Generac Holdlings Inc. (GNRC) Earns “Hold” Rating from SunTrust Banks, Inc.
Generac Holdlings Inc. (NYSE:GNRC)‘s stock had its “hold” rating reiterated by research analysts at SunTrust Banks, Inc. in a research report issued on Friday. They currently have a $48.00 target price on the technology company’s stock. SunTrust Banks, Inc.’s price objective would suggest a potential downside of 4.38% from the stock’s current price.
A number of other brokerages also recently weighed in on GNRC. Bank of America Corporation raised Generac Holdlings from a “neutral” rating to a “buy” rating and raised their price objective for the company from $45.00 to $50.00 in a research note on Friday, September 15th. BidaskClub raised Generac Holdlings from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. KeyCorp reissued a “hold” rating on shares of Generac Holdlings in a research note on Sunday, September 10th. Canaccord Genuity reissued a “hold” rating and issued a $42.00 price objective (up from $40.00) on shares of Generac Holdlings in a research note on Friday, September 8th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $41.00 price objective on shares of Generac Holdlings in a research note on Thursday, August 3rd. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $52.57.
Shares of Generac Holdlings (NYSE GNRC) opened at $50.20 on Friday. The stock has a market capitalization of $3.19 billion, a P/E ratio of 16.29, a PEG ratio of 1.84 and a beta of 1.79. The company has a debt-to-equity ratio of 2.35, a current ratio of 2.25 and a quick ratio of 1.03.
Generac Holdlings (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.93 EPS for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.04. Generac Holdlings had a return on equity of 47.63% and a net margin of 7.47%. The firm had revenue of $457.25 million during the quarter, compared to analyst estimates of $420.42 million. During the same period last year, the company posted $0.82 EPS. The business’s quarterly revenue was up 22.5% compared to the same quarter last year. equities research analysts forecast that Generac Holdlings will post 3.1 EPS for the current year.
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In other Generac Holdlings news, CEO Aaron Jagdfeld sold 5,000 shares of Generac Holdlings stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $47.76, for a total value of $238,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 15,000 shares of company stock valued at $701,000. Corporate insiders own 3.00% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its holdings in Generac Holdlings by 8.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,486 shares of the technology company’s stock valued at $101,000 after purchasing an additional 201 shares during the last quarter. IFP Advisors Inc increased its holdings in Generac Holdlings by 26,222.2% in the third quarter. IFP Advisors Inc now owns 2,369 shares of the technology company’s stock valued at $109,000 after purchasing an additional 2,360 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Generac Holdlings by 51.8% in the first quarter. Victory Capital Management Inc. now owns 3,269 shares of the technology company’s stock valued at $122,000 after purchasing an additional 1,116 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Generac Holdlings by 433.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,642 shares of the technology company’s stock valued at $127,000 after purchasing an additional 2,959 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in Generac Holdlings in the third quarter valued at about $134,000. Institutional investors own 97.05% 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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