Generac Holdlings Inc. (NYSE:GNRC) had its price objective increased by Canaccord Genuity from $50.00 to $54.00 in a research note published on Thursday, November 2nd. Canaccord Genuity currently has a hold rating on the technology company’s stock.
A number of other research analysts have also weighed in on GNRC. TheStreet raised Generac Holdlings from a c+ rating to a b- rating in a report on Wednesday, September 27th. BidaskClub raised Generac Holdlings from a sell rating to a hold rating in a report on Tuesday, August 8th. 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 target price on shares of Generac Holdlings in a research report on Thursday, August 3rd. Finally, KeyCorp upgraded Generac Holdlings from a sector weight rating to an overweight rating and set a $55.00 target price for the company in a research report on Monday, October 2nd. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $53.00.
Generac Holdlings (NYSE:GNRC) traded down $0.19 during midday trading on Thursday, hitting $49.54. The stock had a trading volume of 373,400 shares, compared to its average volume of 463,860. The company has a market cap of $3,091.39, a PE ratio of 15.79, a price-to-earnings-growth ratio of 1.72 and a beta of 1.79. Generac Holdlings has a 12 month low of $33.77 and a 12 month high of $53.78. The company has a quick ratio of 1.01, a current ratio of 1.77 and a debt-to-equity ratio of 1.92.
Generac Holdlings (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.04. The company had revenue of $457.25 million during the quarter, compared to analyst estimates of $420.42 million. Generac Holdlings had a return on equity of 46.06% and a net margin of 7.47%. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 EPS. equities research analysts forecast that Generac Holdlings will post 3.22 earnings per share for the current fiscal year.
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In other news, CMO Russell S. Minick sold 24,085 shares of the stock in a transaction on 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 sale, the chief marketing officer now directly owns 39,369 shares of the company’s stock, valued at $2,004,669.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Monday, October 2nd. The stock was 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 ninety days, insiders sold 39,085 shares of company stock worth $1,927,408. 3.00% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in GNRC. Karp Capital Management Corp bought a new position in shares of Generac Holdlings during the first quarter valued at $219,000. Victory Capital Management Inc. lifted its holdings 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 valued at $122,000 after acquiring an additional 1,116 shares during the period. Principal Financial Group Inc. lifted its holdings in Generac Holdlings by 1.4% in the first quarter. Principal Financial Group Inc. now owns 13,470 shares of the technology company’s stock valued at $502,000 after acquiring an additional 180 shares during the period. California Public Employees Retirement System lifted its holdings in Generac Holdlings by 2.2% in the first quarter. California Public Employees Retirement System now owns 165,200 shares of the technology company’s stock valued at $6,159,000 after acquiring an additional 3,500 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Generac Holdlings by 3.6% in the first quarter. Vanguard Group Inc. now owns 5,162,329 shares of the technology company’s stock valued at $192,452,000 after acquiring an additional 177,943 shares during the period. 96.95% of the stock is currently owned by hedge funds and other institutional investors.
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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