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

Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $139.95, for a total transaction of $699,750.00. Following the sale, the chief executive officer now owns 587,177 shares in the company, valued at $82,175,421.15. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, April 1st, Aaron Jagdfeld sold 5,000 shares of Generac stock. The stock was sold at an average price of $126.94, for a total value of $634,700.00.

Generac Trading Up 3.7 %

NYSE:GNRC opened at $133.38 on Friday. The company has a market capitalization of $8.06 billion, a PE ratio of 36.74, a price-to-earnings-growth ratio of 1.76 and a beta of 1.41. Generac Holdings Inc. has a 52-week low of $79.86 and a 52-week high of $156.95. The stock has a fifty day simple moving average of $124.48 and a 200-day simple moving average of $118.08. The company has a quick ratio of 0.94, a current ratio of 2.29 and a debt-to-equity ratio of 0.61.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, May 1st. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.16. The company had revenue of $889.27 million during the quarter, compared to analysts’ expectations of $886.60 million. Generac had a net margin of 5.68% and a return on equity of 14.68%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.63 earnings per share. On average, equities research analysts expect that Generac Holdings Inc. will post 6.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GNRC has been the topic of a number of research reports. OTR Global upgraded Generac from a “mixed” rating to a “positive” rating in a research note on Tuesday, April 2nd. Guggenheim downgraded shares of Generac from a “buy” rating to a “neutral” rating in a research report on Thursday, February 15th. TD Cowen dropped their price objective on shares of Generac from $165.00 to $144.00 and set an “outperform” rating on the stock in a research note on Thursday, February 15th. Robert W. Baird increased their target price on shares of Generac from $112.00 to $129.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Finally, Oppenheimer boosted their price target on Generac from $140.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Generac has a consensus rating of “Moderate Buy” and a consensus target price of $142.40.

Hedge Funds Weigh In On Generac

Hedge funds have recently bought and sold shares of the stock. DAVENPORT & Co LLC grew its holdings in shares of Generac by 831.1% during the first quarter. DAVENPORT & Co LLC now owns 240,111 shares of the technology company’s stock worth $30,288,000 after buying an additional 214,322 shares in the last quarter. Wellington Shields & Co. LLC raised its holdings in Generac by 8.3% in the 1st quarter. Wellington Shields & Co. LLC now owns 7,165 shares of the technology company’s stock valued at $904,000 after acquiring an additional 550 shares during the last quarter. CapWealth Advisors LLC lifted its stake in shares of Generac by 165.6% during the 1st quarter. CapWealth Advisors LLC now owns 46,148 shares of the technology company’s stock worth $5,821,000 after purchasing an additional 28,774 shares during the period. Nicollet Investment Management Inc. acquired a new stake in shares of Generac during the first quarter worth $1,001,000. Finally, Smith Salley Wealth Management grew its position in shares of Generac by 8.2% in the first quarter. Smith Salley Wealth Management now owns 4,200 shares of the technology company’s stock valued at $530,000 after purchasing an additional 318 shares during the period. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Company Profile

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.