Generac Holdlings Inc. (GNRC) Rating Reiterated by SunTrust Banks, Inc.

Generac Holdlings Inc. (NYSE:GNRC)‘s stock had its “hold” rating reiterated by SunTrust Banks, Inc. in a report released on Thursday. They currently have a $47.00 price target on the technology company’s stock. SunTrust Banks, Inc.’s price target would suggest a potential downside of 5.77% from the company’s previous close.

A number of other research firms have also recently issued reports on GNRC. Zacks Investment Research upgraded Generac Holdlings from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Wednesday. Robert W. Baird restated a “buy” rating and set a $50.00 price target on shares of Generac Holdlings in a report on Wednesday, October 4th. BidaskClub upgraded Generac Holdlings from a “hold” rating to a “buy” rating in a report on Tuesday, October 3rd. TheStreet upgraded Generac Holdlings from a “c+” rating to a “b-” rating in a report on Wednesday, September 27th. Finally, KeyCorp upgraded Generac Holdlings from a “sector weight” rating to an “overweight” rating and set a $55.00 price target on the stock in a report on Monday, October 2nd. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Generac Holdlings has a consensus rating of “Buy” and a consensus price target of $48.57.

Shares of Generac Holdlings (NYSE:GNRC) traded up 1.61% during mid-day trading on Thursday, reaching $49.88. 819,005 shares of the company’s stock traded hands. The company has a 50 day moving average of $44.07 and a 200 day moving average of $38.16. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 29.80 and a beta of 1.41. Generac Holdlings has a 12 month low of $33.77 and a 12 month high of $50.29.

Generac Holdlings (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The firm had revenue of $395.40 million for 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%. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.64 EPS. Analysts expect that Generac Holdlings will post $2.98 earnings per share for the current fiscal year.

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In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $35.68, for a total transaction of $178,400.00. Following the transaction, the chief executive officer now directly owns 1,044,911 shares of the company’s stock, valued at $37,282,424.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 15,000 shares of company stock worth $619,400 over the last ninety days. 3.00% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. Marshall Wace North America L.P. acquired a new position in shares of Generac Holdlings during the second quarter worth approximately $4,857,000. First Trust Advisors LP raised its position in shares of Generac Holdlings by 16.1% during the second quarter. First Trust Advisors LP now owns 186,597 shares of the technology company’s stock worth $6,742,000 after purchasing an additional 25,814 shares during the period. JPMorgan Chase & Co. raised its position in shares of Generac Holdlings by 29.0% during the second quarter. JPMorgan Chase & Co. now owns 2,294,301 shares of the technology company’s stock worth $82,893,000 after purchasing an additional 515,905 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Generac Holdlings by 6.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 433,183 shares of the technology company’s stock worth $15,651,000 after purchasing an additional 25,536 shares during the period. Finally, Federated Investors Inc. PA raised its position in shares of Generac Holdlings by 18.7% during the second quarter. Federated Investors Inc. PA now owns 81,565 shares of the technology company’s stock worth $2,947,000 after purchasing an additional 12,861 shares during the period. 96.59% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Generac Holdlings (NYSE:GNRC)

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