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

Generac Holdings Inc. (NYSE:GNRCGet Rating) CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $218.70, for a total transaction of $1,093,500.00. Following the completion of the sale, the chief executive officer now owns 625,975 shares in the company, valued at $136,900,732.50. The sale 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 Friday, April 1st, Aaron Jagdfeld sold 5,000 shares of Generac stock. The shares were sold at an average price of $298.74, for a total transaction of $1,493,700.00.
  • On Tuesday, March 1st, Aaron Jagdfeld sold 5,000 shares of Generac stock. The shares were sold at an average price of $314.49, for a total transaction 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 transaction of $9,856,159.24.

NYSE:GNRC opened at $226.69 on Tuesday. The stock has a fifty day moving average price of $288.24 and a two-hundred day moving average price of $338.38. The stock has a market capitalization of $14.46 billion, a price-to-earnings ratio of 27.28, a PEG ratio of 1.91 and a beta of 1.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 1.60. Generac Holdings Inc. has a 1 year low of $217.10 and a 1 year high of $524.31.

Generac (NYSE:GNRCGet Rating) last released its quarterly earnings data on Wednesday, February 16th. The technology company reported $2.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.38 by $0.13. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Generac had a return on equity of 34.50% and a net margin of 14.73%. Generac’s revenue was up 40.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.12 earnings per share. On average, analysts predict that Generac Holdings Inc. will post 11.46 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Greenleaf Trust boosted its stake in shares of Generac by 0.6% during the third quarter. Greenleaf Trust now owns 3,957 shares of the technology company’s stock valued at $1,617,000 after acquiring an additional 25 shares during the last quarter. Bbva USA boosted its stake in Generac by 22.1% in the 3rd quarter. Bbva USA now owns 166 shares of the technology company’s stock worth $68,000 after buying an additional 30 shares during the last quarter. Aldebaran Financial Inc. boosted its stake in Generac by 2.7% in the 4th quarter. Aldebaran Financial Inc. now owns 1,355 shares of the technology company’s stock worth $477,000 after buying an additional 35 shares during the last quarter. Neville Rodie & Shaw Inc. boosted its stake in Generac by 2.2% in the 1st quarter. Neville Rodie & Shaw Inc. now owns 1,620 shares of the technology company’s stock worth $488,000 after buying an additional 35 shares during the last quarter. Finally, Profund Advisors LLC boosted its stake in Generac by 4.1% in the 4th quarter. Profund Advisors LLC now owns 985 shares of the technology company’s stock worth $347,000 after buying an additional 39 shares during the last quarter. 88.35% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently commented on GNRC. UBS Group lowered 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. Robert W. Baird lowered their price objective on Generac from $471.00 to $400.00 in a research report on Thursday, February 17th. Zacks Investment Research raised Generac from a “sell” rating to a “hold” rating and set a $318.00 price objective for the company in a research report on Friday, February 18th. Stifel Nicolaus lowered their price objective on Generac from $500.00 to $415.00 and set a “hold” rating for the company in a research report on Tuesday, February 22nd. Finally, KeyCorp lowered their price target on Generac from $435.00 to $350.00 and set an “overweight” rating for the company in a report on Friday, April 22nd. Three investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price 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.

Further Reading

Insider Buying and Selling by Quarter for Generac (NYSE:GNRC)

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