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 firm’s 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 sale, the chief executive officer now owns 557,177 shares in the company, valued at approximately $92,825,688.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through 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 6.5 %

Shares of NYSE:GNRC opened at $181.80 on Wednesday. The company has a market capitalization of $10.94 billion, a price-to-earnings ratio of 37.72, a price-to-earnings-growth ratio of 2.11 and a beta of 1.37. The company has a 50 day moving average of $157.94 and a two-hundred day moving average of $149.02. Generac Holdings Inc. has a 52-week low of $100.23 and a 52-week high of $182.31. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56.

Generac (NYSE:GNRC) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the business earned $1.64 EPS. The business’s revenue was up 9.6% on a year-over-year basis. As a group, analysts forecast that Generac Holdings Inc. will post 6.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Private Advisor Group LLC boosted its stake in Generac by 2.6% during the 1st quarter. Private Advisor Group LLC now owns 13,328 shares of the technology company’s stock valued at $1,681,000 after acquiring an additional 344 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Generac by 22.8% during the first quarter. Daiwa Securities Group Inc. now owns 2,022 shares of the technology company’s stock worth $255,000 after purchasing an additional 376 shares during the last quarter. Smith Salley Wealth Management grew its stake in Generac by 8.2% in the first quarter. Smith Salley Wealth Management now owns 4,200 shares of the technology company’s stock worth $530,000 after purchasing an additional 318 shares in the last quarter. CapWealth Advisors LLC increased its holdings in Generac by 165.6% in the first quarter. CapWealth Advisors LLC now owns 46,148 shares of the technology company’s stock valued at $5,821,000 after buying an additional 28,774 shares during the last quarter. Finally, Wellington Shields & Co. LLC raised its stake in Generac by 8.3% during the first quarter. Wellington Shields & Co. LLC now owns 7,165 shares of the technology company’s stock valued at $904,000 after buying an additional 550 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analyst Ratings Changes

GNRC has been the topic of several recent analyst reports. Stephens reiterated an “overweight” rating and set a $200.00 target price on shares of Generac in a research report on Monday, August 5th. Piper Sandler raised their target price on shares of Generac from $175.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Robert W. Baird dropped their price target on shares of Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Citigroup lifted their price target on shares of Generac from $128.00 to $172.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, StockNews.com upgraded Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $169.10.

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.