Insider Selling: Generac (NYSE:GNRC) CEO Sells $832,150.00 in Stock

Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $166.43, for a total transaction of $832,150.00. Following the completion of the sale, the chief executive officer owned 542,966 shares of the company’s stock, valued at approximately $90,365,831.38. The trade was a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Wednesday, October 1st, Aaron Jagdfeld sold 5,000 shares of Generac stock. The stock was sold at an average price of $167.42, for a total transaction of $837,100.00.
• On Tuesday, September 2nd, Aaron Jagdfeld sold 5,000 shares of Generac stock. The shares were sold at an average price of $181.21, for a total transaction of $906,050.00.

Generac Trading Up 1.0%

GNRC stock opened at $155.29 on Friday. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $203.25. The company has a market cap of $9.11 billion, a price-to-earnings ratio of 29.58, a PEG ratio of 1.53 and a beta of 1.69. The company has a quick ratio of 0.88, a current ratio of 2.18 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $176.82 and a 200-day simple moving average of $157.64.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, October 29th. The technology company reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.42). The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Generac had a net margin of 6.92% and a return on equity of 17.63%. Generac’s revenue was down 5.0% on a year-over-year basis. During the same period last year, the firm posted $2.25 EPS. Generac has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Generac Holdings Inc. will post 8 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of Generac from $128.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. UBS Group dropped their price objective on shares of Generac from $220.00 to $215.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Roth Capital set a $184.00 target price on shares of Generac and gave the company a “neutral” rating in a research note on Thursday, October 30th. Wall Street Zen cut shares of Generac from a “buy” rating to a “hold” rating in a research report on Sunday, September 28th. Finally, Barclays raised their price objective on Generac from $188.00 to $197.00 and gave the company an “equal weight” rating in a research report on Friday, October 31st. Thirteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.06.

Hedge Funds Weigh In On Generac

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Private Trust Co. NA lifted its stake in shares of Generac by 42.9% in the first quarter. Private Trust Co. NA now owns 300 shares of the technology company’s stock worth $38,000 after acquiring an additional 90 shares in the last quarter. World Investment Advisors purchased a new stake in Generac during the 1st quarter worth approximately $1,436,000. Envestnet Asset Management Inc. raised its position in shares of Generac by 4.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 564,856 shares of the technology company’s stock valued at $71,539,000 after purchasing an additional 22,659 shares in the last quarter. Brown Advisory Inc. boosted its stake in shares of Generac by 9.0% during the 1st quarter. Brown Advisory Inc. now owns 812,259 shares of the technology company’s stock valued at $102,873,000 after buying an additional 67,180 shares during the last quarter. Finally, CapWealth Advisors LLC grew its position in shares of Generac by 14.4% during the first quarter. CapWealth Advisors LLC now owns 51,505 shares of the technology company’s stock worth $6,523,000 after buying an additional 6,465 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other 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.