Stifel Nicolaus Reaffirms “Hold” Rating for Generac (GNRC)

Generac (NYSE:GNRC)‘s stock had its “hold” rating reiterated by equities researchers at Stifel Nicolaus in a report issued on Wednesday, Marketbeat.com reports. They currently have a $49.00 target price on the technology company’s stock, down from their prior target price of $50.00. Stifel Nicolaus’ price target would suggest a potential upside of 5.20% from the company’s previous close.

GNRC has been the subject of several other research reports. Zacks Investment Research cut shares of Generac from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. BidaskClub upgraded shares of Generac from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. KeyCorp upped their target price on shares of Generac from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, October 20th. Bank of America restated a “buy” rating and issued a $49.84 target price (down previously from $58.00) on shares of Generac in a research report on Monday. Finally, Wolfe Research cut shares of Generac from a “market perform” rating to an “underperform” rating in a research report on Monday, November 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $51.98.

Generac (NYSE GNRC) traded up $1.55 during midday trading on Wednesday, reaching $46.58. 1,079,589 shares of the company’s stock traded hands, compared to its average volume of 514,870. Generac has a 1 year low of $33.77 and a 1 year 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 company has a market cap of $2,983.23, a PE ratio of 24.52, a price-to-earnings-growth ratio of 1.53 and a beta of 1.64.

Generac (NYSE:GNRC) last posted its earnings results on Tuesday, February 13th. The technology company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.20 by $0.17. Generac had a net margin of 8.76% and a return on equity of 35.35%. The firm had revenue of $488.00 million during the quarter, compared to analysts’ expectations of $475.15 million. During the same quarter in the prior year, the firm earned $1.12 EPS. Generac’s quarterly revenue was up 16.9% on a year-over-year basis. equities research analysts anticipate that Generac will post 3.22 earnings per share for the current year.

In other news, CEO Aaron Jagdfeld sold 20,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $48.54, for a total value of $970,800.00. Following the completion of the transaction, the chief executive officer now directly owns 969,911 shares in the company, valued at $47,079,479.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.00% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Burgundy Asset Management Ltd. boosted its holdings in shares of Generac by 1.3% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,749,267 shares of the technology company’s stock valued at $86,624,000 after acquiring an additional 22,209 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Generac by 6.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,565,700 shares of the technology company’s stock valued at $71,912,000 after acquiring an additional 100,711 shares in the last quarter. Investec Asset Management LTD bought a new position in shares of Generac in the fourth quarter valued at approximately $72,779,000. State Street Corp boosted its holdings in shares of Generac by 5.1% in the second quarter. State Street Corp now owns 1,241,485 shares of the technology company’s stock valued at $44,855,000 after acquiring an additional 60,746 shares in the last quarter. Finally, WS Management Lllp boosted its holdings in shares of Generac by 6.4% in the fourth quarter. WS Management Lllp now owns 1,011,154 shares of the technology company’s stock valued at $50,072,000 after acquiring an additional 61,154 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

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Generac 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.

Analyst Recommendations for Generac (NYSE:GNRC)

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