Generac Holdings Inc. (NYSE:GNRC – Get Rating) CEO Aaron Jagdfeld sold 45,207 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $119.37, for a total value of $5,396,359.59. Following the completion of the sale, the chief executive officer now owns 615,269 shares in the company, valued at $73,444,660.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Generac Stock Up 3.8 %
Generac stock opened at $126.60 on Friday. The stock has a fifty day simple moving average of $114.37 and a two-hundred day simple moving average of $137.86. The company has a current ratio of 2.20, a quick ratio of 0.78 and a debt-to-equity ratio of 0.61. Generac Holdings Inc. has a 12 month low of $86.29 and a 12 month high of $329.50. The firm has a market cap of $7.84 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 1.91 and a beta of 1.18.
Generac (NYSE:GNRC – Get Rating) last issued its quarterly earnings data on Wednesday, February 15th. The technology company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.08. Generac had a return on equity of 23.82% and a net margin of 8.75%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the firm posted $2.51 earnings per share. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. Equities analysts predict that Generac Holdings Inc. will post 6.38 EPS for the current fiscal year.
Institutional Investors Weigh In On Generac
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on GNRC shares. Stifel Nicolaus boosted their target price on Generac from $98.00 to $130.00 in a research note on Thursday, February 16th. Oppenheimer upped their price objective on Generac from $137.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday. Robert W. Baird upped their price objective on Generac from $119.00 to $136.00 and gave the stock a “neutral” rating in a report on Thursday, February 16th. Argus cut Generac from a “buy” rating to a “hold” rating in a report on Friday, November 25th. Finally, Wells Fargo & Company cut Generac from an “overweight” rating to an “equal weight” rating and set a $135.00 target price for the company. in a report on Friday, February 17th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $201.64.
Generac Company Profile
Generac Holdings, Inc engages in the design and manufacture of power generation equipment and other power products. It operates through the following segments: Domestic and International. The Domestic segment includes the legacy Generac, and the impact of acquisitions that are based in the U.S. and Canada.
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