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

StockNews.com downgraded shares of Generac (NYSE:GNRC) from a buy rating to a hold rating in a research report released on Tuesday.

Other research analysts also recently issued reports about the stock. Wells Fargo & Company lifted their target price on shares of Generac from $139.00 to $156.00 and gave the stock an equal weight rating in a research note on Thursday, August 1st. Stephens reaffirmed an overweight rating and issued a $200.00 target price on shares of Generac in a research note on Monday, August 5th. Truist Financial boosted their price objective on shares of Generac from $160.00 to $170.00 and gave the company a buy rating in a research report on Thursday, May 23rd. Northland Securities boosted their price objective on shares of Generac from $160.00 to $180.00 and gave the company an outperform rating in a research report on Thursday, August 1st. Finally, Robert W. Baird boosted their price objective on shares of Generac from $142.00 to $163.00 and gave the company a neutral rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of $154.71.

Generac Trading Down 1.0 %

Shares of Generac stock opened at $156.06 on Tuesday. Generac has a 1 year low of $79.86 and a 1 year high of $169.57. The firm has a market cap of $9.46 billion, a PE ratio of 42.99, a PEG ratio of 1.93 and a beta of 1.37. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.25 and a quick ratio of 0.97. The company has a 50 day simple moving average of $146.95 and a two-hundred day simple moving average of $136.09.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.15. The firm had revenue of $998.20 million during the quarter, compared to analyst estimates of $1 billion. Generac had a net margin of 6.03% and a return on equity of 15.35%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the business posted $1.08 EPS. Analysts expect that Generac will post 6.3 earnings per share for the current fiscal year.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $133.39, for a total value of $666,950.00. Following the completion of the transaction, the chief executive officer now directly owns 577,177 shares of the company’s stock, valued at $76,989,640.03. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.80% of the stock is currently owned by insiders.

Institutional Trading of Generac

A number of large investors have recently made changes to their positions in the stock. Duncker Streett & Co. Inc. boosted its stake in shares of Generac by 2.4% during the second quarter. Duncker Streett & Co. Inc. now owns 2,932 shares of the technology company’s stock valued at $388,000 after purchasing an additional 68 shares during the period. Empirical Finance LLC boosted its stake in shares of Generac by 4.5% during the first quarter. Empirical Finance LLC now owns 1,748 shares of the technology company’s stock valued at $220,000 after purchasing an additional 75 shares during the period. Johnson Investment Counsel Inc. boosted its stake in shares of Generac by 0.3% during the second quarter. Johnson Investment Counsel Inc. now owns 22,549 shares of the technology company’s stock valued at $2,981,000 after purchasing an additional 75 shares during the period. Peregrine Asset Advisers Inc. boosted its stake in shares of Generac by 1.6% during the fourth quarter. Peregrine Asset Advisers Inc. now owns 5,600 shares of the technology company’s stock valued at $724,000 after purchasing an additional 90 shares during the period. Finally, EntryPoint Capital LLC boosted its stake in shares of Generac by 73.2% during the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock valued at $27,000 after purchasing an additional 90 shares during the period. 84.04% of the stock is owned by hedge funds and other 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.