Generac Holdings CEO Aaron Jagdfeld Sells 6,382 Shares (GNRC)
Generac Holdings (NASDAQ:GNRC) CEO Aaron Jagdfeld sold 6,382 shares of the company’s stock on the open market in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $56.01, for a total value of $357,455.82. Following the sale, the chief executive officer now directly owns 637,076 shares of the company’s stock, valued at approximately $35,682,627. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
GNRC has been the subject of a number of recent research reports. Analysts at Canaccord Genuity raised their price target on shares of Generac Holdings from $52.00 to $62.00 in a research note on Friday, February 14th. They now have a “buy” rating on the stock. Separately, analysts at Robert W. Baird upgraded shares of Generac Holdings from a “neutral” rating to an “outperform” rating in a research note on Friday, January 31st. They now have a $60.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Bank of America downgraded shares of Generac Holdings from a “buy” rating to a “neutral” rating in a research note on Friday, January 24th. They now have a $54.00 price target on the stock, down previously from $58.00. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $51.60.
Shares of Generac Holdings (NASDAQ:GNRC) traded down 1.83% on Wednesday, hitting $55.26. 993,440 shares of the company’s stock traded hands. Generac Holdings has a one year low of $32.41 and a one year high of $57.68. The stock’s 50-day moving average is $51.52 and its 200-day moving average is $47.46. The company has a market cap of $3.791 billion and a P/E ratio of 22.43.
Generac Holdings (NASDAQ:GNRC) last announced its earnings results on Thursday, February 13th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.21. The company had revenue of $376.20 million for the quarter, compared to the consensus estimate of $361.12 million. During the same quarter in the previous year, the company posted $0.87 earnings per share. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, analysts predict that Generac Holdings will post $3.76 earnings per share for the current fiscal year.
Generac Holdings Inc (NASDAQ:GNRC) is a designer and manufacturer of a range of generators and other engine powered products for the residential, light commercial, industrial and construction markets.
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