According to Zacks, “Generac Holdings Inc. is a manufacturer of backup power generation products serving residential, light commercial and industrial markets. The Company designs, engineers, manufactures, and markets a range of automatic, stationary standby, and portable generators. Generac’s power systems range in output from 800 watts to 9 megawatts and are available through a broad network of independent and industrial dealers, retailers and wholesalers. The Company offers generators fueled by natural gas, liquid propane, gasoline, diesel, and Bi-Fuel. It also provides air-cooled engines. In addition, Generac designs, manufactures, sources and modifies engines, alternators, automatic transfer switches and other components necessary for its products. The Company’s generators are fueled by natural gas, liquid propane, gasoline, diesel and Bi-Fuel (combined diesel and natural gas). Generac Holdings Inc. is headquartered in Waukesha, Wisconsin. “
Separately, Bank of America Corp. cut Generac Holdings from a buy rating to a neutral rating and set a $39.00 price target for the company. in a report on Monday, August 1st. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating, Generac Holdings presently has an average rating of Hold and an average target price of $36.00.
Shares of Generac Holdings (NYSE:GNRC) traded up 1.2028% during midday trading on Wednesday, reaching $37.8701. The company’s stock had a trading volume of 174,924 shares. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 34.3026 and a beta of 1.24. Generac Holdings has a 12 month low of $26.29 and a 12 month high of $39.59. The company has a 50-day moving average price of $36.05 and a 200-day moving average price of $36.59.
Generac Holdings (NYSE:GNRC) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.04. The firm earned $367.40 million during the quarter, compared to analysts’ expectations of $355.23 million. Generac Holdings had a return on equity of 42.86% and a net margin of 5.42%. The company’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.50 EPS. Equities analysts expect that Generac Holdings will post $2.82 earnings per share for the current year.
Institutional investors have recently modified their holdings of the company. WFG Advisors LP boosted its position in shares of Generac Holdings by 12.7% in the second quarter. WFG Advisors LP now owns 3,586 shares of the company’s stock worth $125,000 after buying an additional 404 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Generac Holdings by 433.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,642 shares of the company’s stock worth $127,000 after buying an additional 2,959 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Generac Holdings by 108.8% in the third quarter. BNP Paribas Arbitrage SA now owns 5,584 shares of the company’s stock worth $203,000 after buying an additional 2,910 shares during the last quarter. Acrospire Investment Management LLC purchased a new position in shares of Generac Holdings during the first quarter worth about $213,000. Finally, Raymond James & Associates purchased a new position in shares of Generac Holdings during the second quarter worth about $204,000.
Generac Holdings Company Profile
Generac Holdings Inc (Generac) is a designer and manufacturer of a range of power generation equipment and other engine powered products. The Company serves the residential, light commercial, industrial, oil and gas, and construction markets. The other engine powered products that the Company designs and manufactures include light towers, which provide temporary lighting for various end markets; commercial and industrial mobile heaters used in the oil and gas, construction and other industrial markets, and a product line of outdoor power equipment for residential and commercial use.
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