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

Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $133.39, for a total value of $666,950.00. Following the sale, the chief executive officer now owns 577,177 shares in the company, valued at approximately $76,989,640.03. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, May 1st, Aaron Jagdfeld sold 5,000 shares of Generac stock. The stock was sold at an average price of $139.95, for a total value of $699,750.00.

Generac Stock Performance

Shares of GNRC stock opened at $138.03 on Thursday. The company has a current ratio of 2.29, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61. The company has a market cap of $8.37 billion, a PE ratio of 38.02, a P/E/G ratio of 1.86 and a beta of 1.37. The company’s fifty day simple moving average is $140.18 and its 200-day simple moving average is $128.32. Generac Holdings Inc. has a 52 week low of $79.86 and a 52 week high of $156.95.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.72 by $0.16. Generac had a return on equity of 14.68% and a net margin of 5.68%. The company had revenue of $889.27 million for the quarter, compared to analyst estimates of $886.60 million. During the same period last year, the company posted $0.63 earnings per share. The firm’s revenue was up .2% compared to the same quarter last year. As a group, equities research analysts anticipate that Generac Holdings Inc. will post 6.15 EPS for the current year.

Hedge Funds Weigh In On Generac

Institutional investors and hedge funds have recently bought and sold shares of the stock. ICA Group Wealth Management LLC acquired a new position in shares of Generac during the fourth quarter worth $27,000. EntryPoint Capital LLC lifted its holdings in Generac by 73.2% in the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after buying an additional 90 shares in the last quarter. BKM Wealth Management LLC purchased a new position in Generac in the 4th quarter valued at about $28,000. ORG Partners LLC purchased a new position in Generac in the 4th quarter valued at about $38,000. Finally, Quarry LP grew its stake in shares of Generac by 219.6% during the fourth quarter. Quarry LP now owns 294 shares of the technology company’s stock valued at $38,000 after acquiring an additional 202 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on GNRC shares. Oppenheimer cut Generac from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 22nd. Truist Financial lifted their price target on shares of Generac from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Canaccord Genuity Group upped their price objective on shares of Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, April 5th. OTR Global raised shares of Generac from a “mixed” rating to a “positive” rating in a research note on Tuesday, April 2nd. Finally, Canaccord Genuity Group increased their price target on Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $141.67.

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.