Generac Holdlings Inc. (NYSE:GNRC) had its price target upped by Stifel Nicolaus from $41.00 to $48.00 in a research note issued to investors on Wednesday, October 18th, MarketBeat Ratings reports. Stifel Nicolaus currently has a hold rating on the technology company’s stock.
GNRC has been the subject of a number of other reports. Robert W. Baird reiterated a buy rating and issued a $50.00 price objective on shares of Generac Holdlings in a research report on Wednesday, October 4th. KeyCorp upgraded Generac Holdlings 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. SunTrust Banks, Inc. restated a hold rating and set a $47.00 target price on shares of Generac Holdlings in a report on Thursday, October 12th. Oppenheimer Holdings, Inc. restated a hold rating on shares of Generac Holdlings in a report on Friday, September 8th. Finally, Zacks Investment Research cut Generac Holdlings from a hold rating to a sell rating in a report on Monday, July 10th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $51.86.
Shares of Generac Holdlings (GNRC) traded down 0.04% during mid-day trading on Wednesday, hitting $51.98. 433,512 shares of the company traded hands. Generac Holdlings has a 52-week low of $33.77 and a 52-week high of $52.17. The firm has a 50-day moving average price of $47.64 and a 200 day moving average price of $39.36. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 31.05 and a beta of 1.41.
Generac Holdlings (NYSE:GNRC) last announced its earnings results on Wednesday, August 2nd. The technology company reported $0.69 earnings per share 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 company had revenue of $395.40 million during the quarter, compared to analyst estimates of $383.14 million. During the same period last year, the company posted $0.64 earnings per share. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. Equities research analysts anticipate that Generac Holdlings will post $3.02 EPS for the current fiscal year.
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In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $47.76, for a total transaction of $238,800.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 15,000 shares of company stock worth $619,400 in the last ninety days. Insiders own 3.00% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its stake in Generac Holdlings by 51.8% in the 1st quarter. Victory Capital Management Inc. now owns 3,269 shares of the technology company’s stock valued at $122,000 after purchasing an additional 1,116 shares during the period. Invictus RG boosted its stake in Generac Holdlings by 940.9% in the 1st quarter. Invictus RG now owns 3,893 shares of the technology company’s stock valued at $145,000 after purchasing an additional 3,519 shares during the period. Envestnet Asset Management Inc. boosted its stake in Generac Holdlings by 93.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,813 shares of the technology company’s stock valued at $179,000 after purchasing an additional 2,327 shares during the period. Public Employees Retirement System of Ohio boosted its stake in Generac Holdlings by 10.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,873 shares of the technology company’s stock valued at $212,000 after purchasing an additional 565 shares during the period. Finally, Karp Capital Management Corp bought a new stake in Generac Holdlings in the 1st quarter valued at $219,000. Institutional investors and hedge funds own 97.07% of the company’s stock.
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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