Generac Holdings Inc. (NYSE:GNRC) CEO Sells $1,117,200.00 in Stock

Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld sold 20,000 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $55.86, for a total transaction of $1,117,200.00. Following the completion of the sale, the chief executive officer now owns 681,043 shares in the company, valued at approximately $38,043,061.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • On Wednesday, May 1st, Aaron Jagdfeld sold 20,000 shares of Generac stock. The stock was sold at an average price of $54.92, for a total transaction of $1,098,400.00.
  • On Monday, April 1st, Aaron Jagdfeld sold 20,000 shares of Generac stock. The stock was sold at an average price of $52.00, for a total transaction of $1,040,000.00.

Generac stock traded down $0.36 during trading hours on Friday, reaching $69.41. 1,036,544 shares of the company’s stock traded hands, compared to its average volume of 522,607. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.06 and a quick ratio of 0.92. Generac Holdings Inc. has a fifty-two week low of $45.43 and a fifty-two week high of $70.29. The company has a market cap of $4.35 billion, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 2.30 and a beta of 1.10. The business’s 50 day moving average price is $60.60.

Generac (NYSE:GNRC) last released its earnings results on Thursday, May 2nd. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.14. Generac had a net margin of 11.84% and a return on equity of 41.59%. The company had revenue of $470.35 million for the quarter, compared to the consensus estimate of $450.73 million. During the same period in the prior year, the company posted $0.74 EPS. The company’s revenue was up 17.6% compared to the same quarter last year. On average, analysts forecast that Generac Holdings Inc. will post 4.67 EPS for the current fiscal year.

Several brokerages recently issued reports on GNRC. Bank of America reiterated a “buy” rating and set a $83.00 price target (up previously from $75.00) on shares of Generac in a research report on Thursday. ValuEngine upgraded shares of Generac from a “hold” rating to a “buy” rating in a research report on Friday, June 21st. Zacks Investment Research upgraded shares of Generac from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Friday, May 3rd. Finally, Northcoast Research upgraded shares of Generac from a “neutral” rating to a “buy” rating and set a $70.00 price target on the stock in a research report on Friday, May 3rd. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $63.25.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Enlightenment Research LLC acquired a new position in Generac during the 4th quarter worth approximately $25,000. Exane Derivatives acquired a new stake in shares of Generac in the 1st quarter valued at approximately $36,000. Zions Bancorporation N.A. acquired a new stake in shares of Generac in the 1st quarter valued at approximately $39,000. Murphy Pohlad Asset Management LLC acquired a new stake in shares of Generac in the 4th quarter valued at approximately $49,000. Finally, Quadrant Capital Group LLC acquired a new stake in shares of Generac in the 1st quarter valued at approximately $52,000. 94.32% of the stock is owned by institutional investors and hedge funds.

About Generac

Generac Holdings Inc designs, manufactures, and sells power generation equipment and other power products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.

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Insider Buying and Selling by Quarter for Generac (NYSE:GNRC)

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