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 on Tuesday, September 1st. The shares were sold at an average price of $182.21, for a total transaction of $911,050.00. Following the completion of the transaction, the chief executive officer directly owned 549,528 shares of the company’s stock, valued at approximately $100,129,496.88. This trade represents a 0.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 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 Stock Down 0.2%

Shares of NYSE GNRC traded down $0.45 during mid-day trading on Wednesday, hitting $180.97. The company had a trading volume of 668,146 shares, compared to its average volume of 1,045,747. The company has a current ratio of 2.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.43. The firm has a 50-day simple moving average of $222.24 and a two-hundred day simple moving average of $230.26. The company has a market capitalization of $10.68 billion, a PE ratio of 41.70, a price-to-earnings-growth ratio of 1.58 and a beta of 1.91. Generac Holdings Inc. has a one year low of $134.80 and a one year high of $296.44.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.90. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.18 billion. Generac had a return on equity of 17.83% and a net margin of 5.82%.Generac’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.65 earnings per share. On average, equities analysts expect that Generac Holdings Inc. will post 9.78 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GNRC. Canaccord Genuity Group dropped their price target on shares of Generac from $325.00 to $275.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Citigroup boosted their price objective on shares of Generac from $263.00 to $300.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. Needham & Company LLC upped their target price on shares of Generac from $282.00 to $283.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Wall Street Zen upgraded Generac from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 9th. Finally, Weiss Ratings raised Generac from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Generac has a consensus rating of “Moderate Buy” and a consensus price target of $284.84.

Institutional Trading of Generac

A number of hedge funds have recently modified their holdings of GNRC. California State Teachers Retirement System raised its holdings in Generac by 29,322.7% in the 2nd quarter. California State Teachers Retirement System now owns 19,945,924 shares of the technology company’s stock valued at $5,840,366,000 after acquiring an additional 19,878,133 shares during the period. BlackRock Inc. bought a new stake in shares of Generac during the second quarter worth approximately $1,170,960,000. Invesco Ltd. boosted its holdings in shares of Generac by 49.9% during the fourth quarter. Invesco Ltd. now owns 2,423,971 shares of the technology company’s stock worth $330,557,000 after acquiring an additional 806,430 shares during the period. State Street Corp grew its position in shares of Generac by 2.1% in the second quarter. State Street Corp now owns 2,189,927 shares of the technology company’s stock valued at $313,619,000 after purchasing an additional 45,592 shares during the last quarter. Finally, Boston Partners increased its stake in shares of Generac by 7.1% during the third quarter. Boston Partners now owns 1,947,332 shares of the technology company’s stock worth $326,003,000 after purchasing an additional 128,439 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Company Profile

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.