Insider Selling: Generac (NYSE:GNRC) CEO Sells 5,000 Shares of Stock

Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $206.00, for a total value of $1,030,000.00. Following the sale, the chief executive officer directly owned 544,528 shares of the company’s stock, valued at $112,172,768. This represents a 0.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 Tuesday, September 1st, Aaron Jagdfeld sold 5,000 shares of Generac stock. The stock was sold at an average price of $182.21, for a total value of $911,050.00.
• On Monday, August 3rd, Aaron Jagdfeld sold 5,000 shares of Generac stock. The shares were sold at an average price of $194.89, for a total value of $974,450.00.

Generac Stock Up 4.5%

GNRC traded up $9.33 during mid-day trading on Friday, reaching $217.24. 1,113,107 shares of the stock were exchanged, compared to its average volume of 1,089,779. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 2.04. The stock has a market capitalization of $12.82 billion, a PE ratio of 50.06, a price-to-earnings-growth ratio of 1.77 and a beta of 1.91. The company has a 50 day moving average price of $200.31 and a two-hundred day moving average price of $226.07. Generac Holdings Inc. has a 1 year low of $134.80 and a 1 year high of $296.44.

Generac (NYSE:GNRC) last posted 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 firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. Generac had a net margin of 5.82% and a return on equity of 17.83%. The business’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.65 EPS. As a group, research analysts anticipate that Generac Holdings Inc. will post 9.74 EPS for the current year.

Wall Street Analyst Weigh In

GNRC has been the subject of a number of research analyst reports. Citigroup decreased their price objective on shares of Generac from $300.00 to $232.00 and set a “neutral” rating for the company in a report on Wednesday. Zacks Research downgraded shares of Generac from a “strong-buy” rating to a “hold” rating in a research report on Monday. Canaccord Genuity Group raised their price target on shares of Generac from $275.00 to $375.00 and gave the stock a “buy” rating in a research note on Thursday, September 17th. UBS Group reaffirmed a “buy” rating on shares of Generac in a report on Friday, September 25th. Finally, Raymond James Financial set a $286.00 price objective on Generac in a research note on Thursday, September 17th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $292.25.

Hedge Funds Weigh In On Generac

Several large investors have recently modified their holdings of GNRC. BlackRock Inc. purchased a new position in Generac in the 2nd quarter valued at approximately $1,170,960,000. Arrowstreet Capital Limited Partnership grew its position in shares of Generac by 9.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,038,493 shares of the technology company’s stock valued at $202,849,000 after purchasing an additional 86,863 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of Generac in the second quarter valued at $175,942,000. Park Presidio Capital LLC bought a new stake in shares of Generac during the 2nd quarter valued at $158,140,000. Finally, Amundi lifted its holdings in Generac by 5.0% during the 2nd quarter. Amundi now owns 454,516 shares of the technology company’s stock worth $133,087,000 after purchasing an additional 21,500 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Company Profile

Generac Holdings Inc is an energy technology company that designs and manufactures power generation equipment, energy storage systems and other products intended to provide backup and distributed energy solutions. Its offerings serve residential, commercial, industrial and other users seeking standby power, portable power or greater control over energy use.

The company’s product portfolio includes home standby generators, portable generators, commercial and industrial generators, mobile power equipment, engines and related transfer switches and controls.