Generac Holdings Inc. (NYSE:GNRC - Get Free Report) CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $194.89, for a total transaction of $974,450.00. Following the completion of the sale, the chief executive officer directly owned 554,528 shares in the company, valued at approximately $108,071,961.92. The trade was a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Aaron Jagdfeld also recently made the following trade(s):
- On Monday, June 1st, Aaron Jagdfeld sold 5,000 shares of Generac stock. The shares were sold at an average price of $272.18, for a total value of $1,360,900.00.
Generac Stock Performance
Shares of GNRC stock opened at $219.03 on Wednesday. The stock has a market cap of $12.89 billion, a PE ratio of 50.47, a price-to-earnings-growth ratio of 1.74 and a beta of 1.92. The business has a 50-day simple moving average of $248.10 and a 200-day simple moving average of $225.57. The company has a quick ratio of 1.00, a current ratio of 2.04 and a debt-to-equity ratio of 0.43. Generac Holdings Inc. has a 52-week low of $134.80 and a 52-week high of $296.44.
Generac (NYSE:GNRC - Get Free Report) last issued its earnings results on Wednesday, July 29th. The technology company reported $2.91 EPS for the quarter, topping analysts' consensus estimates of $2.01 by $0.90. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.18 billion. Generac had a return on equity of 17.83% and a net margin of 5.82%.The company's revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.65 earnings per share. On average, equities analysts expect that Generac Holdings Inc. will post 9.63 EPS for the current year.
Institutional Investors Weigh In On Generac
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Invesco Ltd. lifted its holdings in Generac by 49.9% during the fourth quarter. Invesco Ltd. now owns 2,423,971 shares of the technology company's stock valued at $330,557,000 after purchasing an additional 806,430 shares in the last quarter. Diamant Asset Management Inc. lifted its stake in Generac by 19,433.0% in the 1st quarter. Diamant Asset Management Inc. now owns 666,075 shares of the technology company's stock valued at $130,104,000 after buying an additional 662,665 shares in the last quarter. Bank of Montreal Can lifted its stake in Generac by 1,141.1% in the 4th quarter. Bank of Montreal Can now owns 695,600 shares of the technology company's stock valued at $94,859,000 after buying an additional 639,551 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Generac by 127.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 959,337 shares of the technology company's stock worth $130,825,000 after buying an additional 536,732 shares during the last quarter. Finally, Norges Bank acquired a new stake in Generac in the 4th quarter worth about $68,590,000. Hedge funds and other institutional investors own 84.04% of the company's stock.
Wall Street Analyst Weigh In
Several research firms recently issued reports on GNRC. Canaccord Genuity Group decreased their target price on shares of Generac from $325.00 to $275.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. DA Davidson set a $333.00 price objective on shares of Generac in a research report on Thursday, July 30th. Wall Street Zen raised shares of Generac from a "hold" rating to a "strong-buy" rating in a research note on Saturday, May 9th. Barclays dropped their target price on Generac from $285.00 to $278.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 30th. Finally, TD Cowen restated a "buy" rating on shares of Generac in a research note on Monday, July 20th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $284.84.
View Our Latest Stock Report on Generac
About Generac
(
Get Free Report)
Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.
Generac's product lineup addresses a broad range of customer needs.
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