The stock of Generac Holdings Inc. (NYSE:GNRC) is a huge mover today! About 329,538 shares traded hands. Generac Holdings Inc. (NYSE:GNRC) has risen 4.49% since February 29, 2016 and is uptrending. It has underperformed by 7.73% the S&P500.
The move comes after 9 months positive chart setup for the $2.45B company. It was reported on Oct, 3 by Barchart.com. We have $60.65 PT which if reached, will make NYSE:GNRC worth $1.64B more.
Analysts await Generac Holdings Inc. (NYSE:GNRC) to report earnings on October, 26. They expect $0.76 EPS, down 17.39% or $0.16 from last year’s $0.92 per share. GNRC’s profit will be $51.27M for 11.95 P/E if the $0.76 EPS becomes a reality. After $0.64 actual EPS reported by Generac Holdings Inc. for the previous quarter, Wall Street now forecasts 18.75% EPS growth.
Generac Holdings Inc. (NYSE:GNRC) Ratings Coverage
Out of 5 analysts covering Generac Holdings (NYSE:GNRC), 1 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 20% are positive. Generac Holdings has been the topic of 6 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock of Generac Holdings Inc. (NYSE:GNRC) has “Buy” rating given on Monday, March 14 by Bank of America. Suntrust Robinson initiated the shares of GNRC in a report on Tuesday, November 3 with “Neutral” rating. The rating was initiated by SunTrust with “Neutral” on Tuesday, November 3. The stock of Generac Holdings Inc. (NYSE:GNRC) earned “Neutral” rating by Bank of America on Thursday, October 29. The rating was initiated by Northcoast on Wednesday, December 30 with “Neutral”.
According to Zacks Investment Research, “Generac Holdings Inc. is a manufacturer of backup power generation products serving residential, light commercial and industrial markets. The Company designs, engineers, manufactures, and markets a range of automatic, stationary standby, and portable generators. Generac’s power systems range in output from 800 watts to 9 megawatts and are available through a broad network of independent and industrial dealers, retailers and wholesalers. The Company offers generators fueled by natural gas, liquid propane, gasoline, diesel, and Bi-Fuel. It also provides air-cooled engines. In addition, Generac designs, manufactures, sources and modifies engines, alternators, automatic transfer switches and other components necessary for its products. The Company’s generators are fueled by natural gas, liquid propane, gasoline, diesel and Bi-Fuel (combined diesel and natural gas). Generac Holdings Inc. is headquartered in Waukesha, Wisconsin.”
Insitutional Activity: The institutional sentiment decreased to 0.64 in 2016 Q2. Its down 0.20, from 0.84 in 2016Q1. The ratio dived, as 28 funds sold all Generac Holdings Inc. shares owned while 73 reduced positions. 18 funds bought stakes while 47 increased positions. They now own 68.93 million shares or 1.52% less from 69.99 million shares in 2016Q1.
Proshare Advisors Llc accumulated 8,528 shares or 0% of the stock. Teachers Advisors holds 102,675 shares or 0.01% of its portfolio. Dorsey And Whitney Co Ltd Com, a South Dakota-based fund reported 17,648 shares. Northwest Counselors Lc holds 0.3% of its portfolio in Generac Holdings Inc. (NYSE:GNRC) for 15,798 shares. The California-based Checchi Advisers Ltd Liability Corp has invested 0% in Generac Holdings Inc. (NYSE:GNRC). Pnc Fin Ser Group holds 0% or 1,915 shares in its portfolio. Keeley Asset Mngmt accumulated 1.06% or 727,686 shares. Daiwa Grp last reported 0% of its portfolio in the stock. Wellington Grp Inc Llp last reported 0.05% of its portfolio in the stock. Geode Cap Ltd Liability Corp owns 442,274 shares or 0.01% of their US portfolio. California Public Employees Retirement Sys owns 176,500 shares or 0.01% of their US portfolio. Sentry holds 40,100 shares or 0.01% of its portfolio. Associated Banc has invested 0.09% of its portfolio in Generac Holdings Inc. (NYSE:GNRC). Moreover, Cambiar Invsts Limited Liability Corp has 0.38% invested in Generac Holdings Inc. (NYSE:GNRC) for 767,899 shares. Moreover, Prudential Financial has 0% invested in Generac Holdings Inc. (NYSE:GNRC) for 7,467 shares.
Insider Transactions: Since May 25, 2016, the stock had 0 insider purchases, and 1 sale for $468,258 net activity. On Wednesday, May 25 the insider Ragen York A. sold $468,258.
More notable recent Generac Holdings Inc. (NYSE:GNRC) news were published by: Fool.com which released: “Acquisitions Powered Generac Holdings Inc.’s Earnings” on August 02, 2016, also Marketwatch.com with their article: “/quotes/zigman/3870025/realtime” published on October 17, 2010, Quotes.Wsj.com published: “News Generac Holdings Inc.GNRC” on February 11, 2011. More interesting news about Generac Holdings Inc. (NYSE:GNRC) were released by: Jsonline.com and their article: “Generac invests in propane services firm” published on August 30, 2016 as well as Jsonline.com‘s news article titled: “Generac Holdings Inc. purchases Magnum Products LLC” with publication date: October 03, 2011.
GNRC Company Profile
Generac Holdings Inc. (Generac), incorporated on September 12, 2006, is a designer and maker of a range of power generation equipment and other engine powered products. The Firm serves the residential, light commercial, industrial, gas and oil, and construction markets. The other engine powered products that the Company creates and makes include light towers, which provide temporary lighting for various end markets; commercial and industrial mobile heaters used in the gas and oil, construction and other industrial markets, and a product line of outdoor power equipment for residential and commercial use. It designs, makes, sources and modifies engines, alternators, transfer switches and other components necessary for its products, which are fueled by natural gas, liquid propane, gasoline, diesel and Bi-Fuel.
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