According to Bloomberg Ratings, the twenty-four research firms currently monitoring Generac Holdings Inc. (NYSE: GNRC) have given the company an average rating of “Moderate Buy,” indicating that they advocate purchasing its stock. This information was obtained from the ratings provided by the research firms to Generac Holdings Inc. One equity research analyst has recommended selling the stock, two analysts have rated the company as having a hold rating, and seventeen analysts have rated the company as having a buy rating. The average one-year price goal for the stock provided by analysts that have covered the stock over the past year is $414.86. Many stock research analysts have contributed recently to reports on GNRC shares that have been compiled recently. TheStreet reduced Generac from a “b-” rating to a “c+” rating in a research note issued on Tuesday, July 12. Roth Capital dropped its price target on Generac shares from $555.00 to $320.00, giving the company a “buy” rating. This information was disclosed in a research report released on Tuesday, May 24. In a research note released on Tuesday, July 19, Piper Sandler decreased their price target for Generac from $350.00 to $305.00, giving the company an “overweight” rating on the stock. Piper Sandler also assigned an “overweight” rating to the stock. Generac was first covered by Northland Securities, a brokerage business, on May 25.
This was announced in the form of a research note on that day. They anticipated that the business would receive an “outperform” rating and decided a price target of $370.00 would be appropriate. Last but not least, OTR Global reduced Generac from a rating of “neutral” to a “negative” in a research note issued on Friday, July 22. The price of NYSE: GNRC opened on Monday at $238.00. The company has a price-to-earnings ratio of 30.71, a price-to-earnings-to-growth ratio of 2.00, and a beta value of 1.33; its market capitalization is $15.19 billion; the ratio of its price to earnings to growth is 2.00. The stock price has a moving average over the past fifty days of $240.42, and over the past two hundred days, that price has a moving average of $255.50. During this period, the share price of Generac has ranged between a low of $197.94 and a high of $524.31 over one year. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.13, and a quick ratio of 1.07. All of these numbers are relative to the company’s overall financial health. The most recent quarterly results report made available to the public was presented by Generac (NYSE: GNRC) on August 3. The information technology company announced earnings per share (EPS) for the quarter of $2.99, which was $0.34 better than the projection given by industry analysts, who had predicted earnings per share of $2.65. The return on equity for Generac was calculated to be 29.42%, while the net margin for the company was 12.28%. The company’s revenue for the quarter was $1.29 billion, which is more than the generally accepted prediction of $1.26 billion.
The company recorded earnings of $2.39 per share, which is a significant increase compared to the same quarter’s results in the prior year. The company’s revenue rose by 40.3% when measured against the same quarter in the prior year’s financial year. According to the general view among market specialists, Generac is expected to produce earnings per share of 11.9 for the current fiscal year. In other news relevant to this topic, Generac, Inc. On August 1, the company’s Chief Executive Officer, Aaron Jagdfeld, successfully concluded a transaction in which he sold 5,000 shares of the company’s stock. At an average price of $264.96 per share, the selling of the shares generated a total transaction balance of $1,324,800.00. This was accomplished when the shares were sold at that price. The conclusion of the transaction has resulted in the chief executive officer gaining direct ownership of 610,975 shares in the firm. Based on the current stock price, these shares are worth $161,883,936. A document handed into the Securities and Exchange Commission (SEC) and is now available on the agency’s website was the vehicle the transaction was disclosed to the general public. Corporate insiders currently hold ownership of 2.80% of the total shares outstanding. As a result of recent events, significant investors have adjusted the proportion of the company’s shares that they own. The Massachusetts Financial Services Co. had a successful fourth quarter overall. M.A. increased the number of shares of Generac that it owns by 106.7%. The Massachusetts Financial Services Company increased its holdings in the company by 60,813 shares during the most recent fiscal quarter through the purchase of additional stock.
On its books, M.A. holds a total of 117,803 shares in the technology company, which can be valued at a total of $41,458,000 at the current market price. The number of shares of Generac that Rafferty Asset Management LLC possessed at the end of the year 2018 increased by 2.9% from the previous quarter’s value. Rafferty Asset Management LLC now owns 2,420 of the technology company’s shares, which have a combined value of $852,000. This is a result of the firm’s making an additional acquisition of 69 shares during the most recent quarter. Pinebridge Investments L.P.’s performance during the fourth quarter was as follows: we acquired a new stake in Generac by purchasing shares with a combined value of about $770,000. In the final three months of 2018, Qube Research & Technologies Ltd. increased its ownership in the firm Generac by 6.9% by purchasing additional shares. Qube Research & Technologies Ltd now holds a total of 13,362 shares of the common stock of the technology company following the purchase of an additional 861 shares during the most recent quarter.
The company’s stock is currently valued at $4,702,000. In conclusion, International Assets Investment Management LLC increased its holdings in Generac during the fourth quarter by purchasing additional shares at approximately $1,161,000 per share. This brought the total value of the firm’s investments in the company to approximately $1,161,000. At present, different sorts of institutional investors, such as hedge funds, control 90.40 percent of the company’s shares. Generac Holdings, Inc. is a global manufacturer that caters to the residential, light commercial, and industrial industries with its power generation equipment, energy storage systems, and other power products that it designs, manufactures and distributes. The company offers many components, including motors, alternators, batteries, electronic controls, steel enclosures, and many more.