Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld Sells 5,000 Shares

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 Tuesday, July 1st. The stock was sold at an average price of $142.40, for a total value of $712,000.00. Following the transaction, the chief executive officer directly owned 562,966 shares in the company, valued at $80,166,358.40. This trade represents a 0.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Generac Price Performance

NYSE GNRC traded up $1.75 during midday trading on Thursday, hitting $152.37. The company had a trading volume of 716,859 shares, compared to its average volume of 862,703. The firm has a 50-day moving average price of $126.17 and a 200-day moving average price of $134.88. The company has a market capitalization of $9.00 billion, a PE ratio of 26.55, a P/E/G ratio of 1.32 and a beta of 1.72. The company has a current ratio of 1.97, a quick ratio of 0.89 and a debt-to-equity ratio of 0.48. Generac Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.27. The firm had revenue of $942.12 million for the quarter, compared to the consensus estimate of $921.78 million. Generac had a net margin of 7.68% and a return on equity of 18.90%. The business's revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.88 earnings per share. As a group, analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Generac

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Generac by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 6,932,913 shares of the technology company's stock valued at $878,053,000 after purchasing an additional 137,363 shares during the last quarter. Boston Partners grew its stake in shares of Generac by 39.0% during the fourth quarter. Boston Partners now owns 1,903,297 shares of the technology company's stock worth $295,123,000 after buying an additional 533,612 shares during the last quarter. Ariel Investments LLC increased its holdings in shares of Generac by 10.1% during the first quarter. Ariel Investments LLC now owns 1,615,878 shares of the technology company's stock worth $204,651,000 after buying an additional 148,551 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Generac by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 1,441,772 shares of the technology company's stock valued at $223,293,000 after acquiring an additional 14,844 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Generac by 25.3% during the 1st quarter. Invesco Ltd. now owns 1,414,514 shares of the technology company's stock valued at $179,148,000 after acquiring an additional 285,388 shares in the last quarter. Institutional investors own 84.04% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GNRC. Citigroup raised shares of Generac from a "neutral" rating to a "buy" rating and decreased their price objective for the company from $162.00 to $138.00 in a research report on Thursday, April 17th. Canaccord Genuity Group reduced their price target on Generac from $200.00 to $180.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Stephens restated an "overweight" rating and issued a $175.00 price objective on shares of Generac in a research note on Tuesday, May 27th. Piper Sandler cut their price objective on Generac from $175.00 to $155.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, TD Securities decreased their target price on Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, Generac presently has an average rating of "Moderate Buy" and a consensus target price of $169.17.

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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