Generac Holdings Inc. (NYSE:GNRC) CEO Sells $725,750.00 in Stock

Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the sale, the chief executive officer now directly owns 565,825 shares of the company’s stock, valued at $82,129,498.75. The trade was a 0.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, January 2nd, Aaron Jagdfeld sold 5,000 shares of Generac stock. The stock was sold at an average price of $157.50, for a total value of $787,500.00.

Generac Stock Performance

Generac stock opened at $142.22 on Friday. The stock has a fifty day moving average price of $160.90 and a two-hundred day moving average price of $160.97. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. The firm has a market capitalization of $8.46 billion, a P/E ratio of 29.51, a P/E/G ratio of 1.51 and a beta of 1.42. Generac Holdings Inc. has a 52-week low of $108.89 and a 52-week high of $195.94.

Analyst Ratings Changes

GNRC has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price target on Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a report on Friday, November 1st. TD Cowen upped their price target on Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus upped their price target on Generac from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Piper Sandler cut their price target on Generac from $200.00 to $185.00 and set an “overweight” rating for the company in a report on Friday. Finally, Citigroup cut their target price on Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Generac presently has an average rating of “Moderate Buy” and a consensus price target of $173.55.

Institutional Trading of Generac

Several large investors have recently made changes to their positions in GNRC. Sanctuary Advisors LLC bought a new stake in shares of Generac during the second quarter worth $2,501,000. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Generac by 85.9% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,021 shares of the technology company’s stock worth $928,000 after purchasing an additional 3,244 shares during the last quarter. Centaurus Financial Inc. bought a new stake in shares of Generac during the second quarter worth $101,000. Czech National Bank grew its holdings in shares of Generac by 6.1% during the third quarter. Czech National Bank now owns 12,253 shares of the technology company’s stock worth $1,947,000 after purchasing an additional 702 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Generac by 14.0% during the third quarter. SG Americas Securities LLC now owns 8,787 shares of the technology company’s stock worth $1,396,000 after purchasing an additional 1,079 shares during the last quarter. Institutional investors 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.