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

Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total value of $794,650.00. Following the sale, the chief executive officer now directly owns 562,177 shares in the company, valued at $89,346,790.61. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Generac Price Performance

Shares of GNRC opened at $158.12 on Friday. Generac Holdings Inc. has a 1 year low of $79.86 and a 1 year high of $169.57. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.25 and a quick ratio of 0.99. The company has a market capitalization of $9.58 billion, a price-to-earnings ratio of 43.56, a price-to-earnings-growth ratio of 1.88 and a beta of 1.38. The business has a 50-day moving average of $148.87 and a 200-day moving average of $142.05.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.15. The company had revenue of $998.20 million during the quarter, compared to the consensus estimate of $1 billion. Generac had a return on equity of 15.35% and a net margin of 6.03%. The firm’s revenue was down .2% compared to the same quarter last year. During the same period last year, the company earned $1.08 earnings per share. As a group, equities research analysts anticipate that Generac Holdings Inc. will post 6.5 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on GNRC shares. Stephens reaffirmed an “overweight” rating and issued a $200.00 price objective on shares of Generac in a research note on Monday, August 5th. Northland Securities raised their price objective on Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $175.00 price objective (up from $145.00) on shares of Generac in a research note on Thursday, August 1st. StockNews.com lowered Generac from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. raised their price objective on Generac from $149.00 to $155.00 and gave the company a “neutral” rating in a research note on Tuesday, July 16th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $154.71.

Institutional Investors Weigh In On Generac

A number of hedge funds have recently added to or reduced their stakes in the business. Capital World Investors increased its holdings in Generac by 2.1% in the first quarter. Capital World Investors now owns 1,230,434 shares of the technology company’s stock worth $155,207,000 after purchasing an additional 25,646 shares in the last quarter. William Blair Investment Management LLC bought a new stake in Generac in the second quarter worth approximately $98,282,000. Dimensional Fund Advisors LP increased its holdings in Generac by 5.2% in the second quarter. Dimensional Fund Advisors LP now owns 702,811 shares of the technology company’s stock worth $92,941,000 after purchasing an additional 35,026 shares in the last quarter. Ninety One UK Ltd increased its holdings in Generac by 0.7% in the second quarter. Ninety One UK Ltd now owns 519,741 shares of the technology company’s stock worth $68,720,000 after purchasing an additional 3,849 shares in the last quarter. Finally, Blair William & Co. IL increased its holdings in shares of Generac by 29.2% during the second quarter. Blair William & Co. IL now owns 457,475 shares of the technology company’s stock valued at $60,487,000 after acquiring an additional 103,439 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors.

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.