Generac Holdlings’ (GNRC) Hold Rating Reaffirmed at SunTrust Banks, Inc.
Generac Holdlings Inc. (NYSE:GNRC)‘s stock had its “hold” rating restated by SunTrust Banks, Inc. in a note issued to investors on Thursday. They presently have a $47.00 price objective on the technology company’s stock. SunTrust Banks, Inc.’s price objective would indicate a potential downside of 5.77% from the stock’s previous close.
Several other brokerages have also recently commented on GNRC. Zacks Investment Research upgraded shares of Generac Holdlings from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Wednesday. Robert W. Baird reiterated a “buy” rating and issued a $50.00 price target on shares of Generac Holdlings in a research note on Wednesday, October 4th. BidaskClub upgraded shares of Generac Holdlings from a “hold” rating to a “buy” rating in a research note on Tuesday, October 3rd. TheStreet upgraded shares of Generac Holdlings from a “c+” rating to a “b-” rating in a research note on Wednesday, September 27th. Finally, KeyCorp upgraded shares of Generac Holdlings from a “sector weight” rating to an “overweight” rating and set a $55.00 price target on the stock in a research note on Monday, October 2nd. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Generac Holdlings currently has a consensus rating of “Buy” and a consensus price target of $48.57.
Generac Holdlings (NYSE GNRC) traded up 1.61% on Thursday, reaching $49.88. The company had a trading volume of 819,005 shares. Generac Holdlings has a 12-month low of $33.77 and a 12-month high of $50.29. The stock has a market capitalization of $3.10 billion, a PE ratio of 29.80 and a beta of 1.41. The stock’s 50 day moving average price is $44.07 and its 200-day moving average price is $38.16.
Generac Holdlings (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. The business had revenue of $395.40 million for the quarter, compared to analysts’ expectations of $383.14 million. Generac Holdlings had a net margin of 7.00% and a return on equity of 46.60%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.64 EPS. Equities analysts expect that Generac Holdlings will post $2.98 earnings per share for the current fiscal year.
In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s 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 transaction, the chief executive officer now directly owns 1,044,911 shares in the company, valued at approximately $37,282,424.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 15,000 shares of company stock worth $619,400 over the last quarter. 3.00% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. 1st Global Advisors Inc. boosted its position in Generac Holdlings by 0.5% in the 2nd quarter. 1st Global Advisors Inc. now owns 10,755 shares of the technology company’s stock valued at $376,000 after buying an additional 50 shares during the period. Atria Investments LLC boosted its position in Generac Holdlings by 1.7% in the 1st 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 period. Dorsey & Whitney Trust CO LLC boosted its position in Generac Holdlings by 0.8% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 17,648 shares of the technology company’s stock valued at $617,000 after buying an additional 140 shares during the period. Principal Financial Group Inc. boosted its position in Generac Holdlings by 1.4% in the 1st quarter. Principal Financial Group Inc. now owns 13,470 shares of the technology company’s stock valued at $502,000 after buying an additional 180 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in Generac Holdlings by 8.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 2,486 shares of the technology company’s stock valued at $101,000 after buying an additional 201 shares during the period. Institutional investors own 96.59% of the company’s stock.
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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