Generac Holdlings’ (NYSE:GNRC) Hold Rating Reaffirmed at KeyCorp

Generac Holdlings Inc. (NYSE:GNRC)‘s stock had its “hold” rating reaffirmed by equities researchers at KeyCorp in a report released on Sunday, September 10th.

GNRC has been the topic of a number of other reports. ValuEngine cut shares of Generac Holdlings from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research lowered shares of Generac Holdlings from a “hold” rating to a “sell” rating in a research report on Monday, July 10th. BidaskClub lowered shares of Generac Holdlings from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Bank of America Corporation upgraded shares of Generac Holdlings from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $34.00 to $45.00 in a research report on Thursday, September 7th. Finally, Wolfe Research began coverage on shares of Generac Holdlings in a research report on Tuesday, July 11th. They issued a “market perform” rating on the stock. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $44.67.

Generac Holdlings (NYSE GNRC) opened at 45.42 on Friday. The company has a market cap of $2.82 billion, a PE ratio of 27.13 and a beta of 1.39. Generac Holdlings has a 12-month low of $33.77 and a 12-month high of $46.75. The stock has a 50 day moving average of $39.63 and a 200 day moving average of $37.13.

Generac Holdlings (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.05. Generac Holdlings had a net margin of 7.00% and a return on equity of 46.60%. The business had revenue of $395.40 million for the quarter, compared to analysts’ expectations of $383.14 million. During the same period in the prior year, the company posted $0.64 EPS. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. Equities analysts expect that Generac Holdlings will post $2.96 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This news story was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright law. The original version of this news story can be read at https://ledgergazette.com/2017/09/26/generac-holdlings-inc-gnrc-receives-hold-rating-from-keycorp.html.

In other Generac Holdlings news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $40.44, for a total value of $202,200.00. Following the transaction, the chief executive officer now directly owns 1,039,911 shares in the company, valued at approximately $42,054,000.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 15,000 shares of company stock worth $563,100. 3.00% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. EdgePoint Investment Group Inc. increased its stake in shares of Generac Holdlings by 13.9% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 8,775,546 shares of the technology company’s stock valued at $317,060,000 after acquiring an additional 1,069,401 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Generac Holdlings by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 5,162,329 shares of the technology company’s stock valued at $192,452,000 after acquiring an additional 177,943 shares during the last quarter. BlackRock Inc. increased its stake in shares of Generac Holdlings by 13,069.4% during the 1st quarter. BlackRock Inc. now owns 4,157,858 shares of the technology company’s stock valued at $155,006,000 after acquiring an additional 4,126,286 shares during the last quarter. JPMorgan Chase & Co. increased its stake i

GNRC has been the topic of a number of other reports. ValuEngine cut shares of Generac Holdlings from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research lowered shares of Generac Holdlings from a “hold” rating to a “sell” rating in a research report on Monday, July 10th. BidaskClub lowered shares of Generac Holdlings from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Bank of America Corporation upgraded shares of Generac Holdlings from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $34.00 to $45.00 in a research report on Thursday, September 7th. Finally, Wolfe Research began coverage on shares of Generac Holdlings in a research report on Tuesday, July 11th. They issued a “market perform” rating on the stock. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $44.67.

Generac Holdlings (NYSE GNRC) opened at 45.42 on Friday. The company has a market cap of $2.82 billion, a PE ratio of 27.13 and a beta of 1.39. Generac Holdlings has a 12-month low of $33.77 and a 12-month high of $46.75. The stock has a 50 day moving average of $39.63 and a 200 day moving average of $37.13.

Generac Holdlings (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.05. Generac Holdlings had a net margin of 7.00% and a return on equity of 46.60%. The business had revenue of $395.40 million for the quarter, compared to analysts’ expectations of $383.14 million. During the same period in the prior year, the company posted $0.64 EPS. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. Equities analysts expect that Generac Holdlings will post $2.96 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This news story was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright law. The original version of this news story can be read at https://ledgergazette.com/2017/09/26/generac-holdlings-inc-gnrc-receives-hold-rating-from-keycorp.html.

In other Generac Holdlings news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $40.44, for a total value of $202,200.00. Following the transaction, the chief executive officer now directly owns 1,039,911 shares in the company, valued at approximately $42,054,000.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 15,000 shares of company stock worth $563,100. 3.00% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. EdgePoint Investment Group Inc. increased its stake in shares of Generac Holdlings by 13.9% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 8,775,546 shares of the technology company’s stock valued at $317,060,000 after acquiring an additional 1,069,401 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Generac Holdlings by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 5,162,329 shares of the technology company’s stock valued at $192,452,000 after acquiring an additional 177,943 shares during the last quarter. BlackRock Inc. increased its stake in shares of Generac Holdlings by 13,069.4% during the 1st quarter. BlackRock Inc. now owns 4,157,858 shares of the technology company’s stock valued at $155,006,000 after acquiring an additional 4,126,286 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Generac Holdlings by 29.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,294,301 shares of the technology company’s stock valued at $82,893,000 after acquiring an additional 515,905 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Generac Holdlings by 2.2% during the 1st quarter. FMR LLC now owns 2,032,333 shares of the technology company’s stock valued at $75,765,000 after acquiring an additional 44,633 shares during the last quarter. 96.60% of the stock is owned by institutional investors.

About Generac Holdlings

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 Holdlings (NYSE:GNRC)

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