Generac Holdings Inc. (NYSE:GNRC) – Stock analysts at Piper Sandler dropped their Q3 2021 EPS estimates for Generac in a research report issued on Tuesday, September 14th. Piper Sandler analyst P. Hammond now forecasts that the technology company will post earnings per share of $2.33 for the quarter, down from their previous estimate of $2.45. Piper Sandler currently has a “Overweight” rating and a $510.00 price target on the stock. Piper Sandler also issued estimates for Generac’s FY2021 earnings at $10.05 EPS.
Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, July 28th. The technology company reported $2.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.35 by $0.04. Generac had a return on equity of 39.62% and a net margin of 16.18%. The business had revenue of $919.98 million for the quarter, compared to the consensus estimate of $872.36 million.
Shares of NYSE GNRC opened at $440.70 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 2.02. The business’s 50 day moving average price is $428.58 and its 200-day moving average price is $367.83. Generac has a fifty-two week low of $173.80 and a fifty-two week high of $466.92. The company has a market cap of $27.82 billion, a price-to-earnings ratio of 54.21, a PEG ratio of 6.90 and a beta of 0.89.
Hedge funds have recently bought and sold shares of the stock. Commonwealth Equity Services LLC boosted its holdings in shares of Generac by 116.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 17,399 shares of the technology company’s stock worth $5,697,000 after purchasing an additional 9,375 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of Generac during the 1st quarter worth approximately $131,000. Los Angeles Capital Management LLC boosted its holdings in shares of Generac by 22.0% during the 1st quarter. Los Angeles Capital Management LLC now owns 1,600 shares of the technology company’s stock worth $524,000 after purchasing an additional 289 shares during the last quarter. Wesbanco Bank Inc. acquired a new position in shares of Generac during the 1st quarter worth approximately $393,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of Generac by 71.6% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 20,347 shares of the technology company’s stock worth $6,663,000 after purchasing an additional 8,491 shares during the last quarter. Institutional investors own 88.45% of the company’s stock.
In related news, EVP Erik Wilde sold 5,443 shares of Generac stock in a transaction dated Wednesday, June 23rd. The stock was sold at an average price of $400.00, for a total value of $2,177,200.00. Following the completion of the transaction, the executive vice president now owns 16,048 shares in the company, valued at approximately $6,419,200. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Patrick John Forsythe sold 3,537 shares of Generac stock in a transaction dated Wednesday, June 23rd. The shares were sold at an average price of $400.00, for a total value of $1,414,800.00. Following the completion of the transaction, the insider now owns 16,089 shares of the company’s stock, valued at approximately $6,435,600. The disclosure for this sale can be found here. Insiders have sold a total of 13,203 shares of company stock valued at $5,492,350 in the last quarter. Company insiders own 2.80% of the company’s stock.
Generac Company Profile
Generac Holdings, Inc engages in the design and manufacture of power generation equipment and other power products. It operates through the following segments: Domestic and International. The Domestic segment includes the legacy Generac, and the impact of acquisitions that are based in the United States.
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