Generac Holdlings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $52.00, for a total value of $260,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,029,911 shares in the company, valued at $53,555,372. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

  • On Monday, October 2nd, Aaron Jagdfeld sold 5,000 shares of Generac Holdlings stock. The shares were sold at an average price of $47.76, for a total value of $238,800.00.
  • On Friday, September 1st, Aaron Jagdfeld sold 5,000 shares of Generac Holdlings stock. The shares were sold at an average price of $40.44, for a total value of $202,200.00.

Generac Holdlings Inc. (NYSE GNRC) traded down $0.14 during mid-day trading on Friday, reaching $50.20. The company had a trading volume of 541,936 shares, compared to its average volume of 561,904. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 16.29 and a beta of 1.79.

Generac Holdlings (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. Generac Holdlings had a return on equity of 47.63% and a net margin of 7.47%. The business had revenue of $457.25 million for the quarter, compared to the consensus estimate of $420.42 million. During the same period in the prior year, the business earned $0.82 EPS. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. sell-side analysts expect that Generac Holdlings Inc. will post 3.1 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This article was originally published by American Banking News and is the property of of American Banking News. If you are viewing this article on another publication, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/11/03/generac-holdlings-inc-gnrc-ceo-aaron-jagdfeld-sells-5000-shares.html.

A number of research analysts have recently issued reports on the company. Zacks Investment Research downgraded Generac Holdlings from a “buy” rating to a “hold” rating in a research note on Tuesday. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Generac Holdlings in a research note on Wednesday. Canaccord Genuity reissued a “hold” rating and issued a $54.00 price objective (up from $50.00) on shares of Generac Holdlings in a research note on Thursday. BidaskClub raised Generac Holdlings from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Finally, Bank of America Corporation set a $56.00 price objective on Generac Holdlings and gave the company a “buy” rating in a research note on Monday, October 23rd. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Generac Holdlings currently has a consensus rating of “Buy” and a consensus price target of $52.43.

Hedge funds have recently bought and sold shares of the stock. Alps Advisors Inc. purchased a new stake in shares of Generac Holdlings in the third quarter worth approximately $498,000. Principal Financial Group Inc. raised its stake in shares of Generac Holdlings by 23.3% in the third quarter. Principal Financial Group Inc. now owns 10,559 shares of the technology company’s stock worth $485,000 after purchasing an additional 1,996 shares during the last quarter. Capital Management Corp VA raised its stake in shares of Generac Holdlings by 2.5% in the third quarter. Capital Management Corp VA now owns 86,815 shares of the technology company’s stock worth $3,987,000 after purchasing an additional 2,095 shares during the last quarter. Chicago Equity Partners LLC raised its stake in shares of Generac Holdlings by 17.2% in the third quarter. Chicago Equity Partners LLC now owns 26,910 shares of the technology company’s stock worth $1,236,000 after purchasing an additional 3,945 shares during the last quarter. Finally, Foundry Partners LLC raised its stake in shares of Generac Holdlings by 5.1% in the third quarter. Foundry Partners LLC now owns 335,446 shares of the technology company’s stock worth $15,407,000 after purchasing an additional 16,314 shares during the last quarter. 97.05% of the stock is currently owned by institutional investors and hedge funds.

About Generac Holdlings

Generac Holdings Inc (Generac) is a designer and manufacturer of power generation equipment and other engine powered products. The Company serves the residential, light commercial, industrial, oil and gas, and construction markets. Its segments include Domestic and International. The Domestic segment includes the Generac business.

Receive News & Ratings for Generac Holdlings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Generac Holdlings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.