Insider Selling: Generac Holdings Inc. (NYSE:GNRC) CEO Sells 5,000 Shares of Stock

Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the sale, the chief executive officer now directly owns 565,825 shares in the company, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through 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 Stock Performance

Generac stock opened at $142.64 on Friday. The stock’s 50-day moving average is $161.85 and its 200-day moving average is $161.10. The company has a market cap of $8.49 billion, a price-to-earnings ratio of 29.59, a price-to-earnings-growth ratio of 1.51 and a beta of 1.42. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. Generac Holdings Inc. has a 12 month low of $108.89 and a 12 month high of $195.94.

Hedge Funds Weigh In On Generac

A number of large investors have recently modified their holdings of GNRC. Jennison Associates LLC raised its holdings in shares of Generac by 133.6% in the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock worth $104,227,000 after purchasing an additional 384,434 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Generac in the fourth quarter valued at about $46,785,000. The Manufacturers Life Insurance Company grew its stake in shares of Generac by 114.8% in the third quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock valued at $88,944,000 after buying an additional 299,205 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Generac by 25,311.7% in the third quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company’s stock valued at $42,433,000 after buying an additional 266,026 shares in the last quarter. Finally, Stephens Investment Management Group LLC grew its stake in shares of Generac by 678.5% in the third quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company’s stock valued at $30,560,000 after buying an additional 167,641 shares in the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on GNRC shares. StockNews.com upgraded Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Piper Sandler upped their price objective on Generac from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. The Goldman Sachs Group upped their price objective on Generac from $148.00 to $193.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Stifel Nicolaus upped their price objective on Generac from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, Citigroup reduced their price objective on Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. One 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.30.

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.