Generac Holdlings Inc. (NYSE:GNRC) had its price objective lifted by Stifel Nicolaus from $41.00 to $48.00 in a research note issued to investors on Wednesday, October 18th, Marketbeat Ratings reports. They currently have a hold rating on the technology company’s stock.
Several other brokerages have also issued reports on GNRC. SunTrust Banks, Inc. reissued a hold rating and issued a $47.00 price target on shares of Generac Holdlings in a report on Thursday, October 12th. Zacks Investment Research upgraded shares of Generac Holdlings from a hold rating to a buy rating and set a $55.00 target price on the stock in a research note on Wednesday, October 11th. Robert W. Baird restated a buy rating and issued a $50.00 target price on shares of Generac Holdlings in a research note on Wednesday, October 4th. BidaskClub upgraded shares of Generac Holdlings from a hold rating to a buy rating in a research note on Tuesday, October 3rd. Finally, KeyCorp upgraded shares of Generac Holdlings from a sector weight rating to an overweight rating and set a $55.00 target price on the stock in a research note on Monday, October 2nd. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Generac Holdlings currently has a consensus rating of Buy and an average target price of $52.57.
Shares of Generac Holdlings (GNRC) traded up $0.40 during mid-day trading on Wednesday, reaching $50.60. 366,910 shares of the company were exchanged, compared to its average volume of 570,968. The firm has a market cap of $3,119.98, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 1.76 and a beta of 1.79. The company has a quick ratio of 1.03, a current ratio of 2.25 and a debt-to-equity ratio of 2.35.
Generac Holdlings (NYSE:GNRC) last announced its earnings results on Wednesday, November 1st. The technology company reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.04. The business had revenue of $457.25 million for the quarter, compared to analyst estimates of $420.42 million. Generac Holdlings had a net margin of 7.47% and a return on equity of 47.63%. Generac Holdlings’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.82 earnings per share. analysts expect that Generac Holdlings will post 3.17 EPS for the current fiscal year.
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In other Generac Holdlings news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $52.00, for a total transaction of $260,000.00. Following the transaction, the chief executive officer now directly owns 1,029,911 shares in the company, valued at approximately $53,555,372. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders have sold 15,000 shares of company stock worth $701,000. Corporate insiders own 3.00% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Marshall Wace North America L.P. bought a new stake in shares of Generac Holdlings in the 2nd quarter valued at about $4,857,000. First Trust Advisors LP increased its stake in shares of Generac Holdlings by 16.1% in the 2nd quarter. First Trust Advisors LP now owns 186,597 shares of the technology company’s stock valued at $6,742,000 after acquiring an additional 25,814 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Generac Holdlings by 29.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,294,301 shares of the technology company’s stock valued at $82,893,000 after acquiring an additional 515,905 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Generac Holdlings by 6.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 433,183 shares of the technology company’s stock worth $15,651,000 after purchasing an additional 25,536 shares in the last quarter. Finally, Federated Investors Inc. PA increased its stake in Generac Holdlings by 18.7% during the 2nd quarter. Federated Investors Inc. PA now owns 81,565 shares of the technology company’s stock worth $2,947,000 after purchasing an additional 12,861 shares in the last quarter. 97.80% of the stock is owned by institutional investors.
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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