Generac Holdings Inc. (NYSE:GNRC) CEO Sells $794,650.00 in Stock

Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total transaction of $794,650.00. Following the completion of the transaction, the chief executive officer now owns 562,177 shares in the company, valued at $89,346,790.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Generac Trading Up 2.4 %

Shares of Generac stock traded up $3.79 during trading on Wednesday, hitting $161.96. The company’s stock had a trading volume of 734,726 shares, compared to its average volume of 957,646. The stock has a market cap of $9.82 billion, a price-to-earnings ratio of 43.58, a price-to-earnings-growth ratio of 1.88 and a beta of 1.38. Generac Holdings Inc. has a 52 week low of $79.86 and a 52 week high of $169.57. The stock has a 50-day moving average price of $148.56 and a two-hundred day moving average price of $141.80. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.25 and a quick ratio of 0.99.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, July 31st. The technology company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.15. Generac had a return on equity of 15.35% and a net margin of 6.03%. The firm had revenue of $998.20 million for the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the company posted $1.08 EPS. The business’s revenue was down .2% on a year-over-year basis. Equities research analysts anticipate that Generac Holdings Inc. will post 6.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina increased its position in shares of Generac by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 26,973 shares of the technology company’s stock worth $3,486,000 after buying an additional 260 shares during the period. Bank of Nova Scotia boosted its position in Generac by 1,350.9% during the fourth quarter. Bank of Nova Scotia now owns 32,559 shares of the technology company’s stock valued at $4,208,000 after acquiring an additional 30,315 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Generac during the 4th quarter worth about $578,000. KBC Group NV raised its position in shares of Generac by 108.1% in the 4th quarter. KBC Group NV now owns 15,850 shares of the technology company’s stock worth $2,049,000 after acquiring an additional 8,235 shares in the last quarter. Finally, Royal London Asset Management Ltd. lifted its stake in shares of Generac by 2.2% in the 4th quarter. Royal London Asset Management Ltd. now owns 23,932 shares of the technology company’s stock valued at $3,093,000 after purchasing an additional 507 shares during the period. Institutional investors own 84.04% of the company’s stock.

Analysts Set New Price Targets

GNRC has been the topic of a number of analyst reports. StockNews.com upgraded shares of Generac from a “hold” rating to a “buy” rating in a research report on Friday, September 20th. Stifel Nicolaus reiterated a “buy” rating and set a $175.00 target price (up from $145.00) on shares of Generac in a research report on Thursday, August 1st. TD Cowen boosted their target price on shares of Generac from $144.00 to $172.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Robert W. Baird lifted their price objective on shares of Generac from $142.00 to $163.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Finally, Northland Securities raised their target price on Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Generac presently has an average rating of “Hold” and a consensus target price of $154.71.

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.