Could Generac Holdings Inc. (GNRC) Decline After Today’s Big Increase?

September 17, 2017 - By Dolores Ford

Investors sentiment decreased to 1.16 in Q4 2016. Its down 0.04, from 1.2 in 2016Q3. It worsened, as 23 investors sold Generac Holdings Inc. shares while 67 reduced holdings. 42 funds opened positions while 62 raised stakes. 62.60 million shares or 3.56% less from 64.91 million shares in 2016Q3 were reported.
Burgundy Asset Management Limited reported 1.92M shares stake. Blackrock Investment Mngmt Llc invested in 259,886 shares or 0.01% of the stock. Tiaa Cref Invest Management Ltd owns 0.01% invested in Generac Holdings Inc. (NYSE:GNRC) for 189,970 shares. Pnc Services Group Inc stated it has 0% in Generac Holdings Inc. (NYSE:GNRC). Schwab Charles Investment Mgmt Inc holds 0.02% or 372,807 shares in its portfolio. Bnp Paribas Arbitrage Sa has invested 0% in Generac Holdings Inc. (NYSE:GNRC). Tower Rech Cap Limited Liability Company (Trc) accumulated 2,441 shares or 0.01% of the stock. Susquehanna Int Group Incorporated Limited Liability Partnership invested in 75,138 shares or 0% of the stock. Credit Suisse Ag has invested 0% in Generac Holdings Inc. (NYSE:GNRC). Deutsche Bank & Trust Ag holds 0.01% or 263,746 shares. Impax Asset Mngmt stated it has 0.82% of its portfolio in Generac Holdings Inc. (NYSE:GNRC). Northern Tru holds 0.01% or 842,605 shares. Rech Glob Investors accumulated 4.99 million shares or 0.07% of the stock. Greylin Inv Mangement owns 10,075 shares. Sg Americas Secs Lc has invested 0% in Generac Holdings Inc. (NYSE:GNRC).

The stock of Generac Holdings Inc. (NYSE:GNRC) is a huge mover today! The stock increased 4.91% or $2.12 on September 15, reaching $45.28. About 2.01 million shares traded or 168.49% up from the average. Generac Holdings Inc. (NYSE:GNRC) has risen 0.51% since September 17, 2016 and is uptrending. It has underperformed by 16.19% the S&P500.
The move comes after 5 months positive chart setup for the $2.81B company. It was reported on Sep, 17 by Barchart.com. We have $47.54 PT which if reached, will make NYSE:GNRC worth $140.50 million more.

Wall Street await Generac Holdings Inc. (NYSE:GNRC) to release earnings on October, 25. Analysts forecast earnings per share of $0.86, up exactly $0.04 or 4.88 % from 2014’s $0.82 EPS. The expected GNRC’s profit could reach $53.37M giving the stock 13.16 P/E in the case that $0.86 earnings per share is reported. After posting $0.69 EPS for the previous quarter, Generac Holdings Inc.’s analysts now forecast 24.64 % EPS growth.

Generac Holdings Inc. (NYSE:GNRC) Ratings Coverage

Among 9 analysts covering Generac Holdings (NYSE:GNRC), 1 have Buy rating, 0 Sell and 8 Hold. Therefore 11% are positive. Generac Holdings had 20 analyst reports since August 7, 2015 according to SRatingsIntel. As per Friday, September 8, the company rating was maintained by KeyBanc Capital Markets. The stock has “Underperform” rating by Bank of America on Friday, January 13. Suntrust Robinson initiated Generac Holdings Inc. (NYSE:GNRC) on Tuesday, November 3 with “Neutral” rating. The rating was maintained by Stifel Nicolaus on Thursday, August 3 with “Hold”. The stock has “Neutral” rating by SunTrust on Tuesday, November 3. On Thursday, September 7 the stock rating was upgraded by Bank of America to “Hold”. Canaccord Genuity maintained Generac Holdings Inc. (NYSE:GNRC) rating on Monday, July 31. Canaccord Genuity has “Hold” rating and $4000 target. The company was upgraded on Thursday, October 29 by Bank of America. The company was maintained on Friday, September 8 by Canaccord Genuity. The rating was upgraded by Bank of America on Friday, September 15 to “Buy”.

More notable recent Generac Holdings Inc. (NYSE:GNRC) news were published by: Seekingalpha.com which released: “Generac Holdings (GNRC) Q2 2017 Results – Earnings Call Transcript” on August 02, 2017, also Seekingalpha.com with their article: “Generac Holdings (GNRC) Q1 2017 Results – Earnings Call Transcript” published on April 27, 2017, Nasdaq.com published: “Generac Holdings Breaks Above 200-Day Moving Average – Bullish for GNRC” on August 25, 2017. More interesting news about Generac Holdings Inc. (NYSE:GNRC) were released by: Globenewswire.com and their article: “Generac Announces Webcast of Upcoming 2017 Investor Day” published on August 29, 2017 as well as Benzinga.com‘s news article titled: “Searching For Value In Generac Shares In The Wake Of Hurricane Irma” with publication date: September 12, 2017.

Generac Holdings Inc. is a designer and maker of power generation equipment and other engine powered products. The company has market cap of $2.81 billion. The Firm serves the residential, light commercial, industrial, gas and oil, and construction markets. It has a 26.9 P/E ratio. The Company’s divisions include Domestic and International.

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