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

Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $182.21, for a total value of $911,050.00. Following the completion of the transaction, the chief executive officer owned 549,528 shares in the company, valued at $100,129,496.88. This trade represents a 0.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 3rd, Aaron Jagdfeld sold 5,000 shares of Generac stock. The stock was sold at an average price of $194.89, for a total transaction of $974,450.00.

Generac Stock Performance

GNRC stock opened at $180.97 on Thursday. Generac Holdings Inc. has a one year low of $134.80 and a one year high of $296.44. The firm has a market cap of $10.68 billion, a price-to-earnings ratio of 41.70, a PEG ratio of 1.55 and a beta of 1.91. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 2.04. The firm has a 50-day simple moving average of $220.18 and a two-hundred day simple moving average of $230.01.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.90. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.18 billion. Generac had a net margin of 5.82% and a return on equity of 17.83%. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.65 EPS. On average, equities analysts forecast that Generac Holdings Inc. will post 9.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. DA Davidson set a $333.00 price target on shares of Generac in a report on Thursday, July 30th. Zacks Research upgraded Generac from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Robert W. Baird set a $305.00 price objective on Generac in a research report on Thursday, July 30th. UBS Group boosted their target price on Generac from $335.00 to $340.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Finally, Barclays reduced their target price on Generac from $285.00 to $278.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Two investment 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, the company has a consensus rating of “Moderate Buy” and an average price target of $284.84.

Institutional Trading of Generac

Large investors have recently bought and sold shares of the stock. Nicollet Investment Management Inc. lifted its stake in shares of Generac by 0.7% during the fourth quarter. Nicollet Investment Management Inc. now owns 7,734 shares of the technology company’s stock worth $1,055,000 after buying an additional 50 shares during the period. Root Financial Partners LLC grew its holdings in shares of Generac by 32.9% during the first quarter. Root Financial Partners LLC now owns 218 shares of the technology company’s stock valued at $43,000 after buying an additional 54 shares during the last quarter. Gen Wealth Partners Inc increased its position in shares of Generac by 8.7% in the 4th quarter. Gen Wealth Partners Inc now owns 675 shares of the technology company’s stock valued at $92,000 after acquiring an additional 54 shares during the period. Meridian Financial Partners LLC increased its position in shares of Generac by 0.6% in the 4th quarter. Meridian Financial Partners LLC now owns 10,056 shares of the technology company’s stock valued at $1,371,000 after acquiring an additional 61 shares during the period. Finally, Essential Partners LLC raised its stake in Generac by 57.0% in the 1st quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock worth $33,000 after acquiring an additional 61 shares during the last quarter. Hedge funds and other 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.