Generac (NYSE:GNRC) CEO Sells $837,100.00 in Stock

Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $167.42, for a total transaction of $837,100.00. Following the completion of the sale, the chief executive officer owned 547,966 shares in the company, valued at approximately $91,740,467.72. This trade represents a 0.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, September 2nd, Aaron Jagdfeld sold 5,000 shares of Generac stock. The stock was sold at an average price of $181.21, for a total transaction of $906,050.00.

Generac Price Performance

Shares of GNRC opened at $165.84 on Friday. The firm’s 50-day simple moving average is $183.82 and its two-hundred day simple moving average is $147.61. The stock has a market cap of $9.73 billion, a PE ratio of 27.55, a price-to-earnings-growth ratio of 1.32 and a beta of 1.64. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $203.25. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.88 and a current ratio of 2.00.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, July 30th. The technology company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.32. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. Generac had a net margin of 7.91% and a return on equity of 19.14%. The business’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.35 earnings per share. Generac has set its FY 2025 guidance at EPS. Analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aaron Wealth Advisors LLC bought a new position in Generac in the third quarter worth approximately $577,000. GAMMA Investing LLC raised its position in Generac by 38.6% in the third quarter. GAMMA Investing LLC now owns 1,827 shares of the technology company’s stock worth $306,000 after acquiring an additional 509 shares during the period. Valeo Financial Advisors LLC bought a new position in Generac in the second quarter worth approximately $217,000. Osaic Holdings Inc. raised its position in Generac by 25.4% in the second quarter. Osaic Holdings Inc. now owns 26,000 shares of the technology company’s stock worth $3,639,000 after acquiring an additional 5,274 shares during the period. Finally, Centaurus Financial Inc. bought a new position in Generac in the second quarter worth approximately $109,000. Institutional investors own 84.04% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on GNRC shares. Barclays set a $200.00 target price on shares of Generac and gave the stock an “equal weight” rating in a research note on Wednesday, July 30th. Wall Street Zen downgraded shares of Generac from a “buy” rating to a “hold” rating in a research note on Sunday, September 28th. Canaccord Genuity Group dropped their target price on shares of Generac from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Thursday, September 25th. UBS Group restated a “buy” rating and set a $220.00 price objective (up previously from $200.00) on shares of Generac in a research report on Thursday, July 31st. Finally, Wells Fargo & Company increased their price objective on shares of Generac from $128.00 to $180.00 and gave the company an “equal weight” rating in a research report on Thursday, July 31st. Twelve investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $184.11.

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.