Generac Holdings Inc (NYSE: GNRC) is -12.94% lower on its value in year-to-date trading and has touched a low of $79.86 and a high of $156.95 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GNRC stock was last observed hovering at around $111.06 in the last trading session, with the day’s gains setting it 1.45%.
Currently trading at $112.51, the stock is -4.55% and -6.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.19 million and changing 1.31% at the moment leaves the stock -4.53% off its SMA200. GNRC registered -6.25% loss for a year compared to 6-month loss of -7.15%. The firm has a 50-day simple moving average (SMA 50) of $2.07 and a 200-day simple moving average (SMA200) of $14.99.
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The stock witnessed a -2.87% gain in the last 1 month and extending the period to 3 months gives it a -1.20%, and is 0.68% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.86% over the week and 3.99% over the month.
Generac Holdings Inc (GNRC) has around 8600 employees, a market worth around $6.97B and $4.02B in sales. Current P/E ratio is 34.15 and Fwd P/E is 13.85. Profit margin for the company is 5.05%. Distance from 52-week low is 40.88% and -28.31% from its 52-week high. The company has generated returns on investments over the last 12 months (5.30%).
Generac Holdings Inc quarterly earnings per share for the current quarter are estimated at $0.75 with sales reaching $885.27M over the same period.The EPS is expected to grow by 18.37% this year, but quarterly earnings will post 4.40% year-over-year. Quarterly sales are estimated to shrink -0.30% in year-over-year returns.
931 institutions hold shares in Generac Holdings Inc (GNRC), with institutional investors hold 87.25% of the company’s shares. The shares outstanding are 61.91M, and float is at 60.88M with Short Float at 5.29%. Institutions hold 85.79% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 6.92 million shares valued at $1.03 billion. The investor’s holdings represent 11.13% of the GNRC Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 4.14 million shares valued at $616.79 million to account for 6.64% of the shares outstanding. The other top investors are FMR, LLC which holds 2.75 million shares representing 4.42% and valued at over $410.58 million, while State Street Corporation holds 3.93% of the shares totaling 2.45 million with a market value of $365.01 million.
Generac Holdings Inc (GNRC) Insider Activity
A total of 14 insider transactions have happened at Generac Holdings Inc (GNRC) in the last six months, with sales accounting for 6 and purchases happening 8 times. The most recent transaction is an insider sale by Jagdfeld Aaron, the company’s Chief Executive Officer. SEC filings show that Jagdfeld Aaron sold 5,000 shares of the company’s common stock on Feb 01 at a price of $115.22 per share for a total of $0.58 million. Following the sale, the insider now owns 0.58 million shares.
Generac Holdings Inc disclosed in a document filed with the SEC on Jan 02 that Jagdfeld Aaron (Chief Executive Officer) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Jan 02 and was made at $127.28 per share for $0.64 million. Following the transaction, the insider now directly holds 0.58 million shares of the GNRC stock.
Still, SEC filings show that on Dec 01, Jagdfeld Aaron (Chief Executive Officer) disposed off 5,000 shares at an average price of $116.76 for $0.58 million. The insider now directly holds 587,690 shares of Generac Holdings Inc (GNRC).
Generac Holdings Inc (GNRC): Who are the competitors?
One of the company’s main competitors (and peers) include Honeywell International Inc. (HON) that is trading 2.20% up over the past 12 months.Atlas Copco AB Series A (ATCO.A) lies in the list of competitors of the Generac Holdings Inc and is 47.51% higher over the same period from GNRCAtlas Copco AB Series B (ATCO.B) is 42.72% up on the 1-year trading charts.
