Generac Holdings CEO Sells $186,180 in Stock (GNRC)
Generac Holdings (NASDAQ:GNRC) CEO Aaron Jagdfeld sold 4,029 shares of Generac Holdings stock on the open market in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $46.21, for a total value of $186,180.09. Following the completion of the transaction, the chief executive officer now directly owns 656,392 shares in the company, valued at approximately $30,331,874. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Generac Holdings (NASDAQ:GNRC) traded up 1.32% on Tuesday, hitting $46.91. The stock had a trading volume of 1,650,109 shares. Generac Holdings has a 52 week low of $39.01 and a 52 week high of $62.50. The stock’s 50-day moving average is $45.00 and its 200-day moving average is $51.70. The company has a market cap of $3.230 billion and a P/E ratio of 17.47.
Generac Holdings (NASDAQ:GNRC) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.03. The company had revenue of $362.60 million for the quarter, compared to the consensus estimate of $364.58 million. During the same quarter in the previous year, the company posted $0.95 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, analysts predict that Generac Holdings will post $3.66 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at BMO Capital Markets cut their price target on shares of Generac Holdings from $62.00 to $57.00 in a research note on Friday, August 1st. Separately, analysts at Canaccord Genuity downgraded shares of Generac Holdings from a “buy” rating to a “hold” rating in a research note on Friday, August 1st. They now have a $48.00 price target on the stock, down previously from $52.00. Finally, analysts at Canaccord Genuity cut their price target on shares of Generac Holdings from $62.00 to $52.00 in a research note on Wednesday, July 23rd. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $53.50.
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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