Generac Holdings Inc. (NYSE:GNRC – Get Free Report) CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $194.89, for a total value of $974,450.00. Following the completion of the sale, the chief executive officer owned 554,528 shares in the company, valued at $108,071,961.92. This trade represents a 0.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Aaron Jagdfeld also recently made the following trade(s):
- On Monday, June 1st, Aaron Jagdfeld sold 5,000 shares of Generac stock. The shares were sold at an average price of $272.18, for a total value of $1,360,900.00.
Generac Trading Up 8.9%
Shares of GNRC traded up $17.82 during mid-day trading on Tuesday, reaching $219.03. 1,682,320 shares of the company were exchanged, compared to its average volume of 1,053,303. The business has a 50 day simple moving average of $249.22 and a two-hundred day simple moving average of $225.16. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 2.04. The stock has a market capitalization of $12.89 billion, a PE ratio of 50.47, a PEG ratio of 1.76 and a beta of 1.92. Generac Holdings Inc. has a 52 week low of $134.80 and a 52 week high of $296.44.
Analysts Set New Price Targets
GNRC has been the subject of several recent analyst reports. Wells Fargo & Company increased their price objective on shares of Generac from $238.00 to $280.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Robert W. Baird set a $305.00 target price on shares of Generac in a report on Thursday, July 30th. Weiss Ratings downgraded Generac from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, July 14th. Canaccord Genuity Group lowered their price objective on Generac from $325.00 to $275.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Generac in a research note on Wednesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Generac has a consensus rating of “Moderate Buy” and an average target price of $284.84.
Check Out Our Latest Stock Report on GNRC
Hedge Funds Weigh In On Generac
A number of large investors have recently modified their holdings of GNRC. NewEdge Advisors LLC increased its position in shares of Generac by 6.2% during the first quarter. NewEdge Advisors LLC now owns 2,439 shares of the technology company’s stock worth $309,000 after acquiring an additional 142 shares in the last quarter. Woodline Partners LP lifted its position in Generac by 40.9% in the 1st quarter. Woodline Partners LP now owns 5,036 shares of the technology company’s stock valued at $638,000 after acquiring an additional 1,463 shares in the last quarter. First Trust Advisors LP boosted its stake in Generac by 27.6% during the 2nd quarter. First Trust Advisors LP now owns 101,298 shares of the technology company’s stock valued at $14,507,000 after purchasing an additional 21,908 shares during the last quarter. Cerity Partners LLC boosted its stake in Generac by 1.6% during the 2nd quarter. Cerity Partners LLC now owns 50,550 shares of the technology company’s stock valued at $7,239,000 after purchasing an additional 816 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in Generac by 8.6% during the 2nd quarter. California Public Employees Retirement System now owns 104,246 shares of the technology company’s stock worth $14,929,000 after purchasing an additional 8,213 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors.
Generac Company Profile
Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.
Generac’s product lineup addresses a broad range of customer needs.
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