Aaron Jagdfeld Sells 5,000 Shares of Generac (NYSE:GNRC) Stock

Key Points

• Aaron Jagdfeld, CEO of Generac, sold 5,000 shares at an average price of $167.42, totaling $837,100, reducing his ownership stake by 0.90% to approximately $91.74 million.
• Generac recently reported earnings of $1.65 EPS, exceeding analyst estimates, with quarterly revenue reaching $1.06 billion, a growth of 6.3% year-over-year.
• Analysts have increased price targets for Generac, with recommendations ranging from a "buy" to "equal weight", setting target prices between $155.00 and $210.00.

Generac Holdings Inc. (NYSE:GNRC - Get Free Report) CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $167.42, for a total value of $837,100.00. Following the completion of the sale, the chief executive officer directly owned 547,966 shares of the company's stock, valued at approximately $91,740,467.72. This represents a 0.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, September 2nd, Aaron Jagdfeld sold 5,000 shares of Generac stock. The shares were sold at an average price of $181.21, for a total value of $906,050.00.

Generac Price Performance

Shares of NYSE:GNRC traded up $1.88 during midday trading on Thursday, hitting $169.77. The company had a trading volume of 533,060 shares, compared to its average volume of 938,700. Generac Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $203.25. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.00 and a quick ratio of 0.88. The stock has a market cap of $9.96 billion, a price-to-earnings ratio of 28.20, a price-to-earnings-growth ratio of 1.34 and a beta of 1.64. The business's 50-day simple moving average is $183.32 and its 200-day simple moving average is $147.03.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.33 by $0.32. Generac had a return on equity of 19.14% and a net margin of 7.91%.The firm had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.03 billion. During the same quarter last year, the firm earned $1.35 earnings per share. The business's revenue for the quarter was up 6.3% on a year-over-year basis. Generac has set its FY 2025 guidance at EPS. On average, research analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on GNRC. TD Cowen increased their price objective on Generac from $155.00 to $198.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. increased their price objective on Generac from $165.00 to $180.00 and gave the stock a "neutral" rating in a research report on Friday, September 19th. Wells Fargo & Company increased their price objective on Generac from $128.00 to $180.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Barclays set a $200.00 price objective on Generac and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. Finally, Stifel Nicolaus increased their price objective on Generac from $195.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $184.11.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Generac by 2.0% during the first quarter. Vanguard Group Inc. now owns 6,932,913 shares of the technology company's stock worth $878,053,000 after buying an additional 137,363 shares during the period. State Street Corp boosted its holdings in Generac by 2.1% in the second quarter. State Street Corp now owns 2,189,927 shares of the technology company's stock valued at $313,619,000 after purchasing an additional 45,592 shares during the period. Invesco Ltd. boosted its holdings in Generac by 40.9% in the second quarter. Invesco Ltd. now owns 1,992,447 shares of the technology company's stock valued at $285,338,000 after purchasing an additional 577,933 shares during the period. Ariel Investments LLC boosted its holdings in Generac by 11.7% in the second quarter. Ariel Investments LLC now owns 1,804,595 shares of the technology company's stock valued at $258,436,000 after purchasing an additional 188,717 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Generac by 3.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 914,905 shares of the technology company's stock valued at $131,024,000 after purchasing an additional 33,784 shares during the period. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

About Generac

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.

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