Generac (GNRC) Scheduled to Post Earnings on Wednesday

Generac (NYSE:GNRCGet Free Report) will be announcing its earnings results before the market opens on Wednesday, February 14th. Analysts expect the company to announce earnings of $2.10 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Generac Price Performance

NYSE:GNRC opened at $130.47 on Tuesday. Generac has a 52 week low of $79.86 and a 52 week high of $156.95. The firm has a market cap of $8.01 billion, a price-to-earnings ratio of 51.16, a P/E/G ratio of 1.73 and a beta of 1.45. The firm’s 50-day simple moving average is $122.19 and its 200 day simple moving average is $113.96. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 2.41.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $115.22, for a total transaction of $576,100.00. Following the transaction, the chief executive officer now directly owns 577,690 shares of the company’s stock, valued at approximately $66,561,441.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $115.22, for a total transaction of $576,100.00. Following the transaction, the chief executive officer now directly owns 577,690 shares of the company’s stock, valued at approximately $66,561,441.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Rajendra Kumar Kanuru sold 250 shares of Generac stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $116.76, for a total value of $29,190.00. Following the sale, the executive vice president now directly owns 15,618 shares in the company, valued at approximately $1,823,557.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,250 shares of company stock valued at $1,825,490. Insiders own 2.80% of the company’s stock.

Institutional Trading of Generac

A number of large investors have recently added to or reduced their stakes in the company. Fairfield Bush & CO. boosted its holdings in Generac by 83.2% during the 1st quarter. Fairfield Bush & CO. now owns 7,102 shares of the technology company’s stock valued at $2,111,000 after acquiring an additional 3,225 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Generac by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,442 shares of the technology company’s stock valued at $2,509,000 after acquiring an additional 523 shares during the period. Prudential PLC purchased a new position in Generac during the 1st quarter valued at $441,000. National Pension Service boosted its holdings in Generac by 12.8% during the 1st quarter. National Pension Service now owns 98,555 shares of the technology company’s stock valued at $29,296,000 after acquiring an additional 11,158 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Generac by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 6,770,488 shares of the technology company’s stock valued at $2,012,595,000 after acquiring an additional 130,854 shares during the period. Institutional investors own 87.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GNRC. JPMorgan Chase & Co. reduced their price target on shares of Generac from $179.00 to $164.00 and set an “overweight” rating on the stock in a research note on Thursday, October 19th. Stifel Nicolaus reiterated a “buy” rating and set a $135.00 target price on shares of Generac in a research report on Monday, December 4th. Guggenheim upgraded shares of Generac from a “neutral” rating to a “buy” rating and set a $142.00 target price on the stock in a research report on Friday, November 3rd. Citigroup lifted their target price on shares of Generac from $124.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, BNP Paribas assumed coverage on shares of Generac in a research report on Friday, October 20th. They set an “underperform” rating and a $78.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Generac presently has a consensus rating of “Moderate Buy” and an average target price of $141.53.

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About Generac

(Get Free Report)

Generac Holdings Inc designs, manufactures, and sells power generation equipment, energy storage systems, energy management devices and solutions, and other power products for the residential, light commercial, and industrial markets worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; residential storage solution consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; Mobile Link, a remote monitoring system for home standby generators; smart home solutions, such as smart thermostats and a suite of home monitoring products; smart water heater controllers; residential clean energy solutions; and portable and inverter generators; outdoor power equipment, including trimmers, field and brush mowers, log splitters, stump grinders, chipper shredders, lawn and leaf vacuums, and pressure washers and water pumps; and battery-powered turf care products.

See Also

Earnings History for Generac (NYSE:GNRC)

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