BidaskClub cut shares of Generac Holdlings Inc. (NYSE:GNRC) from a sell rating to a strong sell rating in a research report sent to investors on Monday, July 31st.
GNRC has been the subject of several other reports. ValuEngine downgraded Generac Holdlings from a buy rating to a hold rating in a report on Friday, June 2nd. TheStreet downgraded Generac Holdlings from a b rating to a c+ rating in a research note on Thursday, April 27th. Wolfe Research initiated coverage on Generac Holdlings in a research note on Tuesday, July 11th. They set a market perform rating for the company. Zacks Investment Research cut Generac Holdlings from a hold rating to a sell rating in a report on Monday, July 10th. Finally, Canaccord Genuity reissued a hold rating and issued a $40.00 price target on shares of Generac Holdlings in a report on Friday, April 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $41.83.
Generac Holdlings (NYSE GNRC) traded up 0.316% on Monday, reaching $36.465. 192,506 shares of the company’s stock traded hands. Generac Holdlings has a 12 month low of $33.77 and a 12 month high of $44.84. The company has a market cap of $2.27 billion, a PE ratio of 21.783 and a beta of 1.40. The firm’s 50 day moving average price is $36.74 and its 200 day moving average price is $37.11.
Generac Holdlings (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.69 earnings per share (EPS) for the quarter, topping the 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 firm 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 firm earned $0.64 EPS. Generac Holdlings’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities analysts expect that Generac Holdlings will post $2.94 EPS for the current fiscal year.
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In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $35.68, for a total transaction of $178,400.00. Following the completion of the sale, the chief executive officer now directly owns 1,044,911 shares in the company, valued at approximately $37,282,424.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.00% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its stake in Generac Holdlings by 8.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,486 shares of the technology company’s stock worth $101,000 after buying an additional 201 shares during the period. Two Sigma Investments LP purchased a new position in shares of Generac Holdlings during the fourth quarter valued at about $459,000. AQR Capital Management LLC boosted its position in shares of Generac Holdlings by 96.2% in the fourth quarter. AQR Capital Management LLC now owns 19,891 shares of the technology company’s stock valued at $810,000 after buying an additional 9,753 shares during the last quarter. Norges Bank purchased a new position in shares of Generac Holdlings during the fourth quarter valued at about $25,463,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Generac Holdlings during the fourth quarter valued at about $1,378,000. Institutional investors own 98.70% of the company’s stock.
About Generac Holdlings
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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