Generac Holdings CEO Aaron Jagdfeld Sells 4,029 Shares (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 stock was sold at an average price of $46.21, for a total value of $186,180.09. Following the completion of the sale, the chief executive officer now directly owns 656,392 shares of the company’s stock, valued at approximately $30,331,874. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Generac Holdings (NASDAQ:GNRC) traded down 0.30% on Thursday, hitting $45.96. The stock had a trading volume of 42,108 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 $44.97 and its 200-day moving average is $51.66. The company has a market cap of $3.164 billion and a price-to-earnings ratio of 17.40.
Generac Holdings (NASDAQ:GNRC) last announced its earnings results on Thursday, July 31st. The company reported $0.82 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.95 earnings per share. Generac Holdings’s revenue was up 4.6% compared to the same quarter last year. On average, analysts predict that Generac Holdings will post $3.66 EPS for the current fiscal year.
GNRC has been the subject of a number of recent research reports. 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 investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price 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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