Generac Holdlings Inc. (GNRC) Receives $44.75 Consensus Price Target from Analysts
Generac Holdlings Inc. (NYSE:GNRC) has earned an average rating of “Buy” from the twelve research firms that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $47.60.
Several equities analysts recently weighed in on GNRC shares. TheStreet upgraded shares of Generac Holdlings from a “c+” rating to a “b-” rating in a report on Wednesday, September 27th. Robert W. Baird reiterated a “buy” rating and issued a $50.00 price target on shares of Generac Holdlings in a report on Wednesday. BidaskClub upgraded shares of Generac Holdlings from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Zacks Investment Research upgraded shares of Generac Holdlings from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $41.00 price target on shares of Generac Holdlings in a report on Thursday, August 3rd.
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Shares of Generac Holdlings (NYSE GNRC) traded up 0.12% during mid-day trading on Friday, hitting $48.74. 366,921 shares of the stock were exchanged. Generac Holdlings has a 52-week low of $33.77 and a 52-week high of $49.11. The firm has a market cap of $3.03 billion, a price-to-earnings ratio of 29.12 and a beta of 1.41. The stock has a 50-day moving average price of $42.01 and a 200 day moving average price of $37.66.
Generac Holdlings (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.05. The firm had revenue of $395.40 million during the quarter, compared to analyst estimates of $383.14 million. Generac Holdlings had a net margin of 7.00% and a return on equity of 46.60%. Generac Holdlings’s revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm posted $0.64 EPS. On average, equities research analysts expect that Generac Holdlings will post $2.98 earnings per share for the current year.
In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $35.68, for a total value of $178,400.00. Following the transaction, the chief executive officer now owns 1,044,911 shares in the company, valued at approximately $37,282,424.48. The sale was disclosed in a filing with the SEC, which is available through this link. In the last quarter, insiders sold 15,000 shares of company stock worth $619,400. 3.00% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. grew its stake in shares of Generac Holdlings by 51.8% during the 1st quarter. Victory Capital Management Inc. now owns 3,269 shares of the technology company’s stock worth $122,000 after purchasing an additional 1,116 shares during the period. Invictus RG grew its stake in shares of Generac Holdlings by 940.9% during the 1st quarter. Invictus RG now owns 3,893 shares of the technology company’s stock worth $145,000 after purchasing an additional 3,519 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Generac Holdlings by 93.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 4,813 shares of the technology company’s stock worth $179,000 after purchasing an additional 2,327 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Generac Holdlings by 10.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,873 shares of the technology company’s stock worth $212,000 after purchasing an additional 565 shares during the period. Finally, Karp Capital Management Corp acquired a new stake in shares of Generac Holdlings during the 1st quarter worth approximately $219,000. 96.60% of the stock is currently owned by institutional investors and hedge funds.
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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