Shares of Generac Holdings Inc. (NYSE:GNRC) have been assigned an average recommendation of “Buy” from the thirteen research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $52.43.
GNRC has been the topic of several analyst reports. BidaskClub cut Generac from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. Bank of America raised Generac from a “neutral” rating to a “buy” rating and increased their target price for the company from $45.00 to $50.00 in a report on Friday, September 15th. KeyCorp raised Generac from a “sector weight” rating to an “overweight” rating and set a $55.00 target price on the stock in a report on Monday, October 2nd. TheStreet raised Generac from a “c+” rating to a “b-” rating in a report on Wednesday, September 27th. Finally, Robert W. Baird reissued a “buy” rating and issued a $50.00 target price on shares of Generac in a report on Wednesday, October 4th.
Shares of Generac (NYSE GNRC) traded up $0.25 during midday trading on Tuesday, hitting $49.27. The stock had a trading volume of 252,764 shares, compared to its average volume of 494,689. The firm has a market capitalization of $3,060.00, a PE ratio of 25.80, a P/E/G ratio of 1.63 and a beta of 1.67. 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 has a twelve month low of $33.77 and a twelve month high of $53.78.
Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.04. The business had revenue of $457.25 million for the quarter, compared to analysts’ expectations of $420.42 million. Generac had a return on equity of 46.06% and a net margin of 7.47%. The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period last year, the firm earned $0.82 earnings per share. sell-side analysts expect that Generac will post 3.22 earnings per share for the current fiscal year.
In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $52.00, for a total value of $260,000.00. Following the transaction, the chief executive officer now owns 1,029,911 shares of the company’s stock, valued at $53,555,372. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Russell S. Minick sold 24,085 shares of the stock in a transaction on Friday, November 3rd. The shares were 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 approximately $2,004,669.48. The disclosure for this sale can be found here. Insiders sold 49,085 shares of company stock worth $2,467,008 in the last three months. 3.00% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the business. IFP Advisors Inc grew its holdings in shares of Generac by 26,222.2% during the third quarter. IFP Advisors Inc now owns 2,369 shares of the technology company’s stock worth $109,000 after purchasing an additional 2,360 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Generac by 17.7% during the second quarter. Victory Capital Management Inc. now owns 3,847 shares of the technology company’s stock worth $139,000 after purchasing an additional 578 shares during the last quarter. Macquarie Group Ltd. purchased a new position in shares of Generac during the third quarter worth about $175,000. Public Employees Retirement System of Ohio grew its holdings in shares of Generac by 10.6% during the second quarter. Public Employees Retirement System of Ohio now owns 5,873 shares of the technology company’s stock worth $212,000 after purchasing an additional 565 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in shares of Generac during the third quarter worth about $238,000. 95.78% of the stock is currently owned by institutional investors.
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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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