Generac Holdlings Inc. (GNRC) Receives $41.40 Average PT from Analysts
Shares of Generac Holdlings Inc. (NYSE:GNRC) have received an average recommendation of “Hold” from the eleven research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $41.40.
GNRC has been the topic of a number of recent research reports. Canaccord Genuity reissued a “hold” rating and set a $40.00 price target on shares of Generac Holdlings in a research note on Friday, April 21st. TheStreet lowered Generac Holdlings from a “b” rating to a “c+” rating in a research note on Thursday, April 27th. ValuEngine lowered Generac Holdlings from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub raised Generac Holdlings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Zacks Investment Research lowered Generac Holdlings from a “hold” rating to a “sell” rating in a research note on Monday, July 10th.
In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac Holdlings stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $35.68, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.00% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the company. EdgePoint Investment Group Inc. raised its position in Generac Holdlings by 13.9% in the second quarter. EdgePoint Investment Group Inc. now owns 8,775,546 shares of the technology company’s stock worth $317,060,000 after buying an additional 1,069,401 shares in the last quarter. Vanguard Group Inc. raised its position 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 worth $192,452,000 after buying an additional 177,943 shares in the last quarter. BlackRock Inc. raised its position in Generac Holdlings by 13,069.4% in the first quarter. BlackRock Inc. now owns 4,157,858 shares of the technology company’s stock worth $155,006,000 after buying an additional 4,126,286 shares in the last quarter. JPMorgan Chase & Co. raised its position in Generac Holdlings by 29.0% in the second quarter. JPMorgan Chase & Co. now owns 2,294,301 shares of the technology company’s stock worth $82,893,000 after buying an additional 515,905 shares in the last quarter. Finally, FMR LLC raised its position in Generac Holdlings by 2.2% in the first quarter. FMR LLC now owns 2,032,333 shares of the technology company’s stock worth $75,765,000 after buying an additional 44,633 shares in the last quarter. 98.70% of the stock is currently owned by institutional investors.
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Shares of Generac Holdlings (NYSE:GNRC) traded down 1.41% on Friday, reaching $37.13. 178,476 shares of the company traded hands. The firm’s 50 day moving average is $36.63 and its 200 day moving average is $37.13. Generac Holdlings has a one year low of $33.77 and a one year high of $44.84. The company has a market capitalization of $2.31 billion, a P/E ratio of 22.18 and a beta of 1.40.
Generac Holdlings (NYSE:GNRC) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.05. Generac Holdlings had a return on equity of 46.60% and a net margin of 7.00%. The firm had revenue of $395.40 million for the quarter, compared to analysts’ expectations of $383.14 million. During the same quarter in the previous year, the business posted $0.64 earnings per share. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. Analysts expect that Generac Holdlings will post $2.94 earnings per share for the current fiscal year.
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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