Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $97.34, for a total value of $486,700.00. Following the sale, the chief executive officer now owns 675,143 shares of the company’s stock, valued at $65,718,419.62. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of GNRC stock traded up $0.06 during trading hours on Tuesday, reaching $97.56. The company had a trading volume of 397,928 shares, compared to its average volume of 513,686. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.30 and a current ratio of 2.39. The stock has a fifty day moving average of $92.33 and a 200-day moving average of $76.36. The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 3.08 and a beta of 1.18. Generac Holdings Inc. has a 12-month low of $45.43 and a 12-month high of $100.35.
Generac (NYSE:GNRC) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $1.43 EPS for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.10. The firm had revenue of $601.14 million for the quarter, compared to the consensus estimate of $583.14 million. Generac had a return on equity of 36.32% and a net margin of 11.85%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 earnings per share. On average, analysts forecast that Generac Holdings Inc. will post 4.91 EPS for the current year.
A number of large investors have recently modified their holdings of GNRC. Squar Milner Financial Services LLC raised its holdings in shares of Generac by 347.1% during the 3rd quarter. Squar Milner Financial Services LLC now owns 380 shares of the technology company’s stock worth $29,000 after acquiring an additional 295 shares during the period. Stonebridge Capital Advisors LLC purchased a new stake in shares of Generac in the second quarter valued at about $69,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Generac in the second quarter valued at about $76,000. Tower Research Capital LLC TRC purchased a new stake in shares of Generac in the second quarter valued at about $98,000. Finally, Bartlett & Co. LLC acquired a new stake in Generac during the third quarter worth about $118,000. Institutional investors own 96.84% of the company’s stock.
Several equities analysts have recently weighed in on the company. Canaccord Genuity set a $95.00 target price on Generac and gave the company a “hold” rating in a research report on Friday, November 1st. Northcoast Research raised their price objective on Generac from $93.00 to $118.00 and gave the company a “buy” rating in a report on Friday, November 1st. Zacks Investment Research upgraded Generac from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a report on Thursday, November 28th. Finally, Bank of America lowered shares of Generac from a “buy” rating to a “neutral” rating and set a $108.00 target price for the company. in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $103.40.
Generac Holdings Inc designs, manufactures, and sells power generation equipment and other power products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.
Receive News & Ratings for Generac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Generac and related companies with MarketBeat.com's FREE daily email newsletter.