Key Points
- Generac CEO Aaron Jagdfeld sold 5,000 shares for approximately $911,050 at an average price of $182.21 under a pre-arranged Rule 10b5-1 trading plan. He still directly owns 549,528 shares worth about $100.1 million.
- Generac reported quarterly earnings of $2.91 per share, beating analyst expectations of $2.01, while revenue reached $1.17 billion and increased 10.3% year over year.
- Analyst sentiment remains positive, with the stock carrying a consensus “Moderate Buy” rating and an average price target of $284.84; institutional investors own approximately 84.04% of the company.
Generac Holdings Inc. (NYSE:GNRC - Get Free Report) CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $182.21, for a total value of $911,050.00. Following the sale, the chief executive officer directly owned 549,528 shares of the company's stock, valued at $100,129,496.88. This trade represents a 0.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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, August 3rd, Aaron Jagdfeld sold 5,000 shares of Generac stock. The shares were sold at an average price of $194.89, for a total value of $974,450.00.
Generac Price Performance
Shares of NYSE:GNRC opened at $180.97 on Thursday. Generac Holdings Inc. has a twelve month low of $134.80 and a twelve month high of $296.44. The company has a current ratio of 2.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.43. The company has a market cap of $10.68 billion, a PE ratio of 41.70, a price-to-earnings-growth ratio of 1.55 and a beta of 1.91. The company's 50 day moving average is $220.18 and its 200 day moving average is $230.01.
Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.91 EPS for the quarter, beating the consensus estimate of $2.01 by $0.90. The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.18 billion. Generac had a net margin of 5.82% and a return on equity of 17.83%. The business's quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.65 EPS. On average, sell-side analysts forecast that Generac Holdings Inc. will post 9.78 EPS for the current year.
Hedge Funds Weigh In On Generac
Hedge funds have recently bought and sold shares of the business. Nicollet Investment Management Inc. grew its holdings in Generac by 0.7% in the fourth quarter. Nicollet Investment Management Inc. now owns 7,734 shares of the technology company's stock valued at $1,055,000 after purchasing an additional 50 shares during the period. Root Financial Partners LLC raised its stake in shares of Generac by 32.9% during the 1st quarter. Root Financial Partners LLC now owns 218 shares of the technology company's stock worth $43,000 after buying an additional 54 shares during the period. Gen Wealth Partners Inc raised its stake in shares of Generac by 8.7% during the 4th quarter. Gen Wealth Partners Inc now owns 675 shares of the technology company's stock worth $92,000 after buying an additional 54 shares during the period. Meridian Financial Partners LLC lifted its position in shares of Generac by 0.6% during the 4th quarter. Meridian Financial Partners LLC now owns 10,056 shares of the technology company's stock valued at $1,371,000 after buying an additional 61 shares in the last quarter. Finally, Essential Partners LLC lifted its position in shares of Generac by 57.0% during the 1st quarter. Essential Partners LLC now owns 168 shares of the technology company's stock valued at $33,000 after buying an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the company. Barclays reduced their price objective on Generac from $285.00 to $278.00 and set an "equal weight" rating for the company in a research note on Thursday, July 30th. UBS Group boosted their price target on Generac from $335.00 to $340.00 and gave the company a "buy" rating in a report on Tuesday, August 4th. Citigroup raised their price objective on shares of Generac from $263.00 to $300.00 and gave the stock a "neutral" rating in a research note on Thursday, July 2nd. Weiss Ratings raised shares of Generac from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, August 5th. Finally, Zacks Research raised shares of Generac from a "hold" rating to a "strong-buy" rating in a report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Generac presently has an average rating of "Moderate Buy" and a consensus target price of $284.84.
Check Out Our Latest Stock Analysis 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.
Further Reading
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