Shares of Generac Holdings Inc. (NYSE:GNRC) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $75.62 and last traded at $75.40, with a volume of 796 shares changing hands. The stock had previously closed at $74.65.

GNRC has been the topic of a number of analyst reports. ValuEngine downgraded Generac from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Northcoast Research upgraded Generac from a “neutral” rating to a “buy” rating and set a $70.00 target price for the company in a research note on Friday, May 3rd. Bank of America reissued a “buy” rating and set a $83.00 price target (up previously from $75.00) on shares of Generac in a research report on Thursday, June 27th. Zacks Investment Research raised Generac from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research report on Tuesday, August 6th. Finally, Robert W. Baird raised Generac from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $64.00 to $86.00 in a research report on Monday, July 1st. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $73.83.

The company has a 50 day simple moving average of $71.96 and a 200-day simple moving average of $60.07. The stock has a market cap of $4.64 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 2.42 and a beta of 1.23. The company has a quick ratio of 1.00, a current ratio of 2.19 and a debt-to-equity ratio of 1.18.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.12. The business had revenue of $541.90 million for the quarter, compared to analysts’ expectations of $538.96 million. Generac had a return on equity of 38.99% and a net margin of 12.09%. The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.11 EPS. On average, equities research analysts expect that Generac Holdings Inc. will post 4.73 EPS for the current fiscal year.

In other news, EVP Erik Wilde sold 7,587 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $71.44, for a total value of $542,015.28. Following the completion of the sale, the executive vice president now owns 11,196 shares in the company, valued at $799,842.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Aaron Jagdfeld sold 20,000 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $55.86, for a total value of $1,117,200.00. Following the completion of the sale, the chief executive officer now owns 681,043 shares of the company’s stock, valued at approximately $38,043,061.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,915 shares of company stock valued at $2,422,558. Corporate insiders own 2.70% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cresset Asset Management LLC grew its position in shares of Generac by 28.6% in the second quarter. Cresset Asset Management LLC now owns 93,469 shares of the technology company’s stock valued at $6,488,000 after purchasing an additional 20,772 shares during the last quarter. D L Carlson Investment Group Inc. acquired a new stake in shares of Generac in the second quarter valued at about $4,734,000. Factorial Partners LLC acquired a new stake in shares of Generac in the second quarter valued at about $167,000. Stonebridge Capital Advisors LLC acquired a new stake in shares of Generac in the second quarter valued at about $69,000. Finally, Nuveen Asset Management LLC acquired a new stake in shares of Generac in the second quarter valued at about $51,217,000. Institutional investors own 94.05% of the company’s stock.

Generac Company Profile (NYSE:GNRC)

Generac Holdings Inc designs, manufactures, and sells power generation equipment and other power products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.

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