Generac Holdings Inc. (NYSE:GNRC) – Investment analysts at SunTrust Banks raised their Q1 2019 earnings estimates for Generac in a research report issued to clients and investors on Thursday, February 14th. SunTrust Banks analyst C. Brady now expects that the technology company will earn $0.82 per share for the quarter, up from their prior estimate of $0.78. SunTrust Banks also issued estimates for Generac’s Q2 2019 earnings at $1.19 EPS, Q3 2019 earnings at $1.26 EPS, Q4 2019 earnings at $1.36 EPS, Q1 2020 earnings at $0.87 EPS, Q2 2020 earnings at $1.28 EPS, Q3 2020 earnings at $1.36 EPS and Q4 2020 earnings at $1.46 EPS.
Several other equities analysts also recently issued reports on the company. ValuEngine raised Generac from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. William Blair lowered shares of Generac from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 6th. Zacks Investment Research raised shares of Generac from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Wednesday, January 9th. Finally, Robert W. Baird upped their price target on shares of Generac from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, November 2nd. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $57.43.
NYSE GNRC opened at $52.63 on Monday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.98 and a current ratio of 1.88. Generac has a 1 year low of $42.96 and a 1 year high of $60.70. The firm has a market capitalization of $3.27 billion, a P/E ratio of 15.48, a PEG ratio of 1.72 and a beta of 1.23.
Generac (NYSE:GNRC) last issued its quarterly earnings results on Thursday, February 14th. The technology company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.03. The business had revenue of $563.40 million for the quarter, compared to the consensus estimate of $552.69 million. Generac had a return on equity of 47.44% and a net margin of 12.45%. The business’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.39 earnings per share.
In other news, CEO Aaron Jagdfeld sold 20,000 shares of the stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $53.08, for a total transaction of $1,061,600.00. Following the sale, the chief executive officer now directly owns 747,771 shares of the company’s stock, valued at approximately $39,691,684.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO York A. Ragen sold 36,000 shares of the stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $54.84, for a total transaction of $1,974,240.00. Following the sale, the chief financial officer now directly owns 185,108 shares in the company, valued at $10,151,322.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 96,000 shares of company stock worth $5,165,240. Corporate insiders own 3.00% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank raised its position in shares of Generac by 150.1% during the 4th quarter. Amalgamated Bank now owns 8,910 shares of the technology company’s stock worth $443,000 after purchasing an additional 5,347 shares during the last quarter. Salem Investment Counselors Inc. raised its position in shares of Generac by 116.7% during the 4th quarter. Salem Investment Counselors Inc. now owns 6,500 shares of the technology company’s stock worth $367,000 after purchasing an additional 3,500 shares during the last quarter. Wakefield Asset Management LLLP raised its position in shares of Generac by 81.9% during the 4th quarter. Wakefield Asset Management LLLP now owns 8,702 shares of the technology company’s stock worth $432,000 after purchasing an additional 3,918 shares during the last quarter. YorkBridge Wealth Partners LLC acquired a new position in shares of Generac during the 4th quarter worth about $106,000. Finally, Hancock Whitney Corp raised its position in shares of Generac by 16.1% during the 4th quarter. Hancock Whitney Corp now owns 42,614 shares of the technology company’s stock worth $2,118,000 after purchasing an additional 5,916 shares during the last quarter. Hedge funds and other institutional investors own 96.67% of the company’s stock.
Generac Holdings Inc designs, manufactures, and sells power generation equipment and other engine powered products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.