Generac Holdings Inc. (NYSE:GNRC) has been given an average recommendation of “Hold” by the seven research firms that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $81.00.
Several brokerages have recently weighed in on GNRC. Zacks Investment Research cut shares of Generac from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. ValuEngine cut shares of Generac from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Robert W. Baird upgraded shares of Generac from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $64.00 to $86.00 in a research note on Monday, July 1st. Bank of America reiterated a “buy” rating and issued a $88.00 price objective on shares of Generac in a research note on Monday, September 16th. Finally, Canaccord Genuity set a $80.00 price objective on shares of Generac and gave the stock a “hold” rating in a research note on Thursday, October 10th.
In other Generac news, insider Russell S. Minick sold 10,328 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $73.91, for a total transaction of $763,342.48. Following the sale, the insider now owns 24,743 shares in the company, valued at approximately $1,828,755.13. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Erik Wilde sold 7,587 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $71.44, for a total transaction of $542,015.28. Following the sale, the executive vice president now owns 11,196 shares in the company, valued at approximately $799,842.24. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Squar Milner Financial Services LLC grew its holdings in Generac by 347.1% during the 3rd quarter. Squar Milner Financial Services LLC now owns 380 shares of the technology company’s stock valued at $29,000 after buying an additional 295 shares in the last quarter. Stonebridge Capital Advisors LLC purchased a new stake in Generac during the 2nd quarter valued at approximately $69,000. Steward Partners Investment Advisory LLC purchased a new stake in Generac during the 2nd quarter valued at approximately $76,000. Tower Research Capital LLC TRC purchased a new stake in Generac during the 2nd quarter valued at approximately $98,000. Finally, Factorial Partners LLC purchased a new stake in Generac during the 2nd quarter valued at approximately $167,000. Institutional investors own 96.29% of the company’s stock.
Shares of NYSE:GNRC traded up $2.54 during trading on Monday, hitting $93.25. The company’s stock had a trading volume of 1,598,632 shares, compared to its average volume of 484,752. The company has a 50-day moving average of $82.65 and a 200-day moving average of $69.83. Generac has a 12 month low of $45.43 and a 12 month high of $94.78. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.19 and a quick ratio of 1.00. The firm has a market cap of $5.63 billion, a price-to-earnings ratio of 19.84, a P/E/G ratio of 2.89 and a beta of 1.15.
Generac (NYSE:GNRC) last issued its quarterly earnings data on Thursday, August 1st. The technology company reported $1.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.12. Generac had a net margin of 12.09% and a return on equity of 38.99%. The firm had revenue of $541.90 million for the quarter, compared to analysts’ expectations of $538.96 million. During the same quarter in the prior year, the business earned $1.11 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, research analysts anticipate that Generac will post 4.8 earnings per share for the current year.
Generac Company Profile
Generac Holdings Inc designs, manufactures, and sells power generation equipment and other power products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.
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