Generac (NYSE:GNRC) Lowered to Hold at StockNews.com

StockNews.com lowered shares of Generac (NYSE:GNRC) from a buy rating to a hold rating in a research note issued to investors on Thursday.

GNRC has been the topic of a number of other reports. Piper Sandler reaffirmed an overweight rating and issued a $175.00 target price on shares of Generac in a report on Tuesday, September 24th. Canaccord Genuity Group raised their price objective on Generac from $177.00 to $200.00 and gave the company a buy rating in a research report on Thursday, August 1st. Wells Fargo & Company boosted their target price on Generac from $139.00 to $156.00 and gave the stock an equal weight rating in a report on Thursday, August 1st. Stifel Nicolaus reaffirmed a buy rating and set a $175.00 price target (up previously from $145.00) on shares of Generac in a report on Thursday, August 1st. Finally, Robert W. Baird lifted their price objective on shares of Generac from $142.00 to $163.00 and gave the stock a neutral rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Generac currently has a consensus rating of Hold and an average target price of $154.71.

Generac Trading Up 1.4 %

Shares of NYSE:GNRC opened at $160.18 on Thursday. The stock has a market capitalization of $9.71 billion, a PE ratio of 44.13, a price-to-earnings-growth ratio of 1.88 and a beta of 1.38. The company’s 50-day moving average price is $148.88 and its two-hundred day moving average price is $142.76. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.25 and a quick ratio of 0.99. Generac has a one year low of $79.86 and a one year high of $169.57.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, July 31st. The technology company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.15. Generac had a return on equity of 15.35% and a net margin of 6.03%. The firm had revenue of $998.20 million during the quarter, compared to the consensus estimate of $1 billion. During the same period last year, the company earned $1.08 earnings per share. The business’s revenue was down .2% compared to the same quarter last year. On average, equities analysts forecast that Generac will post 6.5 EPS for the current fiscal year.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total value of $794,650.00. Following the transaction, the chief executive officer now owns 562,177 shares in the company, valued at $89,346,790.61. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Generac

A number of hedge funds have recently made changes to their positions in the stock. EntryPoint Capital LLC grew its holdings in shares of 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 purchasing an additional 90 shares during the last quarter. Sunbelt Securities Inc. increased its position in Generac by 97.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock valued at $27,000 after acquiring an additional 100 shares during the period. Capital Advisors Ltd. LLC raised its stake in shares of Generac by 611.1% during the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock valued at $34,000 after acquiring an additional 220 shares during the last quarter. Quarry LP raised its stake in shares of Generac by 219.6% during the fourth quarter. Quarry LP now owns 294 shares of the technology company’s stock valued at $38,000 after acquiring an additional 202 shares during the last quarter. Finally, Fairfield Financial Advisors LTD bought a new stake in shares of Generac in the second quarter worth $38,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

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.