Generac Holdlings Inc. (NYSE:GNRC) has been given a consensus rating of “Buy” by the thirteen brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $53.00.
A number of equities analysts have recently issued reports on GNRC shares. BidaskClub downgraded Generac Holdlings from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Stifel Nicolaus reaffirmed a “hold” rating and set a $41.00 price objective on shares of Generac Holdlings in a research report on Thursday, August 3rd. Zacks Investment Research raised Generac Holdlings from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Bank of America Corporation raised Generac Holdlings from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $34.00 to $45.00 in a research report on Thursday, September 7th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $42.00 price objective (up previously from $40.00) on shares of Generac Holdlings in a research report on Friday, September 8th.
In other news, CMO Russell S. Minick sold 24,085 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $50.92, for a total value of $1,226,408.20. Following the completion of the transaction, the chief marketing officer now directly owns 39,369 shares in the company, valued at $2,004,669.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of Generac Holdlings stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $47.76, for a total value of $238,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,085 shares of company stock valued at $1,927,408. Company insiders own 3.00% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc grew its holdings in Generac Holdlings by 26,222.2% in the third quarter. IFP Advisors Inc now owns 2,369 shares of the technology company’s stock valued at $109,000 after purchasing an additional 2,360 shares during the period. Macquarie Group Ltd. acquired a new stake in Generac Holdlings in the third quarter valued at approximately $175,000. Victory Capital Management Inc. grew its holdings in Generac Holdlings by 17.7% in the second quarter. Victory Capital Management Inc. now owns 3,847 shares of the technology company’s stock valued at $139,000 after purchasing an additional 578 shares during the period. Teacher Retirement System of Texas acquired a new stake in Generac Holdlings in the third quarter valued at approximately $238,000. Finally, Strs Ohio grew its holdings in Generac Holdlings by 145.5% in the third quarter. Strs Ohio now owns 5,400 shares of the technology company’s stock valued at $248,000 after purchasing an additional 3,200 shares during the period. Institutional investors own 97.19% of the company’s stock.
Generac Holdlings (NYSE GNRC) traded up $0.12 during mid-day trading on Monday, reaching $50.31. The company’s stock had a trading volume of 486,300 shares, compared to its average volume of 463,538. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.01 and a current ratio of 1.77. Generac Holdlings has a twelve month low of $33.77 and a twelve month high of $53.78. The stock has a market capitalization of $3,130.00, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 1.74 and a beta of 1.71.
Generac Holdlings (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. Generac Holdlings had a return on equity of 46.06% and a net margin of 7.47%. The business had revenue of $457.25 million for the quarter, compared to the consensus estimate of $420.42 million. During the same quarter in the prior year, the company earned $0.82 EPS. The business’s revenue was up 22.5% compared to the same quarter last year. equities research analysts forecast that Generac Holdlings will post 3.22 earnings per share for the current fiscal year.
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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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