Insider Selling: Generac (NYSE:GNRC) CEO Sells $1,360,900.00 in Stock

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

Generac Stock Performance

NYSE:GNRC opened at $261.39 on Friday. The stock’s 50-day simple moving average is $237.45 and its 200 day simple moving average is $197.55. The firm has a market capitalization of $15.39 billion, a PE ratio of 81.94, a price-to-earnings-growth ratio of 2.60 and a beta of 1.93. The company has a quick ratio of 0.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.47. Generac Holdings Inc. has a twelve month low of $123.66 and a twelve month high of $294.18.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.47. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the firm posted $1.26 earnings per share. On average, analysts anticipate that Generac Holdings Inc. will post 8.91 EPS for the current fiscal year.

Institutional Trading of Generac

Hedge funds have recently made changes to their positions in the company. MUFG Securities EMEA plc acquired a new stake in shares of Generac during the second quarter valued at about $25,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Generac during the third quarter worth about $26,000. Sentry Investment Management LLC raised its position in shares of Generac by 69.8% during the third quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock worth $28,000 after acquiring an additional 67 shares during the last quarter. Avalon Trust Co bought a new position in shares of Generac during the first quarter worth about $32,000. Finally, Essential Partners LLC raised its position in shares of Generac by 57.0% during the first 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. 84.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Zacks Research raised Generac from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. Stephens reaffirmed an “overweight” rating and issued a $290.00 price objective on shares of Generac in a research note on Thursday, May 21st. Jefferies Financial Group reissued a “buy” rating on shares of Generac in a research note on Wednesday. Weiss Ratings raised Generac from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. Finally, Argus lifted their price target on Generac from $255.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $276.88.

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.