Generac (NYSE:GNRC) CEO Aaron Jagdfeld Sells 5,000 Shares of 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 transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Generac Trading Up 0.3%

Shares of GNRC opened at $285.29 on Thursday. The company has a market capitalization of $16.80 billion, a P/E ratio of 89.43, a P/E/G ratio of 2.66 and a beta of 1.93. Generac Holdings Inc. has a one year low of $123.66 and a one year high of $294.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.99 and a current ratio of 2.03. The stock has a 50-day moving average price of $234.94 and a 200 day moving average price of $196.20.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.47. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. Generac had a return on equity of 15.45% and a net margin of 4.37%.Generac’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.26 earnings per share. Sell-side analysts forecast that Generac Holdings Inc. will post 8.91 EPS for the current fiscal year.

Institutional Investors Weigh In On Generac

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GNRC. MUFG Securities EMEA plc bought a new stake in Generac during the second quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd bought a new stake in Generac during the third quarter worth approximately $26,000. Sentry Investment Management LLC raised its holdings in 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 purchasing an additional 67 shares in the last quarter. Avalon Trust Co bought a new stake in Generac during the first quarter worth approximately $32,000. Finally, Essential Partners LLC raised its holdings in 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 purchasing an additional 61 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on GNRC. Barclays lifted their target price on Generac from $213.00 to $228.00 and gave the company an “equal weight” rating in a research note on Friday, March 27th. Robert W. Baird set a $311.00 price objective on Generac in a research report on Thursday, April 30th. Zacks Research upgraded Generac from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th. Canaccord Genuity Group boosted their price objective on Generac from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Stifel Nicolaus set a $275.00 price objective on Generac in a research report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.