SunTrust Banks, Inc. Reaffirms “Hold” Rating for Generac Holdlings Inc. (GNRC)

SunTrust Banks, Inc. reaffirmed their hold rating on shares of Generac Holdlings Inc. (NYSE:GNRC) in a research report released on Friday. SunTrust Banks, Inc. currently has a $48.00 target price on the technology company’s stock.

Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Generac Holdlings from a hold rating to a buy rating and set a $55.00 price objective for the company in a research report on Wednesday, October 11th. Bank of America Corporation upgraded shares of Generac Holdlings from a neutral rating to a buy rating and raised their price objective for the stock from $45.00 to $50.00 in a research report on Friday, September 15th. KeyCorp restated a hold rating on shares of Generac Holdlings in a research report on Sunday, September 10th. BidaskClub upgraded shares of Generac Holdlings from a hold rating to a buy rating in a research report on Friday, September 8th. Finally, Canaccord Genuity restated a hold rating and set a $42.00 price objective (up from $40.00) on shares of Generac Holdlings in a research report on Friday, September 8th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $52.57.

Shares of Generac Holdlings (NYSE:GNRC) opened at $50.20 on Friday. The stock has a market capitalization of $3,119.98, a PE ratio of 15.94, a PEG ratio of 1.76 and a beta of 1.79. The company has a current ratio of 2.25, a quick ratio of 1.03 and a debt-to-equity ratio of 2.35.

Generac Holdlings (NYSE:GNRC) last released its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.04. Generac Holdlings had a net margin of 7.47% and a return on equity of 47.63%. The firm had revenue of $457.25 million during the quarter, compared to analysts’ expectations of $420.42 million. During the same period last year, the business earned $0.82 earnings per share. Generac Holdlings’s revenue was up 22.5% compared to the same quarter last year. research analysts forecast that Generac Holdlings will post 3.17 EPS for the current fiscal year.

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In other Generac Holdlings news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $40.44, for a total transaction of $202,200.00. Following the completion of the transaction, the chief executive officer now owns 1,039,911 shares of the company’s stock, valued at $42,054,000.84. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last ninety days, insiders have sold 15,000 shares of company stock valued at $701,000. 3.00% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of GNRC. Karp Capital Management Corp purchased a new position in shares of Generac Holdlings in the first quarter valued at approximately $219,000. Principal Financial Group Inc. boosted its stake in shares of Generac Holdlings by 1.4% in the first quarter. Principal Financial Group Inc. now owns 13,470 shares of the technology company’s stock valued at $502,000 after purchasing an additional 180 shares during the period. Vanguard Group Inc. boosted its stake in shares of Generac Holdlings by 3.6% in the first quarter. Vanguard Group Inc. now owns 5,162,329 shares of the technology company’s stock valued at $192,452,000 after purchasing an additional 177,943 shares during the period. Geode Capital Management LLC boosted its stake in shares of Generac Holdlings by 5.5% in the first quarter. Geode Capital Management LLC now owns 499,222 shares of the technology company’s stock valued at $18,610,000 after purchasing an additional 26,067 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Generac Holdlings by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,416,568 shares of the technology company’s stock valued at $52,810,000 after purchasing an additional 80,251 shares during the period. 97.80% of the stock is owned by institutional investors and hedge funds.

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.

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