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

Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total value of $787,500.00. Following the completion of the sale, the chief executive officer now directly owns 570,825 shares of the company’s stock, valued at $89,904,937.50. This trade represents a 0.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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 value of $833,000.00.

Generac Stock Performance

Shares of GNRC traded up $1.88 during trading hours on Friday, hitting $158.88. The company’s stock had a trading volume of 560,339 shares, compared to its average volume of 672,415. The business has a 50 day simple moving average of $173.92 and a two-hundred day simple moving average of $158.80. Generac Holdings Inc. has a 52-week low of $108.89 and a 52-week high of $195.94. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. The company has a market cap of $9.45 billion, a price-to-earnings ratio of 32.96, a PEG ratio of 2.04 and a beta of 1.39.

Generac (NYSE:GNRC) last posted its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.27. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. Generac had a return on equity of 16.70% and a net margin of 7.17%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.64 earnings per share. On average, equities analysts expect that Generac Holdings Inc. will post 6.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Generac

Hedge funds and other institutional investors have recently modified their holdings of the stock. William Blair Investment Management LLC purchased a new stake in Generac in the second quarter valued at approximately $98,282,000. Dimensional Fund Advisors LP lifted its holdings in shares of Generac by 5.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 702,811 shares of the technology company’s stock worth $92,941,000 after acquiring an additional 35,026 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Generac by 114.8% in the third quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock worth $88,944,000 after acquiring an additional 299,205 shares in the last quarter. Blair William & Co. IL increased its stake in Generac by 29.2% in the second quarter. Blair William & Co. IL now owns 457,475 shares of the technology company’s stock valued at $60,487,000 after acquiring an additional 103,439 shares during the last quarter. Finally, Burgundy Asset Management Ltd. raised its position in Generac by 1.7% during the second quarter. Burgundy Asset Management Ltd. now owns 422,628 shares of the technology company’s stock valued at $55,880,000 after purchasing an additional 7,045 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on GNRC shares. Robert W. Baird dropped their price objective on shares of Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. StockNews.com upgraded Generac from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. Piper Sandler increased their price objective on Generac from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. The Goldman Sachs Group lifted their target price on Generac from $148.00 to $193.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Truist Financial upped their price target on Generac from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $175.30.

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.