Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld sold 20,000 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $52.00, for a total transaction of $1,040,000.00. Following the completion of the transaction, the chief executive officer now owns 719,243 shares of the company’s stock, valued at $37,400,636. The sale was disclosed in a filing with the SEC, which is available at this link.
Aaron Jagdfeld also recently made the following trade(s):
- On Friday, March 1st, Aaron Jagdfeld sold 20,000 shares of Generac stock. The stock was sold at an average price of $51.75, for a total transaction of $1,035,000.00.
- On Friday, February 1st, Aaron Jagdfeld sold 20,000 shares of Generac stock. The stock was sold at an average price of $53.08, for a total transaction of $1,061,600.00.
Shares of NYSE:GNRC traded up $0.56 during midday trading on Friday, reaching $55.34. The company’s stock had a trading volume of 259,083 shares, compared to its average volume of 341,224. Generac Holdings Inc. has a 12-month low of $43.65 and a 12-month high of $60.70. The company has a market capitalization of $3.40 billion, a PE ratio of 11.77, a P/E/G ratio of 1.86 and a beta of 1.13. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.00 and a quick ratio of 1.03.
A number of hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can lifted its stake in shares of Generac by 131.1% in the 1st quarter. Bank of Montreal Can now owns 54,471 shares of the technology company’s stock worth $2,790,000 after purchasing an additional 30,897 shares during the period. Assenagon Asset Management S.A. bought a new stake in Generac during the 1st quarter worth approximately $2,781,000. BNP Paribas Arbitrage SA raised its stake in Generac by 395.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 14,141 shares of the technology company’s stock worth $724,000 after acquiring an additional 11,285 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its stake in Generac by 3.0% during the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 34,595 shares of the technology company’s stock worth $1,772,000 after acquiring an additional 1,000 shares during the period. Finally, Virginia Retirement Systems ET AL raised its stake in Generac by 4.6% during the 1st quarter. Virginia Retirement Systems ET AL now owns 22,900 shares of the technology company’s stock worth $1,173,000 after acquiring an additional 1,000 shares during the period. 96.53% of the stock is currently owned by institutional investors.
Several brokerages have commented on GNRC. Zacks Investment Research upgraded shares of Generac from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Thursday, January 17th. William Blair downgraded shares of Generac from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 6th. Finally, ValuEngine raised shares of Generac from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $57.83.
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Generac Holdings Inc designs, manufactures, and sells power generation equipment and other power products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.
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