Generac (NYSE:GNRC) Upgraded at StockNews.com

Generac (NYSE:GNRC) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

GNRC has been the subject of several other research reports. Roth Mkm upped their price target on shares of Generac from $135.00 to $160.00 and gave the stock a “neutral” rating in a research report on Monday. TD Cowen upped their price target on shares of Generac from $144.00 to $172.00 and gave the stock a “buy” rating in a research report on Thursday. Robert W. Baird upped their price target on shares of Generac from $142.00 to $163.00 and gave the stock a “neutral” rating in a research report on Thursday. Janney Montgomery Scott downgraded shares of Generac from a “buy” rating to a “neutral” rating and upped their price target for the stock from $126.00 to $154.00 in a research report on Thursday, June 13th. Finally, Truist Financial upped their price target on shares of Generac from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $153.52.

Generac Price Performance

Shares of GNRC stock traded down $10.18 during mid-day trading on Thursday, hitting $145.50. 1,518,619 shares of the stock were exchanged, compared to its average volume of 1,004,174. The firm has a fifty day moving average of $145.00 and a 200 day moving average of $131.97. The company has a quick ratio of 0.97, a current ratio of 2.29 and a debt-to-equity ratio of 0.61. Generac has a 52-week low of $79.86 and a 52-week high of $169.57. The company has a market cap of $8.82 billion, a PE ratio of 40.08, a price-to-earnings-growth ratio of 2.10 and a beta of 1.37.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, July 31st. The technology company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.15. Generac had a net margin of 5.68% and a return on equity of 14.68%. The business had revenue of $998.20 million for the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the company posted $1.08 EPS. The company’s revenue for the quarter was down .2% on a year-over-year basis. Research analysts anticipate that Generac will post 6.16 earnings per share for the current year.

Insider Buying and Selling at Generac

In other Generac news, Director Nam Tran Nguyen sold 546 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $140.55, for a total value of $76,740.30. Following the completion of the transaction, the director now owns 3,512 shares of the company’s stock, valued at approximately $493,611.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Nam Tran Nguyen sold 546 shares of Generac stock in a transaction 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 approximately $493,611.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Monday, July 1st. The stock was sold at an average price of $133.39, for a total transaction of $666,950.00. Following the sale, the chief executive officer now owns 577,177 shares in the company, valued at $76,989,640.03. The disclosure for this sale can be found here. Insiders sold 75,785 shares of company stock valued at $11,020,661 in the last 90 days. Company insiders own 2.80% of the company’s stock.

Institutional Trading of Generac

Hedge funds and other institutional investors have recently made changes to their positions in the company. ICA Group Wealth Management LLC purchased a new stake in shares of Generac in the fourth quarter valued at about $27,000. EntryPoint Capital LLC boosted its holdings in Generac by 73.2% during the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after buying an additional 90 shares in the last quarter. Capital Advisors Ltd. LLC boosted its holdings in Generac by 611.1% during the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock worth $34,000 after buying an additional 220 shares in the last quarter. ORG Partners LLC purchased a new stake in Generac during the fourth quarter worth about $38,000. Finally, Quarry LP boosted its holdings in Generac by 219.6% during the fourth quarter. Quarry LP now owns 294 shares of the technology company’s stock worth $38,000 after buying an additional 202 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

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.