Robert W. Baird Reaffirms Buy Rating for Generac Holdlings Inc. (GNRC)
Robert W. Baird reissued their buy rating on shares of Generac Holdlings Inc. (NYSE:GNRC) in a research note published on Wednesday. Robert W. Baird currently has a $50.00 price objective on the technology company’s stock.
A number of other equities analysts have also recently commented on GNRC. BidaskClub upgraded Generac Holdlings from a sell rating to a hold rating in a research report on Wednesday, July 5th. ValuEngine upgraded Generac Holdlings from a hold rating to a buy rating in a research report on Thursday, July 6th. Zacks Investment Research lowered Generac Holdlings from a hold rating to a sell rating in a research report on Monday, July 10th. Wolfe Research began coverage on Generac Holdlings in a research report on Tuesday, July 11th. They set a market perform rating for the company. Finally, Stifel Nicolaus restated a hold rating and set a $41.00 price target on shares of Generac Holdlings in a research report on Thursday, August 3rd. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of Buy and an average target price of $47.60.
Shares of Generac Holdlings (NYSE GNRC) opened at 49.03 on Wednesday. The stock’s 50 day moving average is $43.03 and its 200 day moving average is $37.90. The firm has a market cap of $3.05 billion, a P/E ratio of 29.29 and a beta of 1.41. Generac Holdlings has a 12 month low of $33.77 and a 12 month high of $49.11.
Generac Holdlings (NYSE:GNRC) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The company had revenue of $395.40 million during the quarter, compared to analysts’ expectations of $383.14 million. Generac Holdlings had a return on equity of 46.60% and a net margin of 7.00%. Generac Holdlings’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 EPS. Equities research analysts expect that Generac Holdlings will post $2.98 EPS for the current year.
In other Generac Holdlings news, CEO Aaron Jagdfeld sold 5,000 shares of Generac Holdlings stock in a transaction that occurred 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 document filed with the SEC, which is accessible through this link. In the last three months, insiders have sold 15,000 shares of company stock worth $619,400. Corporate insiders own 3.00% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. WFG Advisors LP lifted its position in shares of Generac Holdlings by 20.1% during the 2nd quarter. WFG Advisors LP now owns 9,949 shares of the technology company’s stock valued at $359,000 after acquiring an additional 1,668 shares during the period. Public Employees Retirement System of Ohio lifted its position in shares of Generac Holdlings by 10.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,873 shares of the technology company’s stock valued at $212,000 after acquiring an additional 565 shares during the period. Sterneck Capital Management LLC lifted its position in shares of Generac Holdlings by 17.9% during the 2nd quarter. Sterneck Capital Management LLC now owns 42,340 shares of the technology company’s stock valued at $1,530,000 after acquiring an additional 6,440 shares during the period. State Street Corp lifted its position in shares of Generac Holdlings by 5.1% during the 2nd 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 during the period. Finally, Gotham Asset Management LLC lifted its position in shares of Generac Holdlings by 2.1% during the 2nd quarter. Gotham Asset Management LLC now owns 55,250 shares of the technology company’s stock valued at $1,996,000 after acquiring an additional 1,111 shares during the period. Institutional investors own 96.60% 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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