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

Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld sold 5,000 shares of the firm’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 in the company, valued at approximately $100,202,968.86. This trade represents a 0.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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%

Shares of NYSE GNRC opened at $175.08 on Thursday. The firm has a market cap of $10.27 billion, a P/E ratio of 29.08, a price-to-earnings-growth ratio of 1.48 and a beta of 1.63. The firm’s 50 day moving average price is $171.91 and its 200 day moving average price is $141.19. Generac Holdings Inc. has a 1 year low of $99.50 and a 1 year high of $203.25. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.88 and a current ratio of 2.00.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.32. Generac had a net margin of 7.91% and a return on equity of 19.14%. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the company earned $1.35 EPS. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. Generac has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current year.

Hedge Funds Weigh In On Generac

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

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. UBS Group reissued a “buy” rating and set a $220.00 price objective (up from $200.00) on shares of Generac in a research note on Thursday, July 31st. Roth Capital boosted their price objective on shares of Generac from $122.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Wells Fargo & Company boosted their price objective on shares of Generac from $128.00 to $180.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Guggenheim raised shares of Generac from a “neutral” rating to a “buy” rating and set a $190.00 price objective for the company in a research note on Tuesday, July 29th. Finally, Barclays set a $200.00 price objective on shares of Generac and gave the company an “equal weight” rating in a research note on Wednesday, July 30th. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.