The stock of Generac Holdings Inc. (NYSE:GNRC) hit a new 52-week high and has $63.79 target or 54.00% above today’s $41.42 share price. The 7 months bullish chart indicates low risk for the $2.65B company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $63.79 price target is reached, the company will be worth $1.43 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 470,860 shares traded hands. Generac Holdings Inc. (NYSE:GNRC) has risen 7.22% since April 15, 2016 and is uptrending. It has outperformed by 2.60% the S&P500.
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 rating was upgraded by Bank of America on Thursday, October 29 to “Neutral”. The stock of Generac Holdings Inc. (NYSE:GNRC) earned “Neutral” rating by SunTrust on Tuesday, November 3. 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. On Wednesday, December 30 the stock rating was initiated by Northcoast 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 dropped, 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.
Frontier Cap Management Company Lc last reported 1.35M shares in the company. Mycio Wealth Prtn Limited Liability has invested 0.04% of its portfolio in Generac Holdings Inc. (NYSE:GNRC). Moreover, Cambiar Ltd Llc has 0.38% invested in Generac Holdings Inc. (NYSE:GNRC) for 767,899 shares. Teacher Retirement Of Texas has 0% invested in the company for 9,382 shares. Price T Rowe Assoc Md reported 310,855 shares or 0% of all its holdings. Brave Asset last reported 0% of its portfolio in the stock. Lazard Asset Mgmt Ltd Llc has 0.02% invested in the company for 213,490 shares. State Of Wisconsin Inv Board accumulated 0.02% or 111,081 shares. Pictet Asset Mngmt Limited accumulated 0.04% or 262,500 shares. Fincl Bank Of New York Mellon accumulated 280,298 shares or 0% of the stock. Victory Capital Mngmt Inc last reported 1,575 shares in the company. Timucuan Asset Mgmt Fl, a Florida-based fund reported 23,800 shares. Westwood Holdg Inc reported 81,583 shares or 0.03% of all its holdings. Invesco Ltd accumulated 0.01% or 741,871 shares. The California-based Wells Fargo And Mn has invested 0.01% in Generac Holdings Inc. (NYSE:GNRC).
Insider Transactions: Since May 25, 2016, the stock had 0 insider buys, and 1 insider sale for $468,258 net activity. Ragen York A. had sold 12,500 shares worth $468,258.
More notable recent Generac Holdings Inc. (NYSE:GNRC) news were published by: Marketwatch.com which released: “Plus the latest data from Realtor.com on 21 home markets across the US” on October 17, 2010, also Fool.com with their article: “Acquisitions Powered Generac Holdings Inc.’s Earnings” published on August 02, 2016, 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: Fool.com and their article: “Is Generac Holdings Inc. Destined for Greatness?” published on March 14, 2014 as well as Bizjournals.com‘s news article titled: “Massive blizzard may have hit just in time for Briggs & Stratton, Generac” with publication date: January 27, 2015.
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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