Generac Holdings Inc. (GNRC) Stock Is Rising Now

September 17, 2017 - By Vivian Park

Investors sentiment decreased to 1.16 in Q4 2016. Its down 0.04, from 1.2 in 2016Q3. It fall, 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.
Ngam Lp owns 0.01% invested in Generac Holdings Inc. (NYSE:GNRC) for 10,211 shares. Kestrel Invest Mngmt accumulated 3.38% or 222,575 shares. Nuveen Asset Llc reported 0.02% stake. Royal Retail Bank Of Canada has invested 0.01% in Generac Holdings Inc. (NYSE:GNRC). Mutual Of America Capital Mgmt Limited Com invested in 64,466 shares or 0.05% of the stock. Moreover, Blackrock Advsr Ltd Liability Com has 0.01% invested in Generac Holdings Inc. (NYSE:GNRC). 66,344 are owned by Citigroup Inc. Blackrock Group Ltd invested 0% of its portfolio in Generac Holdings Inc. (NYSE:GNRC). Gagnon Secs Limited Liability Company holds 0.64% or 36,430 shares. Moreover, Amalgamated Commercial Bank has 0.01% invested in Generac Holdings Inc. (NYSE:GNRC). Glenmede Tru Co Na has 0% invested in Generac Holdings Inc. (NYSE:GNRC). Us Commercial Bank De has invested 0% in Generac Holdings Inc. (NYSE:GNRC). Wells Fargo & Mn, California-based fund reported 150,786 shares. Blair William And Il accumulated 18,285 shares or 0.01% of the stock. Ubs Asset Management Americas owns 444,336 shares.

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.

Analysts await Generac Holdings Inc. (NYSE:GNRC) to report earnings on October, 25. They expect $0.86 earnings per share, up 4.88 % or $0.04 from last year’s $0.82 per share. GNRC’s profit will be $53.37 million for 13.16 P/E if the $0.86 EPS becomes a reality. After $0.69 actual earnings per share reported by Generac Holdings Inc. for the previous quarter, Wall Street now forecasts 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. The company was initiated on Tuesday, November 3 by Suntrust Robinson. Oppenheimer maintained the shares of GNRC in report on Thursday, August 3 with “Hold” rating. As per Thursday, October 29, the company rating was upgraded by Bank of America. The stock of Generac Holdings Inc. (NYSE:GNRC) earned “Hold” rating by Stifel Nicolaus on Thursday, August 3. Canaccord Genuity maintained Generac Holdings Inc. (NYSE:GNRC) on Monday, April 24 with “Hold” rating. The company was upgraded on Thursday, September 7 by Bank of America. Canaccord Genuity maintained the shares of GNRC in report on Friday, September 8 with “Hold” rating. Canaccord Genuity maintained it with “Hold” rating and $40 target in Wednesday, February 15 report. Canaccord Genuity maintained Generac Holdings Inc. (NYSE:GNRC) rating on Monday, September 11. Canaccord Genuity has “Hold” rating and $42 target. The firm has “Buy” rating given on Friday, September 15 by Bank of America.

More notable recent Generac Holdings Inc. (NYSE:GNRC) news were published by: Nasdaq.com which released: “Generac Holdings Breaks Above 200-Day Moving Average – Bullish for GNRC” on August 25, 2017, also Globenewswire.com with their article: “Generac Announces Webcast of Upcoming 2017 Investor Day” published on August 29, 2017, Seekingalpha.com published: “Generac Holdings (GNRC) Q1 2017 Results – Earnings Call Transcript” on April 27, 2017. More interesting news about Generac Holdings Inc. (NYSE:GNRC) were released by: Seekingalpha.com and their article: “Generac Holdings (GNRC) Q2 2017 Results – Earnings Call Transcript” published on August 02, 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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