Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld Sells 45,207 Shares

Generac Holdings Inc. (NYSE:GNRC – Get Rating) CEO Aaron Jagdfeld sold 45,207 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $119.37, for a total value of $5,396,359.59. Following the completion of the sale, the chief executive officer now owns 615,269 shares in the company, valued at $73,444,660.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Generac Stock Up 3.8 %

Generac stock opened at $126.60 on Friday. The stock has a fifty day simple moving average of $114.37 and a two-hundred day simple moving average of $137.86. The company has a current ratio of 2.20, a quick ratio of 0.78 and a debt-to-equity ratio of 0.61. Generac Holdings Inc. has a 12 month low of $86.29 and a 12 month high of $329.50. The firm has a market cap of $7.84 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 1.91 and a beta of 1.18.

Generac (NYSE:GNRC – Get Rating) last issued its quarterly earnings data on Wednesday, February 15th. The technology company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.08. Generac had a return on equity of 23.82% and a net margin of 8.75%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the firm posted $2.51 earnings per share. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. Equities analysts predict that Generac Holdings Inc. will post 6.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Generac

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Generac by 1.2% during the third quarter. Vanguard Group Inc. now owns 6,950,406 shares of the technology company’s stock worth $1,238,146,000 after acquiring an additional 81,342 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Generac by 5.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 3,393,799 shares of the technology company’s stock valued at $714,666,000 after buying an additional 185,898 shares during the period. Artisan Partners Limited Partnership boosted its position in shares of Generac by 92.8% during the second quarter. Artisan Partners Limited Partnership now owns 1,692,209 shares of the technology company’s stock valued at $356,345,000 after buying an additional 814,325 shares during the period. Brown Advisory Inc. purchased a new position in shares of Generac during the fourth quarter valued at approximately $159,193,000. Finally, Ariel Investments LLC boosted its position in shares of Generac by 248.2% during the fourth quarter. Ariel Investments LLC now owns 1,311,879 shares of the technology company’s stock valued at $132,054,000 after buying an additional 935,076 shares during the period. 88.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on GNRC shares. Stifel Nicolaus boosted their target price on Generac from $98.00 to $130.00 in a research note on Thursday, February 16th. Oppenheimer upped their price objective on Generac from $137.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday. Robert W. Baird upped their price objective on Generac from $119.00 to $136.00 and gave the stock a “neutral” rating in a report on Thursday, February 16th. Argus cut Generac from a “buy” rating to a “hold” rating in a report on Friday, November 25th. Finally, Wells Fargo & Company cut Generac from an “overweight” rating to an “equal weight” rating and set a $135.00 target price for the company. in a report on Friday, February 17th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $201.64.

Generac Company Profile

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Generac Holdings, Inc engages in the design and manufacture of power generation equipment and other power products. It operates through the following segments: Domestic and International. The Domestic segment includes the legacy Generac, and the impact of acquisitions that are based in the U.S. and Canada.