Insider Selling: Generac Holdings Inc. (NYSE:GNRC) CEO Sells $833,000.00 in Stock

Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $166.60, for a total transaction of $833,000.00. Following the completion of the sale, the chief executive officer now owns 557,177 shares of the company’s stock, valued at approximately $92,825,688.20. The trade was a 0.00 % decrease in their position. The transaction 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 Tuesday, October 1st, Aaron Jagdfeld sold 5,000 shares of Generac stock. The stock was sold at an average price of $158.93, for a total value of $794,650.00.

Generac Stock Up 0.9 %

Shares of GNRC opened at $183.50 on Thursday. Generac Holdings Inc. has a 52 week low of $100.23 and a 52 week high of $188.30. The firm has a market capitalization of $11.04 billion, a P/E ratio of 38.07, a P/E/G ratio of 2.11 and a beta of 1.37. The company has a 50-day simple moving average of $158.54 and a 200-day simple moving average of $149.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.27. Generac had a return on equity of 16.70% and a net margin of 7.17%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the company earned $1.64 EPS. The company’s quarterly revenue was up 9.6% on a year-over-year basis. On average, equities research analysts expect that Generac Holdings Inc. will post 6.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on GNRC shares. JPMorgan Chase & Co. upped their target price on Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. TD Cowen raised their price objective on shares of Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Stifel Nicolaus reissued a “buy” rating and issued a $175.00 target price (up from $145.00) on shares of Generac in a research report on Thursday, August 1st. Roth Mkm raised their price target on shares of Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, The Goldman Sachs Group upped their price objective on shares of Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $169.10.

Institutional Investors Weigh In On Generac

Institutional investors and hedge funds have recently bought and sold shares of the business. EntryPoint Capital LLC lifted its holdings in shares of Generac by 73.2% during the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after acquiring an additional 90 shares during the period. Sunbelt Securities Inc. lifted its stake in Generac by 97.1% during the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after purchasing an additional 100 shares during the period. Capital Advisors Ltd. LLC boosted its holdings in Generac by 611.1% during the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock valued at $34,000 after purchasing an additional 220 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Generac by 73.5% in the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock valued at $36,000 after purchasing an additional 97 shares during the period. Finally, Fairfield Financial Advisors LTD acquired a new position in shares of Generac in the 2nd quarter worth approximately $38,000. Institutional investors own 84.04% of the company’s stock.

About Generac

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.