Generac Holdlings Inc. (GNRC) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Generac Holdlings Inc. (NYSE:GNRC) have been assigned an average rating of “Hold” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $41.50.
GNRC has been the topic of a number of research analyst reports. Canaccord Genuity restated a “hold” rating and issued a $40.00 price target on shares of Generac Holdlings in a research note on Friday, April 21st. TheStreet cut Generac Holdlings from a “b” rating to a “c+” rating in a research note on Thursday, April 27th. ValuEngine cut Generac Holdlings from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub upgraded Generac Holdlings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Zacks Investment Research cut Generac Holdlings from a “hold” rating to a “sell” rating in a research note on Monday, July 10th.
In other Generac Holdlings news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $36.50, for a total transaction of $182,500.00. Following the transaction, the chief executive officer now owns 1,049,911 shares in the company, valued at approximately $38,321,751.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Fox Run Management L.L.C. purchased a new position in Generac Holdlings during the first quarter valued at $395,000. Atria Investments LLC boosted its position in Generac Holdlings by 1.7% in the first quarter. Atria Investments LLC now owns 7,225 shares of the technology company’s stock valued at $269,000 after buying an additional 118 shares during the last quarter. Bank of Montreal Can boosted its position in Generac Holdlings by 56.9% in the first quarter. Bank of Montreal Can now owns 329,041 shares of the technology company’s stock valued at $12,266,000 after buying an additional 119,298 shares during the last quarter. Copper Rock Capital Partners LLC purchased a new position in Generac Holdlings during the first quarter valued at $21,614,000. Finally, Foundry Partners LLC boosted its position in Generac Holdlings by 264.1% in the first quarter. Foundry Partners LLC now owns 306,236 shares of the technology company’s stock valued at $11,416,000 after buying an additional 222,117 shares during the last quarter. Hedge funds and other institutional investors own 99.80% of the company’s stock.
Shares of Generac Holdlings (NYSE:GNRC) remained flat at $36.20 during trading on Tuesday. The company’s stock had a trading volume of 213,992 shares. The stock has a market cap of $2.27 billion, a PE ratio of 23.04 and a beta of 1.40. Generac Holdlings has a 52 week low of $32.33 and a 52 week high of $44.84. The firm has a 50 day moving average of $35.51 and a 200 day moving average of $38.03.
Generac Holdlings (NYSE:GNRC) last posted its quarterly earnings results on Thursday, April 27th. The technology company reported $0.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.41. Generac Holdlings had a return on equity of 45.83% and a net margin of 6.81%. The business had revenue of $331.80 million for the quarter, compared to analysts’ expectations of $321.82 million. During the same quarter in the prior year, the business earned $0.46 EPS. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. Equities analysts anticipate that Generac Holdlings will post $2.95 EPS for the current fiscal year.
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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