Generac Holdings Inc. (NYSE:GNRC) CEO Sells $833,000.00 in Stock

Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $166.60, for a total value of $833,000.00. Following the completion of the transaction, the chief executive officer now directly owns 557,177 shares in the company, valued at approximately $92,825,688.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, October 1st, Aaron Jagdfeld sold 5,000 shares of Generac stock. The stock was sold at an average price of $158.93, for a total transaction of $794,650.00.

Generac Stock Up 1.1 %

Shares of Generac stock traded up $1.83 during midday trading on Monday, hitting $170.74. The company’s stock had a trading volume of 768,781 shares, compared to its average volume of 950,836. Generac Holdings Inc. has a 1-year low of $100.23 and a 1-year high of $176.14. The company has a quick ratio of 0.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $10.27 billion, a P/E ratio of 35.41, a PEG ratio of 2.13 and a beta of 1.37. The stock has a 50-day simple moving average of $157.17 and a 200-day simple moving average of $148.43.

Generac (NYSE:GNRC) last announced 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 during 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 business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the company posted $1.64 EPS. As a group, sell-side analysts expect that Generac Holdings Inc. will post 6.49 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on GNRC shares. Wells Fargo & Company increased their price objective on shares of Generac from $139.00 to $156.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Roth Mkm increased their price target on shares of Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Scotiabank boosted their price objective on Generac from $147.00 to $160.00 and gave the company a “sector perform” rating in a report on Monday, July 29th. Canaccord Genuity Group increased their target price on Generac from $177.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $175.00 price target (up from $145.00) on shares of Generac in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $169.10.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. William Blair Investment Management LLC purchased a new position in shares of Generac during the 2nd quarter valued at $98,282,000. International Assets Investment Management LLC boosted its position in Generac by 25,311.7% during the third 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 during the last quarter. DAVENPORT & Co LLC grew its stake in Generac by 831.1% in the first quarter. DAVENPORT & Co LLC now owns 240,111 shares of the technology company’s stock valued at $30,288,000 after purchasing an additional 214,322 shares in the last quarter. Stephens Investment Management Group LLC increased its position in Generac by 678.5% in the 3rd quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company’s stock worth $30,560,000 after purchasing an additional 167,641 shares during the last quarter. Finally, Blair William & Co. IL raised its stake in shares of Generac by 29.2% during the 2nd quarter. Blair William & Co. IL now owns 457,475 shares of the technology company’s stock worth $60,487,000 after purchasing an additional 103,439 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

About Generac

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.