Insider Selling: Generac Holdings Inc. (NYSE:GNRC) CEO Sells 5,000 Shares of Stock

Generac Holdings Inc. (NYSE:GNRC - Get Free Report) CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $142.40, for a total transaction of $712,000.00. Following the sale, the chief executive officer owned 562,966 shares of the company's stock, valued at $80,166,358.40. This trade represents a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Generac Price Performance

Shares of NYSE GNRC traded up $1.75 during trading on Friday, reaching $152.37. The company had a trading volume of 716,859 shares, compared to its average volume of 865,103. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $195.94. The business's 50 day moving average price is $127.72 and its 200-day moving average price is $134.53. The stock has a market cap of $9.00 billion, a PE ratio of 26.55, a PEG ratio of 1.37 and a beta of 1.72. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.89 and a current ratio of 1.97.

Generac (NYSE:GNRC - Get Free Report) last released its earnings results on Wednesday, April 30th. The technology company reported $1.26 EPS for the quarter, beating the consensus estimate of $0.99 by $0.27. Generac had a return on equity of 18.90% and a net margin of 7.68%. The company had revenue of $942.12 million during the quarter, compared to analysts' expectations of $921.78 million. During the same period last year, the firm earned $0.88 EPS. The business's revenue for the quarter was up 5.9% on a year-over-year basis. Analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current year.

Analyst Upgrades and Downgrades

GNRC has been the topic of several research analyst reports. TD Cowen lowered their price objective on shares of Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Citigroup upgraded shares of Generac from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $162.00 to $138.00 in a report on Thursday, April 17th. Wells Fargo & Company reduced their target price on shares of Generac from $165.00 to $128.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. Piper Sandler lowered their price target on Generac from $175.00 to $155.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, Stifel Nicolaus cut their price target on Generac from $200.00 to $195.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $169.17.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Hurley Capital LLC bought a new stake in shares of Generac during the fourth quarter worth approximately $26,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Generac during the first quarter worth $28,000. Quadrant Capital Group LLC increased its holdings in Generac by 61.7% in the fourth quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company's stock valued at $35,000 after purchasing an additional 87 shares during the last quarter. Private Trust Co. NA lifted its stake in Generac by 42.9% in the first quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock valued at $38,000 after buying an additional 90 shares during the period. Finally, Colonial Trust Advisors boosted its holdings in Generac by 357.1% during the first quarter. Colonial Trust Advisors now owns 320 shares of the technology company's stock worth $41,000 after buying an additional 250 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

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.