Generac Holdings Inc. (NYSE:GNRC) CEO Sells $787,500.00 in Stock

Generac Holdings Inc. (NYSE:GNRC - Get Free Report) CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total value of $787,500.00. Following the sale, the chief executive officer now owns 570,825 shares of the company's stock, valued at approximately $89,904,937.50. This trade represents a 0.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, November 1st, Aaron Jagdfeld sold 5,000 shares of Generac stock. The stock was sold at an average price of $166.60, for a total transaction of $833,000.00.

Generac Price Performance

GNRC stock traded up $1.88 during trading on Friday, hitting $158.88. 584,149 shares of the stock traded hands, compared to its average volume of 684,324. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. The stock has a market cap of $9.45 billion, a price-to-earnings ratio of 32.96, a P/E/G ratio of 2.04 and a beta of 1.39. Generac Holdings Inc. has a one year low of $108.89 and a one year high of $195.94. The company has a 50 day simple moving average of $173.81 and a 200 day simple moving average of $158.96.

Generac (NYSE:GNRC - Get Free Report) last announced its earnings results on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, topping the consensus estimate of $1.98 by $0.27. Generac had a return on equity of 16.70% and a net margin of 7.17%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the business earned $1.64 EPS. Generac's revenue was up 9.6% compared to the same quarter last year. Equities analysts expect that Generac Holdings Inc. will post 6.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GNRC. Truist Financial raised their price target on Generac from $170.00 to $210.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Citigroup upped their price target on Generac from $128.00 to $172.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. raised their price objective on shares of Generac from $160.00 to $178.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Stifel Nicolaus upped their target price on shares of Generac from $185.00 to $210.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Finally, Roth Mkm raised their price target on shares of Generac from $160.00 to $175.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, Generac has an average rating of "Moderate Buy" and an average price target of $175.30.

Institutional Trading of Generac

Hedge funds and other institutional investors have recently made changes to their positions in the business. Modus Advisors LLC bought a new position in shares of Generac in the fourth quarter worth about $27,000. GAMMA Investing LLC increased its holdings in shares of Generac by 28.5% in the fourth quarter. GAMMA Investing LLC now owns 1,733 shares of the technology company's stock valued at $269,000 after purchasing an additional 384 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Generac by 391.9% in the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company's stock valued at $28,000 after purchasing an additional 145 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Generac by 5.0% during the 3rd quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company's stock worth $11,324,000 after buying an additional 3,426 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its position in Generac by 0.8% in the 3rd quarter. Retirement Systems of Alabama now owns 13,476 shares of the technology company's stock valued at $2,141,000 after buying an additional 105 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

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.