Generac (NYSE:GNRC) Hits New 1-Year High at $157.50

Generac Holdings Inc. (NYSE:GNRC) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $157.50 and last traded at $157.02, with a volume of 532601 shares traded. The stock had previously closed at $153.94.

Wall Street Analyst Weigh In

GNRC has been the topic of a number of recent analyst reports. Roth Mkm lifted their price target on Generac from $120.00 to $135.00 and gave the company a “neutral” rating in a report on Tuesday, April 23rd. OTR Global raised Generac from a “mixed” rating to a “positive” rating in a report on Tuesday, April 2nd. JPMorgan Chase & Co. lifted their price target on Generac from $149.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday. Truist Financial lifted their price target on Generac from $160.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Finally, Guggenheim cut Generac from a “neutral” rating to a “sell” rating and set a $120.00 price target on the stock. in a report on Thursday, May 30th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Generac currently has a consensus rating of “Hold” and a consensus target price of $142.65.

Generac Price Performance

The company has a quick ratio of 0.97, a current ratio of 2.29 and a debt-to-equity ratio of 0.61. The firm has a market cap of $9.58 billion, a price-to-earnings ratio of 43.56, a price-to-earnings-growth ratio of 2.10 and a beta of 1.37. The stock’s 50-day moving average price is $142.75 and its 200 day moving average price is $129.61.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.16. Generac had a net margin of 5.68% and a return on equity of 14.68%. The firm had revenue of $889.27 million during the quarter, compared to analyst estimates of $886.60 million. During the same quarter in the prior year, the business posted $0.63 earnings per share. The company’s quarterly revenue was up .2% compared to the same quarter last year. Equities research analysts predict that Generac Holdings Inc. will post 6.14 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Nam Tran Nguyen sold 546 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $140.55, for a total transaction of $76,740.30. Following the sale, the director now directly owns 3,512 shares of the company’s stock, valued at $493,611.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $139.95, for a total transaction of $699,750.00. Following the sale, the chief executive officer now directly owns 587,177 shares of the company’s stock, valued at $82,175,421.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Nam Tran Nguyen sold 546 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $140.55, for a total transaction of $76,740.30. Following the sale, the director now directly owns 3,512 shares in the company, valued at $493,611.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 80,785 shares of company stock valued at $11,720,411. 2.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Generac

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cornerstone Wealth Management LLC acquired a new stake in Generac in the fourth quarter worth $223,000. BKM Wealth Management LLC acquired a new stake in Generac in the fourth quarter worth $28,000. Asio Capital LLC raised its holdings in Generac by 10.4% in the fourth quarter. Asio Capital LLC now owns 19,041 shares of the technology company’s stock worth $2,461,000 after purchasing an additional 1,788 shares during the period. SG Americas Securities LLC raised its holdings in Generac by 45.1% in the fourth quarter. SG Americas Securities LLC now owns 14,582 shares of the technology company’s stock worth $1,885,000 after purchasing an additional 4,534 shares during the period. Finally, Atwood & Palmer Inc. raised its holdings in shares of Generac by 0.5% during the fourth quarter. Atwood & Palmer Inc. now owns 143,067 shares of the technology company’s stock worth $18,490,000 after acquiring an additional 735 shares during the period. 84.04% of the stock is owned by institutional investors.

About Generac

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.