Generac Holdings Inc (NYSE:GNRC) Institutional Investors Sentiment Up in 2018 Q2

October 2, 2018 - By Clifton Ray

Generac Holdings Inc. (NYSE:GNRC) Logo

Sentiment for Generac Holdings Inc (NYSE:GNRC)

Generac Holdings Inc (NYSE:GNRC) institutional sentiment increased to 1.15 in 2018 Q2. Its up 0.38, from 0.77 in 2018Q1. The ratio is better, as 107 hedge funds increased and started new stock positions, while 93 cut down and sold stock positions in Generac Holdings Inc. The hedge funds in our partner’s database now possess: 60.98 million shares, up from 59.49 million shares in 2018Q1. Also, the number of hedge funds holding Generac Holdings Inc in their top 10 stock positions increased from 2 to 4 for an increase of 2. Sold All: 27 Reduced: 66 Increased: 76 New Position: 31.

Generac Holdings Inc. designs, manufactures, and sells power generation equipment and other engine powered products for the residential, light commercial, and industrial markets worldwide. The company has market cap of $3.44 billion. The firm offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel. It has a 17.36 P/E ratio. It also provides residential automatic standby generators ranging in output from 6kW to 60kW; air-cooled engine residential standby generators ranging from 6kW to 20kW; liquid-cooled engine generators with outputs ranging from 22kW to 60kW; cellular remote monitoring system for home standby generators; and industrial diesel generators ranging in sizes up to 3,250kW.

The stock decreased 1.81% or $1.0229 during the last trading session, reaching $55.4671. About 29,993 shares traded. Generac Holdings Inc. (NYSE:GNRC) has risen 33.90% since October 2, 2017 and is uptrending. It has outperformed by 18.28% the S&P500.

Analysts await Generac Holdings Inc. (NYSE:GNRC) to report earnings on November, 7. They expect $1.07 earnings per share, up 15.05 % or $0.14 from last year’s $0.93 per share. GNRC’s profit will be $66.34 million for 12.96 P/E if the $1.07 EPS becomes a reality. After $1.11 actual earnings per share reported by Generac Holdings Inc. for the previous quarter, Wall Street now forecasts -3.60 % negative EPS growth.

Edgepoint Investment Group Inc. holds 5.71% of its portfolio in Generac Holdings Inc. for 8.87 million shares. Bernzott Capital Advisors owns 589,996 shares or 3.79% of their US portfolio. Moreover, Kestrel Investment Management Corp has 3.41% invested in the company for 180,425 shares. The Massachusetts-based Copper Rock Capital Partners Llc has invested 1.81% in the stock. Atwood & Palmer Inc, a Missouri-based fund reported 193,865 shares.

Since January 1, 0001, it had 0 buys, and 7 selling transactions for $7.85 million activity.

Generac Holdings Inc. (NYSE:GNRC) Ratings Coverage

Ratings analysis reveals 20% of Generac Holdings’s analysts are positive. Out of 5 Wall Street analysts rating Generac Holdings, 1 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $5100 while the high is $62. The stock’s average target of $56 is 0.96% above today’s ($55.4671) share price. GNRC was included in 6 notes of analysts from April 4, 2018. Stifel Nicolaus maintained Generac Holdings Inc. (NYSE:GNRC) on Thursday, August 2 with “Hold” rating. The firm earned “Hold” rating on Tuesday, September 11 by Canaccord Genuity. The stock has “Buy” rating by Robert W. Baird on Wednesday, April 4. The stock of Generac Holdings Inc. (NYSE:GNRC) earned “Sell” rating by Goldman Sachs on Tuesday, July 17. The firm has “Hold” rating by Robert W. Baird given on Thursday, May 24. The firm has “Overweight” rating given on Thursday, September 13 by KeyBanc Capital Markets.

Generac Holdings Inc. (NYSE:GNRC) Institutional Positions Chart

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