Key Points
- Generac CEO Aaron Jagdfeld sold 5,000 shares at an average price of $206, generating $1.03 million. The transaction occurred under a pre-arranged Rule 10b5-1 plan, leaving him with 544,528 shares.
- Generac reported quarterly EPS of $2.91, well above the $2.01 consensus estimate, while revenue rose 10.3% year over year to $1.17 billion, slightly below expectations.
- Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $292.25; hedge funds and institutions own approximately 84.04% of the stock.
Generac Holdings Inc. (NYSE:GNRC - Get Free Report) CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $206.00, for a total value of $1,030,000.00. Following the completion of the transaction, the chief executive officer directly owned 544,528 shares of the company's stock, valued at $112,172,768. The trade was a 0.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Aaron Jagdfeld also recently made the following trade(s):
- On Tuesday, September 1st, Aaron Jagdfeld sold 5,000 shares of Generac stock. The stock was sold at an average price of $182.21, for a total value of $911,050.00.
- On Monday, August 3rd, Aaron Jagdfeld sold 5,000 shares of Generac stock. The stock was sold at an average price of $194.89, for a total transaction of $974,450.00.
Generac Price Performance
Shares of NYSE GNRC opened at $217.24 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.04 and a quick ratio of 1.00. The stock has a market capitalization of $12.82 billion, a price-to-earnings ratio of 50.06, a PEG ratio of 1.78 and a beta of 1.91. The firm's 50 day simple moving average is $200.61 and its 200-day simple moving average is $226.01. Generac Holdings Inc. has a 12 month low of $134.80 and a 12 month high of $296.44.
Generac (NYSE:GNRC - Get Free Report) last posted its earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.90. Generac had a net margin of 5.82% and a return on equity of 17.83%. The firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.18 billion. During the same period in the previous year, the business posted $1.65 EPS. The business's revenue was up 10.3% compared to the same quarter last year. Analysts expect that Generac Holdings Inc. will post 9.74 EPS for the current year.
Hedge Funds Weigh In On Generac
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nicollet Investment Management Inc. increased its stake in shares of Generac by 0.7% during the fourth quarter. Nicollet Investment Management Inc. now owns 7,734 shares of the technology company's stock worth $1,055,000 after purchasing an additional 50 shares in the last quarter. Root Financial Partners LLC lifted its stake in Generac by 32.9% in the 1st quarter. Root Financial Partners LLC now owns 218 shares of the technology company's stock valued at $43,000 after buying an additional 54 shares in the last quarter. Essential Partners LLC lifted its stake in Generac by 57.0% in 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. Oarsman Capital Inc. boosted its holdings in Generac by 4.3% in the 2nd quarter. Oarsman Capital Inc. now owns 1,492 shares of the technology company's stock worth $437,000 after buying an additional 61 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in Generac by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 16,190 shares of the technology company's stock worth $4,741,000 after buying an additional 64 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages have weighed in on GNRC. Stephens reiterated an "overweight" rating and issued a $335.00 price objective on shares of Generac in a research report on Thursday, September 17th. 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. Raymond James Financial set a $286.00 price target on Generac in a research note on Thursday, September 17th. Citigroup reduced their price target on Generac from $300.00 to $232.00 and set a "neutral" rating for the company in a report on Wednesday. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Generac in a research report on Thursday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Generac has an average rating of "Moderate Buy" and an average target price of $292.25.
Check Out Our Latest Analysis on Generac
About Generac
(
Get Free Report)
Generac Holdings Inc is an energy technology company that designs and manufactures power generation equipment, energy storage systems and other products intended to provide backup and distributed energy solutions. Its offerings serve residential, commercial, industrial and other users seeking standby power, portable power or greater control over energy use.
The company's product portfolio includes home standby generators, portable generators, commercial and industrial generators, mobile power equipment, engines and related transfer switches and controls.
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