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

Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $206.00, for a total transaction of $1,030,000.00. Following the completion of the sale, the chief executive officer directly owned 544,528 shares in the company, valued at approximately $112,172,768. The trade was a 0.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 Tuesday, September 1st, Aaron Jagdfeld sold 5,000 shares of Generac stock. The shares were sold at an average price of $182.21, for a total transaction of $911,050.00.
• 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 Price Performance

NYSE GNRC traded up $9.33 on Friday, hitting $217.24. The stock had a trading volume of 1,113,107 shares, compared to its average volume of 1,089,779. Generac Holdings Inc. has a 52-week low of $134.80 and a 52-week high of $296.44. 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 company has a market capitalization of $12.82 billion, a price-to-earnings ratio of 50.06, a price-to-earnings-growth ratio of 1.77 and a beta of 1.91. The firm has a 50-day moving average of $200.31 and a 200-day moving average of $226.07.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.91 EPS for the quarter, beating the consensus estimate of $2.01 by $0.90. The firm had revenue of $1.17 billion during 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 business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the firm earned $1.65 EPS. Equities analysts expect that Generac Holdings Inc. will post 9.74 EPS for the current year.

Analysts Set New Price Targets

GNRC has been the subject of several recent analyst reports. Robert W. Baird set a $305.00 target price on Generac in a research report on Thursday, July 30th. Raymond James Financial set a $286.00 price objective on Generac in a report on Thursday, September 17th. Citigroup lowered their target price on shares of Generac from $300.00 to $232.00 and set a “neutral” rating on the stock in a research note on Wednesday. Wall Street Zen cut shares of Generac from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 19th. Finally, Stephens restated an “overweight” rating and set a $335.00 price objective on shares of Generac in a research report on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Generac presently has an average rating of “Moderate Buy” and a consensus target price of $292.25.

Hedge Funds Weigh In On Generac

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in Generac in the 2nd quarter worth $1,170,960,000. Diamant Asset Management Inc. raised its stake in shares of Generac by 19,433.0% during the first quarter. Diamant Asset Management Inc. now owns 666,075 shares of the technology company’s stock valued at $130,104,000 after acquiring an additional 662,665 shares during the last quarter. Bank of America Corp DE bought a new position in shares of Generac during the second quarter valued at about $175,942,000. Park Presidio Capital LLC purchased a new stake in shares of Generac during the second quarter worth about $158,140,000. Finally, Norges Bank purchased a new stake in shares of Generac during the fourth quarter worth about $68,590,000. 84.04% of the stock is currently owned by institutional investors.

About Generac

Generac Holdings Inc is an energy technology company that designs and manufactures power generation equipment, energy storage systems and other products intended to provide backup and distributed energy solutions. Its offerings serve residential, commercial, industrial and other users seeking standby power, portable power or greater control over energy use.

The company’s product portfolio includes home standby generators, portable generators, commercial and industrial generators, mobile power equipment, engines and related transfer switches and controls.