Generac Holdings Inc. (NYSE:GNRC) – Stock analysts at SunTrust Banks upped their Q3 2018 EPS estimates for Generac in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst C. Brady now anticipates that the technology company will earn $0.96 per share for the quarter, up from their previous forecast of $0.76. SunTrust Banks has a “Buy” rating on the stock. SunTrust Banks also issued estimates for Generac’s FY2018 earnings at $3.69 EPS.
Generac (NYSE:GNRC) last released its earnings results on Tuesday, February 13th. The technology company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.17. Generac had a net margin of 9.53% and a return on equity of 48.32%. The business had revenue of $488.00 million for the quarter, compared to the consensus estimate of $475.15 million. During the same period in the previous year, the firm earned $1.12 EPS. The business’s revenue for the quarter was up 16.9% on a year-over-year basis.
Shares of Generac (NYSE:GNRC) opened at $45.69 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.77 and a debt-to-equity ratio of 1.92. Generac has a fifty-two week low of $33.77 and a fifty-two week high of $53.78. The company has a market cap of $2,843.98, a P/E ratio of 17.85, a P/E/G ratio of 1.99 and a beta of 1.57.
A number of institutional investors and hedge funds have recently made changes to their positions in GNRC. New York State Common Retirement Fund grew its position in Generac by 14.8% during the second quarter. New York State Common Retirement Fund now owns 79,076 shares of the technology company’s stock valued at $2,857,000 after purchasing an additional 10,175 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Generac by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,464,989 shares of the technology company’s stock valued at $52,930,000 after purchasing an additional 48,421 shares in the last quarter. Voya Investment Management LLC grew its position in Generac by 6.5% during the second quarter. Voya Investment Management LLC now owns 28,851 shares of the technology company’s stock valued at $1,042,000 after purchasing an additional 1,760 shares in the last quarter. Janus Henderson Group PLC purchased a new position in Generac during the second quarter valued at approximately $20,734,000. Finally, State Street Corp grew its position in Generac by 5.1% during the second quarter. State Street Corp now owns 1,241,485 shares of the technology company’s stock valued at $44,855,000 after purchasing an additional 60,746 shares in the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CEO Aaron Jagdfeld sold 20,000 shares of Generac stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $49.03, for a total value of $980,600.00. Following the transaction, the chief executive officer now directly owns 990,411 shares of the company’s stock, valued at $48,559,851.33. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.00% of the company’s stock.
Generac 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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