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

Generac Holdings Inc. (NYSE:GNRC – Get Rating) CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $218.70, for a total value of $1,093,500.00. Following the sale, the chief executive officer now owns 625,975 shares of the company’s stock, valued at approximately $136,900,732.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, April 1st, Aaron Jagdfeld sold 5,000 shares of Generac stock. The stock was sold at an average price of $298.74, for a total value of $1,493,700.00.
• On Tuesday, March 1st, Aaron Jagdfeld sold 5,000 shares of Generac stock. The stock was sold at an average price of $314.49, for a total value of $1,572,450.00.
• On Tuesday, February 1st, Aaron Jagdfeld sold 34,894 shares of Generac stock. The stock was sold at an average price of $282.46, for a total value of $9,856,159.24.

GNRC opened at $226.69 on Tuesday. The company has a quick ratio of 0.66, a current ratio of 1.60 and a debt-to-equity ratio of 0.41. The firm has a market cap of $14.46 billion, a P/E ratio of 27.28, a PEG ratio of 1.91 and a beta of 1.00. Generac Holdings Inc. has a 52 week low of $217.10 and a 52 week high of $524.31. The business’s fifty day simple moving average is $288.24 and its 200 day simple moving average is $338.38.

Generac (NYSE:GNRC – Get Rating) last posted its quarterly earnings data on Wednesday, February 16th. The technology company reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.38 by $0.13. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.02 billion. Generac had a return on equity of 34.50% and a net margin of 14.73%. The business’s revenue for the quarter was up 40.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.12 earnings per share. As a group, equities analysts expect that Generac Holdings Inc. will post 11.46 EPS for the current fiscal year.

Large investors have recently modified their holdings of the business. Scout Investments Inc. boosted its stake in Generac by 0.6% in the 4th quarter. Scout Investments Inc. now owns 164,768 shares of the technology company’s stock worth $57,985,000 after buying an additional 959 shares during the last quarter. Carnegie Capital Asset Management LLC boosted its stake in Generac by 310.8% in the 4th quarter. Carnegie Capital Asset Management LLC now owns 16,473 shares of the technology company’s stock worth $5,797,000 after buying an additional 12,463 shares during the last quarter. ProShare Advisors LLC boosted its stake in Generac by 50.5% in the 4th quarter. ProShare Advisors LLC now owns 14,176 shares of the technology company’s stock worth $4,990,000 after buying an additional 4,754 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Generac by 7.6% in the 4th quarter. CIBC Asset Management Inc now owns 6,097 shares of the technology company’s stock worth $2,146,000 after buying an additional 429 shares during the last quarter. Finally, Ensign Peak Advisors Inc boosted its stake in Generac by 14.4% in the 3rd quarter. Ensign Peak Advisors Inc now owns 20,131 shares of the technology company’s stock worth $8,226,000 after buying an additional 2,530 shares during the last quarter. 88.35% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on the company. Citigroup upped their price target on Generac from $375.00 to $380.00 and gave the stock a “buy” rating in a research note on Thursday, February 17th. JPMorgan Chase & Co. cut their price objective on Generac from $520.00 to $463.00 in a research report on Thursday, January 20th. Credit Suisse Group increased their price objective on Generac from $451.00 to $456.00 and gave the stock an “outperform” rating in a research report on Thursday, February 17th. KeyCorp cut their price objective on Generac from $435.00 to $350.00 and set an “overweight” rating for the company in a research report on Friday, April 22nd. Finally, Canaccord Genuity Group cut their price objective on Generac from $575.00 to $556.00 and set a “buy” rating for the company in a research report on Thursday, February 17th. Three research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $451.45.

About Generac (Get Rating)

Generac Holdings Inc designs, manufactures, and sells power generation equipment, energy storage systems, and other power products for the residential, and light commercial and industrial markets worldwide. The company offers engines, alternators, batteries, electronic controls, steel enclosures, and other components.

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