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

Generac Holdings Inc. (NYSE:GNRCGet Free Report) CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $133.39, for a total value of $666,950.00. Following the completion of the sale, the chief executive officer now directly owns 577,177 shares of the company’s stock, valued at approximately $76,989,640.03. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • On Wednesday, May 1st, Aaron Jagdfeld sold 5,000 shares of Generac stock. The shares were sold at an average price of $139.95, for a total transaction of $699,750.00.

Generac Trading Up 0.5 %

Shares of GNRC stock opened at $138.03 on Friday. The firm has a fifty day moving average of $140.16 and a 200-day moving average of $128.38. The stock has a market cap of $8.37 billion, a price-to-earnings ratio of 38.02, a P/E/G ratio of 1.86 and a beta of 1.37. Generac Holdings Inc. has a 52-week low of $79.86 and a 52-week high of $156.95. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 2.29.

Generac (NYSE:GNRCGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.16. The firm had revenue of $889.27 million during the quarter, compared to analyst estimates of $886.60 million. Generac had a net margin of 5.68% and a return on equity of 14.68%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.63 earnings per share. On average, equities research analysts forecast that Generac Holdings Inc. will post 6.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on GNRC shares. Oppenheimer downgraded shares of Generac from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 22nd. Canaccord Genuity Group boosted their price target on Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Canaccord Genuity Group increased their price objective on Generac from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, April 5th. Guggenheim lowered Generac from a “neutral” rating to a “sell” rating and set a $120.00 target price for the company. in a report on Thursday, May 30th. Finally, StockNews.com cut Generac from a “buy” rating to a “hold” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $141.67.

Check Out Our Latest Stock Analysis on GNRC

Hedge Funds Weigh In On Generac

Several hedge funds and other institutional investors have recently modified their holdings of GNRC. Capital World Investors raised its stake in Generac by 2.1% during the first quarter. Capital World Investors now owns 1,230,434 shares of the technology company’s stock worth $155,207,000 after acquiring an additional 25,646 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Generac by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 665,629 shares of the technology company’s stock worth $86,026,000 after purchasing an additional 15,490 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Generac by 23.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 610,100 shares of the technology company’s stock valued at $78,854,000 after purchasing an additional 115,728 shares during the last quarter. Norges Bank acquired a new position in Generac in the fourth quarter valued at about $67,253,000. Finally, Ninety One UK Ltd grew its stake in Generac by 13.4% during the fourth quarter. Ninety One UK Ltd now owns 476,897 shares of the technology company’s stock worth $61,634,000 after buying an additional 56,169 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

About Generac

(Get Free Report)

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.

Further Reading

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

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