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

Key Points

• Generac CEO Aaron Jagdfeld sold 5,000 shares of the company's stock at an average price of $181.21, totaling approximately $906,050, which reduced his ownership by 0.90%.
• Generac's stock has seen a decline of 2.5%, trading at $175.08 with a market cap of $10.27 billion.
• After recent analyst changes, Generac holds a consensus rating of "Moderate Buy" with an average target price of $174.56 amid varied ratings from multiple research analysts.

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, September 2nd. The stock was sold at an average price of $181.21, for a total transaction of $906,050.00. Following the sale, the chief executive officer owned 552,966 shares of the company's stock, valued at approximately $100,202,968.86. This represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, July 1st, Aaron Jagdfeld sold 5,000 shares of Generac stock. The stock was sold at an average price of $142.40, for a total transaction of $712,000.00.

Generac Stock Down 2.5%

Generac stock traded down $4.43 during trading on Wednesday, reaching $175.08. 788,926 shares of the company's stock were exchanged, compared to its average volume of 931,621. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $203.25. The company's 50-day moving average is $171.20 and its two-hundred day moving average is $140.96. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.88 and a current ratio of 2.00. The firm has a market cap of $10.27 billion, a price-to-earnings ratio of 29.08, a PEG ratio of 1.48 and a beta of 1.63.

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

Institutional Investors Weigh In On Generac

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GNRC. New York Life Investment Management LLC raised its position in Generac by 0.7% in the second quarter. New York Life Investment Management LLC now owns 7,924 shares of the technology company's stock worth $1,135,000 after acquiring an additional 58 shares in the last quarter. Beacon Investment Advisors LLC raised its position in Generac by 0.3% during the second quarter. Beacon Investment Advisors LLC now owns 26,226 shares of the technology company's stock valued at $3,735,000 after buying an additional 70 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Generac by 1.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,456 shares of the technology company's stock valued at $1,001,000 after purchasing an additional 72 shares during the period. Pine Haven Investment Counsel Inc lifted its position in Generac by 2.7% in the 2nd quarter. Pine Haven Investment Counsel Inc now owns 2,861 shares of the technology company's stock worth $410,000 after buying an additional 75 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Generac by 81.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company's stock worth $25,000 after acquiring an additional 77 shares in the last quarter. Institutional investors own 84.04% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wall Street Zen downgraded Generac from a "buy" rating to a "hold" rating in a report on Monday. JPMorgan Chase & Co. raised Generac from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $56.00 to $68.00 in a report on Monday, August 11th. Wells Fargo & Company raised their price objective on Generac from $128.00 to $180.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Barclays set a $200.00 price objective on Generac and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Finally, Citigroup restated a "neutral" rating and issued a $219.00 price target (up from $138.00) on shares of Generac in a research report on Tuesday, August 26th. Thirteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $174.56.

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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