Insider Selling: Generac (NYSE:GNRC) CEO Sells $837,100.00 in Stock

Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $167.42, for a total transaction of $837,100.00. Following the completion of the sale, the chief executive officer owned 547,966 shares in the company, valued at $91,740,467.72. This trade represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, September 2nd, Aaron Jagdfeld sold 5,000 shares of Generac stock. The stock was sold at an average price of $181.21, for a total transaction of $906,050.00.

Generac Stock Down 2.4%

Generac stock opened at $165.84 on Friday. The company has a current ratio of 2.00, a quick ratio of 0.88 and a debt-to-equity ratio of 0.50. Generac Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $203.25. The company has a fifty day simple moving average of $183.82 and a 200 day simple moving average of $147.52. The company has a market cap of $9.73 billion, a P/E ratio of 27.55, a price-to-earnings-growth ratio of 1.35 and a beta of 1.64.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 7.91% and a return on equity of 19.14%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.35 EPS. Generac has set its FY 2025 guidance at EPS. Research analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GNRC. Wells Fargo & Company boosted their price target on Generac from $128.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Generac in a research report on Saturday, September 27th. TD Cowen lifted their price objective on shares of Generac from $155.00 to $198.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Citigroup reaffirmed a “neutral” rating and issued a $219.00 target price (up from $138.00) on shares of Generac in a report on Tuesday, August 26th. Finally, UBS Group reiterated a “buy” rating and issued a $220.00 target price (up from $200.00) on shares of Generac in a research note on Thursday, July 31st. Twelve analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $184.11.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GNRC. MassMutual Private Wealth & Trust FSB lifted its position in 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 during the last quarter. MUFG Securities EMEA plc acquired a new position in shares of Generac in the second quarter valued at approximately $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Generac during the first quarter worth approximately $28,000. Creative Capital Management Investments LLC lifted its holdings in Generac by 740.7% during the 2nd quarter. Creative Capital Management Investments LLC now owns 227 shares of the technology company’s stock worth $33,000 after purchasing an additional 200 shares during the last quarter. Finally, Legend Financial Advisors Inc. bought a new stake in Generac in the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

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.