Generac Holdlings Inc. (GNRC) Lowered to Underperform at Wolfe Research
Other equities research analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Generac Holdlings from a buy rating to a hold rating in a research report on Friday, October 20th. Robert W. Baird reissued a buy rating and set a $50.00 price objective on shares of Generac Holdlings in a research report on Wednesday, October 4th. KeyCorp raised shares of Generac Holdlings from a sector weight rating to an overweight rating and set a $55.00 price objective for the company in a research report on Monday, October 2nd. SunTrust Banks, Inc. reaffirmed a hold rating and issued a $47.00 target price on shares of Generac Holdlings in a report on Thursday, October 12th. Finally, Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Generac Holdlings in a report on Friday, September 8th. One analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $53.00.
Shares of Generac Holdlings (NYSE GNRC) traded up $0.17 during midday trading on Monday, reaching $48.93. 80,479 shares of the company were exchanged, compared to its average volume of 464,889. Generac Holdlings has a 52 week low of $33.77 and a 52 week high of $53.78. The stock has a market cap of $3,030.00, a price-to-earnings ratio of 15.97, a P/E/G ratio of 1.74 and a beta of 1.71. 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 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 analysts’ consensus estimates of $0.89 by $0.04. Generac Holdlings had a net margin of 7.47% and a return on equity of 46.06%. The company had revenue of $457.25 million during the quarter, compared to analyst estimates of $420.42 million. During the same period in the previous year, the business earned $0.82 EPS. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. equities research analysts predict that Generac Holdlings will post 3.22 earnings per share for the current year.
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In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $40.44, for a total transaction of $202,200.00. Following the transaction, the chief executive officer now directly owns 1,039,911 shares in the company, valued at approximately $42,054,000.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Russell S. Minick sold 24,085 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $50.92, for a total transaction of $1,226,408.20. Following the transaction, the chief marketing officer now owns 39,369 shares in the company, valued at $2,004,669.48. The disclosure for this sale can be found here. Insiders have sold a total of 39,085 shares of company stock worth $1,927,408 over the last 90 days. Corporate insiders own 3.00% of the company’s stock.
Large investors have recently modified their holdings of the stock. IFP Advisors Inc grew its holdings in Generac Holdlings by 26,222.2% during the 3rd quarter. IFP Advisors Inc now owns 2,369 shares of the technology company’s stock valued at $109,000 after purchasing an additional 2,360 shares during the last quarter. Macquarie Group Ltd. bought a new position in Generac Holdlings in the 3rd quarter worth about $175,000. Victory Capital Management Inc. grew its stake in Generac Holdlings by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 3,847 shares of the technology company’s stock worth $139,000 after acquiring an additional 578 shares in the last quarter. Teacher Retirement System of Texas bought a new position in Generac Holdlings in the 3rd quarter worth about $238,000. Finally, Strs Ohio grew its stake in Generac Holdlings by 145.5% in the 3rd quarter. Strs Ohio now owns 5,400 shares of the technology company’s stock worth $248,000 after acquiring an additional 3,200 shares in the last quarter. Institutional investors own 97.19% of the company’s stock.
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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