Insider Selling: Generac Holdings Inc. (NYSE:GNRC) CEO 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 Friday, November 1st. The stock was sold at an average price of $166.60, for a total transaction of $833,000.00. Following the completion of the transaction, the chief executive officer now 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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 Price Performance

Shares of NYSE GNRC opened at $181.80 on Wednesday. Generac Holdings Inc. has a twelve month low of $100.23 and a twelve month high of $182.31. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average of $157.94 and a two-hundred day moving average of $149.02. The company has a market capitalization of $10.94 billion, a price-to-earnings ratio of 37.72, a PEG ratio of 2.11 and a beta of 1.37.

Generac (NYSE:GNRC) last released its earnings results 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 business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.64 EPS. As a group, analysts expect that Generac Holdings Inc. will post 6.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Generac

Several large investors have recently modified their holdings of GNRC. DAVENPORT & Co LLC lifted its holdings in shares of Generac by 831.1% during 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 during the last quarter. Willis Investment Counsel increased its position in shares of Generac by 18.7% in the third quarter. Willis Investment Counsel now owns 105,007 shares of the technology company’s stock worth $16,684,000 after acquiring an additional 16,541 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Generac by 85.9% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,021 shares of the technology company’s stock worth $928,000 after acquiring an additional 3,244 shares in the last quarter. Epoch Investment Partners Inc. acquired a new stake in shares of Generac during the first quarter valued at approximately $1,053,000. Finally, Nwam LLC lifted its position in shares of Generac by 135.8% in the 1st quarter. Nwam LLC now owns 5,629 shares of the technology company’s stock valued at $768,000 after acquiring an additional 3,242 shares in the last quarter. 84.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on GNRC shares. JPMorgan Chase & Co. upped their target price on Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Truist Financial increased their target price on Generac from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Northland Securities boosted their price target on shares of Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Stephens reaffirmed an “overweight” rating and issued a $200.00 price objective on shares of Generac in a report on Monday, August 5th. Finally, Robert W. Baird reduced their target price on shares of Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $169.10.

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.