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

Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $139.95, for a total transaction of $699,750.00. Following the sale, the chief executive officer now directly owns 587,177 shares in the company, valued at approximately $82,175,421.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, April 1st, Aaron Jagdfeld sold 5,000 shares of Generac stock. The shares were sold at an average price of $126.94, for a total transaction of $634,700.00.

Generac Price Performance

Shares of NYSE GNRC opened at $133.38 on Friday. Generac Holdings Inc. has a fifty-two week low of $79.86 and a fifty-two week high of $156.95. The firm’s 50-day simple moving average is $124.48 and its 200 day simple moving average is $118.20. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.94 and a current ratio of 2.29. The stock has a market cap of $8.06 billion, a price-to-earnings ratio of 36.74, a PEG ratio of 1.76 and a beta of 1.41.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, May 1st. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.72 by $0.16. Generac had a net margin of 5.68% and a return on equity of 14.68%. The firm had revenue of $889.27 million for the quarter, compared to analysts’ expectations of $886.60 million. During the same quarter last year, the firm earned $0.63 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. As a group, research analysts anticipate that Generac Holdings Inc. will post 6.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Generac

Hedge funds have recently modified their holdings of the company. ICA Group Wealth Management LLC bought a new position in shares of Generac during the 4th quarter worth approximately $27,000. BKM Wealth Management LLC purchased a new stake in shares of Generac during the 4th quarter worth approximately $28,000. Headlands Technologies LLC purchased a new stake in shares of Generac during the 3rd quarter worth approximately $28,000. ORG Partners LLC purchased a new stake in shares of Generac during the 4th quarter worth approximately $38,000. Finally, Quarry LP increased its stake in shares of Generac by 219.6% during the 4th quarter. Quarry LP now owns 294 shares of the technology company’s stock worth $38,000 after purchasing an additional 202 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. UBS Group cut their price target on shares of Generac from $160.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. Roth Mkm upped their price target on shares of Generac from $120.00 to $135.00 and gave the company a “neutral” rating in a research report on Tuesday, April 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 report on Friday, April 5th. Guggenheim lowered shares of Generac from a “buy” rating to a “neutral” rating in a report on Thursday, February 15th. Finally, TD Cowen dropped their price objective on shares of Generac from $165.00 to $144.00 and set an “outperform” rating on the stock in a report on Thursday, February 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $142.40.

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.