Generac Holdings EVP Sells $99,438 in Stock (GNRC)
Generac Holdings (NASDAQ:GNRC) EVP Russell S. Minick sold 1,776 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $55.99, for a total transaction of $99,438.24. Following the transaction, the executive vice president now directly owns 49,012 shares of the company’s stock, valued at approximately $2,744,182. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Generac Holdings (NASDAQ:GNRC) last released its earnings data 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.
A number of research firms have recently commented on GNRC. 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $51.60.
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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