Generac Holdings Inc. (NYSE:GNRC) has received a consensus recommendation of “Hold” from the thirteen brokerages that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $56.23.
GNRC has been the subject of a number of analyst reports. Zacks Investment Research cut Generac from a “buy” rating to a “hold” rating in a report on Thursday, July 5th. Robert W. Baird cut Generac from an “outperform” rating to a “neutral” rating and set a $60.00 price target for the company. in a report on Thursday, May 24th. KeyCorp upped their price target on Generac from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Thursday, September 13th. Canaccord Genuity set a $54.00 price target on Generac and gave the stock a “hold” rating in a report on Tuesday, July 24th. Finally, Goldman Sachs Group cut Generac from a “neutral” rating to a “sell” rating and set a $49.00 price target for the company. in a report on Monday, July 16th.
Shares of GNRC stock traded down $0.04 on Friday, hitting $57.98. The company had a trading volume of 5,480 shares, compared to its average volume of 595,726. The stock has a market cap of $3.55 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 2.14 and a beta of 1.45. The company has a quick ratio of 0.94, a current ratio of 1.94 and a debt-to-equity ratio of 1.47. Generac has a twelve month low of $42.96 and a twelve month high of $60.70.
Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, August 1st. The technology company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.20. The company had revenue of $494.90 million during the quarter, compared to analysts’ expectations of $448.41 million. Generac had a return on equity of 46.62% and a net margin of 11.18%. Generac’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 EPS. sell-side analysts anticipate that Generac will post 4.13 earnings per share for the current fiscal year.
In other Generac news, EVP Patrick John Forsythe sold 45,150 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $57.05, for a total transaction of $2,575,807.50. Following the completion of the sale, the executive vice president now directly owns 25,835 shares in the company, valued at approximately $1,473,886.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Russell S. Minick sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $54.86, for a total value of $493,740.00. Following the sale, the insider now owns 16,353 shares of the company’s stock, valued at $897,125.58. The disclosure for this sale can be found here. Insiders sold a total of 114,150 shares of company stock valued at $6,294,548 in the last ninety days. 3.00% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the business. Financial Gravity Wealth Inc. purchased a new stake in Generac during the 1st quarter worth approximately $212,000. Stevens Capital Management LP purchased a new stake in shares of Generac in the first quarter valued at approximately $213,000. Point72 Asia Hong Kong Ltd purchased a new stake in shares of Generac in the first quarter valued at approximately $242,000. Alambic Investment Management L.P. purchased a new stake in shares of Generac in the first quarter valued at approximately $266,000. Finally, Strs Ohio grew its position in shares of Generac by 30.0% in the second quarter. Strs Ohio now owns 5,200 shares of the technology company’s stock valued at $268,000 after purchasing an additional 1,200 shares in the last quarter. Institutional investors own 97.75% of the company’s stock.
Generac Company Profile
Generac Holdings Inc designs, manufactures, and sells power generation equipment and other engine powered products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.
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