Generac Holdings Inc. (GNRC) CEO Aaron Jagdfeld Sells 20,000 Shares of Stock

Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld sold 20,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $49.03, for a total value of $980,600.00. Following the completion of the sale, the chief executive officer now directly owns 990,411 shares of the company’s stock, valued at $48,559,851.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Wednesday, November 1st, Aaron Jagdfeld sold 5,000 shares of Generac stock. The shares were sold at an average price of $52.00, for a total value of $260,000.00.

Generac Holdings Inc. (NYSE:GNRC) opened at $50.41 on Friday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.01 and a current ratio of 1.77. Generac Holdings Inc. has a 12 month low of $33.77 and a 12 month high of $53.78. The stock has a market capitalization of $3,112.53, a price-to-earnings ratio of 26.53, a price-to-earnings-growth ratio of 1.61 and a beta of 1.74.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.04. Generac had a return on equity of 46.06% and a net margin of 7.47%. The firm had revenue of $457.25 million during the quarter, compared to analyst estimates of $420.42 million. During the same period in the prior year, the company posted $0.82 earnings per share. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. equities analysts anticipate that Generac Holdings Inc. will post 3.22 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in GNRC. Schwab Charles Investment Management Inc. increased its stake in shares of Generac by 6.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 433,183 shares of the technology company’s stock valued at $15,651,000 after buying an additional 25,536 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Generac by 698.3% in the second quarter. BNP Paribas Arbitrage SA now owns 10,138 shares of the technology company’s stock valued at $366,000 after buying an additional 8,868 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Generac by 17.7% in the second quarter. Victory Capital Management Inc. now owns 3,847 shares of the technology company’s stock valued at $139,000 after buying an additional 578 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Generac by 29.0% in the second quarter. JPMorgan Chase & Co. now owns 2,294,301 shares of the technology company’s stock valued at $82,893,000 after buying an additional 515,905 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Generac by 23.4% in the second quarter. Alliancebernstein L.P. now owns 198,920 shares of the technology company’s stock valued at $7,187,000 after buying an additional 37,760 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

GNRC has been the subject of several research reports. Zacks Investment Research raised Generac from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Wednesday, October 11th. Bank of America raised Generac from a “neutral” rating to a “buy” rating and increased their price objective for the company from $45.00 to $50.00 in a research report on Friday, September 15th. KeyCorp increased their price objective on Generac from $55.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, October 20th. BidaskClub cut Generac from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $42.00 target price (up from $40.00) on shares of Generac in a research report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Generac currently has an average rating of “Buy” and an average target price of $53.00.

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About Generac

Generac Holdings Inc (Generac) is a designer and manufacturer of power generation equipment and other engine powered products. The Company serves the residential, light commercial, industrial, oil and gas, and construction markets. Its segments include Domestic and International. The Domestic segment includes the Generac business.

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