Generac Holdlings Inc. (NYSE:GNRC) was downgraded by equities researchers at Wolfe Research from a “market perform” rating to an “underperform” rating in a report issued on Monday.
Other research analysts also recently issued reports about the stock. TheStreet upgraded shares of Generac Holdlings from a “c+” rating to a “b-” rating in a research report on Wednesday, September 27th. KeyCorp restated a “hold” rating on shares of Generac Holdlings in a research report on Sunday, September 10th. BidaskClub upgraded shares of Generac Holdlings from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Zacks Investment Research upgraded shares of Generac Holdlings from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $41.00 price target on shares of Generac Holdlings in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Generac Holdlings presently has a consensus rating of “Buy” and a consensus target price of $53.00.
Shares of Generac Holdlings (GNRC) opened at $48.58 on Monday. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.77 and a quick ratio of 1.01. Generac Holdlings has a 1 year low of $33.77 and a 1 year high of $53.78. The firm has a market cap of $3,031.09, a P/E ratio of 15.48, a PEG ratio of 1.68 and a beta of 1.79.
Generac Holdlings (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.89 by $0.04. Generac Holdlings had a net margin of 7.47% and a return on equity of 46.06%. The business had revenue of $457.25 million during the quarter, compared to the consensus estimate of $420.42 million. During the same period in the previous year, the business earned $0.82 earnings per share. The company’s revenue was up 22.5% on a year-over-year basis. analysts predict that Generac Holdlings will post 3.22 EPS for the current year.
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In other Generac Holdlings news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $47.76, for a total transaction of $238,800.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CMO Russell S. Minick sold 24,085 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $50.92, for a total transaction of $1,226,408.20. Following the sale, the chief marketing officer now directly owns 39,369 shares in the company, valued at approximately $2,004,669.48. The disclosure for this sale can be found here. In the last three months, insiders sold 39,085 shares of company stock worth $1,927,408. 3.00% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. raised its holdings in shares of Generac Holdlings by 1.4% during the first quarter. Principal Financial Group Inc. now owns 13,470 shares of the technology company’s stock valued at $502,000 after purchasing an additional 180 shares during the period. BlackRock Inc. raised its holdings in shares of Generac Holdlings by 13,069.4% during the first quarter. BlackRock Inc. now owns 4,157,858 shares of the technology company’s stock valued at $155,006,000 after purchasing an additional 4,126,286 shares during the period. Bank of America Corp DE raised its holdings in shares of Generac Holdlings by 2.2% during the first quarter. Bank of America Corp DE now owns 221,177 shares of the technology company’s stock valued at $8,245,000 after purchasing an additional 4,685 shares during the period. State Street Corp raised its holdings in shares of Generac Holdlings by 0.4% during the first quarter. State Street Corp now owns 1,180,739 shares of the technology company’s stock valued at $44,017,000 after purchasing an additional 5,160 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Generac Holdlings by 25.7% during the second quarter. Janney Montgomery Scott LLC now owns 15,292 shares of the technology company’s stock valued at $552,000 after purchasing an additional 3,122 shares during the period. 97.19% of the stock is currently owned by institutional investors and hedge funds.
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.
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