Generac Holdlings Inc. (NYSE:GNRC) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Tuesday, August 8th.
A number of other equities analysts have also recently commented on the stock. ValuEngine raised shares of Generac Holdlings from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. TheStreet lowered shares of Generac Holdlings from a “b” rating to a “c+” rating in a report on Thursday, April 27th. Canaccord Genuity restated a “hold” rating and issued a $40.00 price objective on shares of Generac Holdlings in a report on Friday, April 21st. Zacks Investment Research upgraded shares of Generac Holdlings from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $41.00 price objective on shares of Generac Holdlings in a report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. Generac Holdlings presently has an average rating of “Hold” and a consensus price target of $41.83.
Shares of Generac Holdlings (NYSE:GNRC) traded up 0.17% during midday trading on Tuesday, hitting $36.41. The stock had a trading volume of 248,472 shares. The firm has a 50-day moving average price of $36.75 and a 200-day moving average price of $37.08. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 21.75 and a beta of 1.40. Generac Holdlings has a 1-year low of $33.77 and a 1-year high of $44.84.
Generac Holdlings (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.64 by $0.05. The company had revenue of $395.40 million during 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%. Generac Holdlings’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.64 earnings per share. On average, equities analysts anticipate that Generac Holdlings will post $2.94 EPS for the current fiscal year.
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In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $35.68, for a total transaction of $178,400.00. Following the sale, the chief executive officer now directly owns 1,044,911 shares of the company’s stock, valued at approximately $37,282,424.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the stock. Canada Pension Plan Investment Board bought a new stake in shares of Generac Holdlings during the first quarter worth about $768,000. BlackRock Inc. boosted its position in shares of Generac Holdlings by 13,069.4% in the first quarter. BlackRock Inc. now owns 4,157,858 shares of the technology company’s stock valued at $155,006,000 after buying an additional 4,126,286 shares during the period. First Trust Advisors LP boosted its position in shares of 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 buying an additional 64,135 shares during the period. Vivaldi Capital Management LLC acquired a new position in shares of Generac Holdlings during the first quarter valued at $8,819,218,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Generac Holdlings during the first quarter valued at $395,000. 98.70% 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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