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 firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the sale, the chief executive officer now owns 565,825 shares of the company’s stock, valued at $82,129,498.75. This represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a filing 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 shares were sold at an average price of $157.50, for a total value of $787,500.00.

Generac Price Performance

GNRC traded down $0.25 on Wednesday, reaching $142.31. The company had a trading volume of 534,667 shares, compared to its average volume of 760,105. Generac Holdings Inc. has a one year low of $108.89 and a one year high of $195.94. The company has a market capitalization of $8.47 billion, a P/E ratio of 29.52, a PEG ratio of 1.51 and a beta of 1.42. The company has a fifty day moving average of $162.81 and a 200-day moving average of $161.23. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Citigroup decreased their price target on shares of Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. StockNews.com raised shares of Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. The Goldman Sachs Group lifted their price target on Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Roth Mkm upped their price objective on Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Stifel Nicolaus lifted their target price on Generac from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $174.30.

Institutional Trading of Generac

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Trust N.A. raised its position in shares of Generac by 52.8% during the third quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company’s stock worth $541,000 after purchasing an additional 1,177 shares during the period. Willis Investment Counsel raised its stake in Generac by 18.7% during the 3rd quarter. Willis Investment Counsel now owns 105,007 shares of the technology company’s stock valued at $16,684,000 after purchasing an additional 16,541 shares during the period. Nordea Investment Management AB purchased a new stake in shares of Generac in the fourth quarter valued at $5,229,000. Global Financial Private Client LLC acquired a new stake in shares of Generac in the fourth quarter worth $614,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in 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 valued at $928,000 after buying an additional 3,244 shares during the period. 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.