Generac Holdings Inc. (NYSE:GNRC) – Research analysts at SunTrust Banks upped their Q4 2018 earnings estimates for Generac in a report issued on Tuesday, Zacks Investment Research reports. SunTrust Banks analyst C. Brady now expects that the technology company will post earnings of $1.22 per share for the quarter, up from their previous forecast of $1.12. SunTrust Banks has a “Hold” rating and a $48.00 price objective on the stock.
Other analysts have also recently issued reports about the company. ValuEngine cut Generac from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. Stifel Nicolaus increased their price target on Generac from $41.00 to $48.00 and gave the company a “hold” rating in a research note on Wednesday, October 18th. Oppenheimer reaffirmed a “hold” rating on shares of Generac in a research note on Wednesday, November 1st. Zacks Investment Research raised Generac from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research note on Wednesday, January 10th. Finally, Canaccord Genuity increased their price target on Generac from $42.00 to $50.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. Generac has a consensus rating of “Buy” and an average price target of $53.00.
Generac (NYSE GNRC) traded down $0.95 on Friday, reaching $48.29. The company had a trading volume of 662,896 shares, compared to its average volume of 422,829. Generac has a 12-month low of $33.77 and a 12-month high of $53.78. The company has a current ratio of 1.77, a quick ratio of 1.01 and a debt-to-equity ratio of 1.92. The firm has a market cap of $3,060.93, a PE ratio of 25.42, a P/E/G ratio of 1.57 and a beta of 1.64.
Several institutional investors and hedge funds have recently added to or reduced their stakes in GNRC. Schwab Charles Investment Management Inc. boosted its stake in shares of Generac by 6.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 433,183 shares of the technology company’s stock worth $15,651,000 after acquiring an additional 25,536 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Generac by 698.3% in the second quarter. BNP Paribas Arbitrage SA now owns 10,138 shares of the technology company’s stock valued at $366,000 after purchasing an additional 8,868 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Generac by 17.7% in the second quarter. Victory Capital Management Inc. now owns 3,847 shares of the technology company’s stock valued at $139,000 after purchasing an additional 578 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Generac by 23.4% in the second quarter. Alliancebernstein L.P. now owns 198,920 shares of the technology company’s stock valued at $7,187,000 after purchasing an additional 37,760 shares in the last quarter. Finally, Teachers Advisors LLC lifted its holdings in shares of Generac by 2.7% in the second quarter. Teachers Advisors LLC now owns 112,228 shares of the technology company’s stock valued at $4,055,000 after purchasing an additional 2,934 shares in the last quarter. 95.97% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Aaron Jagdfeld sold 20,000 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $49.03, for a total transaction of $980,600.00. Following the completion of the sale, the chief executive officer now directly owns 990,411 shares of the company’s stock, valued at approximately $48,559,851.33. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.00% of the company’s stock.
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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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