BidaskClub upgraded shares of Generac Holdlings Inc. (NYSE:GNRC) from a sell rating to a hold rating in a research report released on Tuesday.
Several other analysts have also issued reports on GNRC. Zacks Investment Research raised Generac Holdlings from a sell rating to a hold rating in a report on Monday, August 7th. Stifel Nicolaus restated a hold rating and issued a $41.00 price objective on shares of Generac Holdlings in a research report on Thursday, August 3rd. ValuEngine upgraded Generac Holdlings from a hold rating to a buy rating in a research report on Thursday, July 6th. Wolfe Research started coverage on Generac Holdlings in a research report on Tuesday, July 11th. They issued a market perform rating on the stock. Finally, Canaccord Genuity restated a hold rating and issued a $40.00 price objective on shares of Generac Holdlings in a research report on Friday, April 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $41.83.
Generac Holdlings (NYSE GNRC) traded up 0.11% during mid-day trading on Tuesday, hitting $37.39. The company’s stock had a trading volume of 399,635 shares. Generac Holdlings has a 52-week low of $33.77 and a 52-week high of $44.84. The stock has a market cap of $2.32 billion, a P/E ratio of 22.34 and a beta of 1.40. The company’s 50 day moving average is $36.58 and its 200-day moving average is $37.20.
Generac Holdlings (NYSE:GNRC) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.05. Generac Holdlings had a return on equity of 46.60% and a net margin of 7.00%. The business had revenue of $395.40 million during the quarter, compared to analyst estimates of $383.14 million. During the same quarter in the previous year, the company posted $0.64 earnings per share. Generac Holdlings’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities analysts predict that Generac Holdlings will post $2.94 EPS for the current fiscal year.
In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $35.68, for a total value of $178,400.00. Following the sale, the chief executive officer now directly owns 1,044,911 shares in the company, valued at $37,282,424.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.00% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of GNRC. Victory Capital Management Inc. increased its stake in Generac Holdlings by 51.8% in the first quarter. Victory Capital Management Inc. now owns 3,269 shares of the technology company’s stock worth $122,000 after buying an additional 1,116 shares in the last quarter. Invictus RG increased its stake in Generac Holdlings by 940.9% in the first quarter. Invictus RG now owns 3,893 shares of the technology company’s stock worth $145,000 after buying an additional 3,519 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Generac Holdlings by 93.6% in the first quarter. Envestnet Asset Management Inc. now owns 4,813 shares of the technology company’s stock worth $179,000 after buying an additional 2,327 shares in the last quarter. Karp Capital Management Corp purchased a new stake in Generac Holdlings during the first quarter worth approximately $219,000. Finally, Stevens Capital Management LP purchased a new stake in Generac Holdlings during the first quarter worth approximately $238,000. Institutional investors own 98.64% of the company’s stock.
Generac Holdlings Company Profile
Generac Holdings Inc (Generac) is a designer and manufacturer of power generation equipment and other engine powered products. The Company serves the residential, light commercial, industrial, oil and gas, and construction markets. Its segments include Domestic and International. The Domestic segment includes the Generac business.
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