Generac Holdings Inc. (GNRC) CEO Sells $882,200.00 in Stock
Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $44.11, for a total value of $882,200.00. Following the transaction, the chief executive officer now directly owns 946,463 shares in the company, valued at approximately $41,748,482.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Aaron Jagdfeld also recently made the following trade(s):
- On Thursday, February 1st, Aaron Jagdfeld sold 20,000 shares of Generac stock. The stock was sold at an average price of $48.54, for a total value of $970,800.00.
- On Tuesday, January 2nd, Aaron Jagdfeld sold 20,000 shares of Generac stock. The stock was sold at an average price of $49.03, for a total value of $980,600.00.
Generac Holdings Inc. (GNRC) traded up $0.78 during trading on Monday, hitting $44.50. The stock had a trading volume of 364,813 shares, compared to its average volume of 478,928. Generac Holdings Inc. has a 52 week low of $33.77 and a 52 week high of $53.78. The company has a quick ratio of 1.13, a current ratio of 2.10 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $2,724.88, a P/E ratio of 17.38, a price-to-earnings-growth ratio of 1.90 and a beta of 1.60.
A number of brokerages have weighed in on GNRC. Zacks Investment Research raised Generac from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Tuesday, January 23rd. Wolfe Research downgraded Generac from a “market perform” rating to an “underperform” rating in a research report on Monday, November 20th. ValuEngine downgraded Generac from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. Robert W. Baird reissued a “buy” rating and set a $52.00 price target on shares of Generac in a research report on Wednesday, February 14th. Finally, Bank of America reissued a “buy” rating and set a $49.84 price target (down previously from $58.00) on shares of Generac in a research report on Monday, February 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $51.36.
Institutional investors have recently bought and sold shares of the company. IFP Advisors Inc grew its position in shares of Generac by 26,222.2% in the third quarter. IFP Advisors Inc now owns 2,369 shares of the technology company’s stock valued at $109,000 after purchasing an additional 2,360 shares during the last quarter. Macquarie Group Ltd. acquired a new position in shares of Generac in the third quarter valued at approximately $175,000. Financial Gravity Companies Inc. acquired a new position in shares of Generac in the fourth quarter valued at approximately $190,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Generac in the fourth quarter valued at approximately $193,000. Finally, Rothschild Investment Corp IL acquired a new position in shares of Generac in the fourth quarter valued at approximately $203,000. 98.96% of the stock is currently owned by institutional investors.
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Generac Company Profile
Generac Holdings Inc (Generac) is a designer and manufacturer of power generation equipment and other engine powered products. The Company serves the residential, light commercial, industrial, oil and gas, and construction markets. Its segments include Domestic and International. The Domestic segment includes the Generac business.
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