Generac Holdlings Inc. (NYSE:GNRC)‘s stock had its “hold” rating reaffirmed by analysts at KeyCorp in a note issued to investors on Sunday.
Several other research analysts have also recently weighed in on the stock. BidaskClub raised shares of Generac Holdlings from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Zacks Investment Research cut shares of Generac Holdlings from a “hold” rating to a “sell” rating in a report on Monday, July 10th. ValuEngine cut shares of Generac Holdlings from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Wolfe Research began coverage on shares of Generac Holdlings in a report on Tuesday, July 11th. They set a “market perform” rating on the stock. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $41.00 target price on shares of Generac Holdlings in a report on Thursday, August 3rd. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $43.83.
Shares of Generac Holdlings (NYSE:GNRC) traded down 2.45% during midday trading on Friday, reaching $41.80. The company’s stock had a trading volume of 1,751,132 shares. Generac Holdlings has a 12 month low of $33.77 and a 12 month high of $44.84. The stock’s 50-day moving average is $38.05 and its 200 day moving average is $36.95. The stock has a market capitalization of $2.60 billion, a P/E ratio of 25.03 and a beta of 1.39.
Generac Holdlings (NYSE:GNRC) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.05. The firm had revenue of $395.40 million for the quarter, compared to analysts’ expectations of $383.14 million. Generac Holdlings had a net margin of 7.00% and a return on equity of 46.60%. The business’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 EPS. On average, analysts expect that Generac Holdlings will post $2.95 earnings per share for the current fiscal year.
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In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $35.68, for a total transaction of $178,400.00. Following the transaction, the chief executive officer now directly owns 1,044,911 shares of the company’s stock, valued at $37,282,424.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 15,000 shares of company stock worth $563,100 over the last ninety days. Insiders own 3.00% of the company’s stock.
A number of large investors have recently made changes to their positions in GNRC. Janney Montgomery Scott LLC increased its stake in Generac Holdlings by 65.8% in the first quarter. Janney Montgomery Scott LLC now owns 12,170 shares of the technology company’s stock valued at $454,000 after acquiring an additional 4,829 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Generac Holdlings by 7.5% in the first quarter. Russell Investments Group Ltd. now owns 58,267 shares of the technology company’s stock valued at $2,172,000 after acquiring an additional 4,082 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in Generac Holdlings in the first quarter valued at approximately $768,000. State Board of Administration of Florida Retirement System increased its stake in Generac Holdlings by 18.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 53,024 shares of the technology company’s stock valued at $1,977,000 after acquiring an additional 8,136 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in Generac Holdlings by 66.4% in the first quarter. First Trust Advisors LP now owns 160,783 shares of the technology company’s stock valued at $5,994,000 after acquiring an additional 64,135 shares during the last quarter. 96.64% of the stock is currently owned by institutional investors and hedge funds.
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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