88 on Monday. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. Generac Holdings Inc. has a 12-month low of $108.89 and a 12-month high of $195.94. The company’s 50 day moving average price is $173.81 and its two-hundred day moving average price is $159.10. The firm has a market cap of $9.45 billion, a PE ratio of 32.96, a PEG ratio of 2.04 and a beta of 1.42.

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

Institutional Investors Weigh In On Generac

Large investors have recently bought and sold shares of the company. William Blair Investment Management LLC bought a new stake in shares of Generac during the 2nd quarter worth approximately $98,282,000. The Manufacturers Life Insurance Company raised its position in Generac by 114.8% during 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. Jennison Associates LLC bought a new stake in Generac during the third quarter worth $45,722,000. International Assets Investment Management LLC boosted its holdings in shares of Generac by 25,311.7% in the 3rd quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company’s stock valued at $42,433,000 after purchasing an additional 266,026 shares in the last quarter. Finally, Stephens Investment Management Group LLC increased its stake in shares of Generac by 678.5% in the 3rd quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company’s stock valued at $30,560,000 after purchasing an additional 167,641 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Piper Sandler increased their price objective on shares of Generac from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Barclays initiated coverage on Generac in a research note on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price target for the company. The Goldman Sachs Group upped their price objective on Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. TD Cowen increased their price objective on Generac from $172.00 to $183.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Truist Financial boosted their target price on shares of Generac from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Generac currently has an average rating of “Moderate Buy” and a consensus price target of $175.30.

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.