Generac Holdlings Inc. (NYSE:GNRC) Stock Rating Lowered by BidaskClub

BidaskClub downgraded shares of Generac Holdlings Inc. (NYSE:GNRC) from a buy rating to a hold rating in a research report report published on Friday, October 20th.

GNRC has been the topic of several other research reports. Zacks Investment Research upgraded shares of Generac Holdlings from a hold rating to a buy rating and set a $55.00 price objective on the stock in a report on Wednesday, October 11th. Canaccord Genuity restated a hold rating and set a $42.00 price objective (up previously from $40.00) on shares of Generac Holdlings in a report on Friday, September 8th. Bank of America Corporation upgraded shares of Generac Holdlings from an underperform rating to a neutral rating and upped their target price for the stock from $34.00 to $45.00 in a research note on Thursday, September 7th. KeyCorp upgraded shares of Generac Holdlings from a sector weight rating to an overweight rating and set a $55.00 target price for the company in a research note on Monday, October 2nd. Finally, Robert W. Baird reiterated a buy rating and issued a $50.00 target price on shares of Generac Holdlings in a research note on Wednesday, October 4th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Generac Holdlings has a consensus rating of Buy and an average target price of $51.86.

Shares of Generac Holdlings (GNRC) opened at 51.98 on Friday. The firm has a market capitalization of $3.23 billion, a P/E ratio of 31.05 and a beta of 1.41. The stock’s 50 day moving average price is $47.64 and its 200 day moving average price is $39.36. Generac Holdlings has a 52 week low of $33.77 and a 52 week high of $52.17.

Generac Holdlings (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.05. Generac Holdlings had a net margin of 7.00% and a return on equity of 46.60%. The company had revenue of $395.40 million for the quarter, compared to analyst estimates of $383.14 million. During the same period in the prior year, the firm posted $0.64 EPS. The company’s quarterly revenue was up 7.6% on a year-over-year basis. On average, analysts predict that Generac Holdlings will post $3.02 EPS for the current fiscal year.

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In other Generac Holdlings 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 completion of the transaction, the chief executive officer now owns 1,044,911 shares in the company, valued at $37,282,424.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 15,000 shares of company stock valued at $619,400 in the last quarter. Company insiders own 3.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. EdgePoint Investment Group Inc. lifted its holdings in shares of 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. lifted its holdings in shares of 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 stake 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 valued at $155,006,000 after purchasing an additional 4,126,286 shares in the last quarter. JPMorgan Chase & Co. raised its stake 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 valued at $82,893,000 after purchasing an additional 515,905 shares in the last quarter. Finally, FMR LLC raised its stake in Generac Holdlings by 2.2% in the first quarter. FMR LLC now owns 2,032,333 shares of the technology company’s stock valued at $75,765,000 after purchasing an additional 44,633 shares in the last quarter. 97.07% 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.

Analyst Recommendations for Generac Holdlings (NYSE:GNRC)

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