The stock of Generac Holdings Inc. (NYSE:GNRC) is a huge mover today! The stock decreased 3.33% or $1.29 on October 5, hitting $37.42. About 959,781 shares traded hands or 58.53% up from the average. Generac Holdings Inc. (NYSE:GNRC) has risen 11.85% since March 2, 2016 and is uptrending. It has outperformed by 3.59% the S&P500.
The move comes after 7 months negative chart setup for the $2.61B company. It was reported on Oct, 5 by Barchart.com. We have $35.55 PT which if reached, will make NYSE:GNRC worth $130.50M less.
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 $53.01M for 12.31 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. Bank of America upgraded the stock to “Neutral” rating in Thursday, October 29 report. The rating was upgraded by Bank of America to “Buy” on Monday, March 14. The rating was initiated by SunTrust on Tuesday, November 3 with “Neutral”. Northcoast initiated Generac Holdings Inc. (NYSE:GNRC) on Wednesday, December 30 with “Neutral” rating. On Tuesday, November 3 the stock rating was initiated by Suntrust Robinson 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 Q2 2016. Its down 0.20, from 0.84 in 2016Q1. The ratio turned negative, 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.
Mycio Wealth Partners Ltd Llc accumulated 6,800 shares or 0.04% of the stock. Comerica Comml Bank reported 31,471 shares or 0.01% of all its holdings. Oxford Asset has 129,757 shares for 0.19% of their US portfolio. Alpine Woods Cap Investors Lc accumulated 62,100 shares or 0.13% of the stock. Deutsche State Bank Ag owns 617,762 shares or 0.02% of their US portfolio. Rhumbline Advisers, a Massachusetts-based fund reported 68,174 shares. The Florida-based Raymond James Associates has invested 0% in Generac Holdings Inc. (NYSE:GNRC). Mairs & Power last reported 0.39% of its portfolio in the stock. Prtn Limited Liability Corporation has invested 0.24% of its portfolio in Generac Holdings Inc. (NYSE:GNRC). Comml Bank Of New York Mellon Corporation, a New York-based fund reported 280,298 shares. Benjamin F Edwards & Inc has 0.09% invested in the company for 12,888 shares. Brave Asset Mgmt Inc has 0% invested in the company for 200 shares. Blackrock Inv Mngmt Limited Liability Corporation, a New Jersey-based fund reported 261,241 shares. The Illinois-based Ubs Asset Americas Inc has invested 0.01% in Generac Holdings Inc. (NYSE:GNRC). Geode Cap Limited Liability Corp has 0.01% invested in the company for 442,274 shares.
Insider Transactions: Since May 25, 2016, the stock had 0 insider buys, and 1 sale for $468,258 net activity. $468,258 worth of Generac Holdings Inc. (NYSE:GNRC) shares were sold by Ragen York A..
More important 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 published article titled: “/quotes/zigman/3870025/realtime”, Quotes.Wsj.com published: “News Generac Holdings Inc.GNRC” on February 11, 2011. More interesting news about Generac Holdings Inc. (NYSE:GNRC) was released by: Jsonline.com and their article: “Generac invests in propane services firm” with publication date: August 30, 2016.
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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