StockNews.com Upgrades Generac (NYSE:GNRC) to “Buy”

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 Monday.

A number of other equities research analysts have also weighed in on the stock. Truist Financial boosted their price objective on shares of Generac from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Wells Fargo & Company upped their price target on shares of Generac from $139.00 to $156.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Stephens reiterated an “overweight” rating and issued a $200.00 price objective on shares of Generac in a report on Monday, August 5th. JPMorgan Chase & Co. increased their target price on Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Finally, Northland Securities lifted their price target on Generac from $160.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $165.40.

Generac Trading Down 0.0 %

Shares of GNRC stock opened at $165.60 on Monday. The business has a 50-day moving average price of $156.10 and a two-hundred day moving average price of $147.41. Generac has a 12-month low of $79.86 and a 12-month high of $176.14. The company has a quick ratio of 0.99, a current ratio of 2.25 and a debt-to-equity ratio of 0.61. The firm has a market cap of $10.04 billion, a P/E ratio of 45.62, a price-to-earnings-growth ratio of 2.15 and a beta of 1.38.

Generac (NYSE:GNRC) last released its earnings results 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. Generac had a return on equity of 15.35% and a net margin of 6.03%. The company had revenue of $998.20 million during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the company posted $1.08 EPS. Generac’s quarterly revenue was down .2% compared to the same quarter last year. Equities analysts anticipate that Generac will post 6.49 EPS for the current fiscal year.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total transaction of $794,650.00. Following the sale, the chief executive officer now directly 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 document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. William Blair Investment Management LLC bought a new position in shares of Generac during the second quarter valued at approximately $98,282,000. International Assets Investment Management LLC raised its stake in Generac by 25,311.7% during the third quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company’s stock valued at $42,433,000 after buying an additional 266,026 shares during the last quarter. DAVENPORT & Co LLC raised its stake in Generac by 831.1% during the first quarter. DAVENPORT & Co LLC now owns 240,111 shares of the technology company’s stock valued at $30,288,000 after buying an additional 214,322 shares during the last quarter. Stephens Investment Management Group LLC boosted its holdings in Generac by 678.5% in the third quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company’s stock worth $30,560,000 after acquiring an additional 167,641 shares in the last quarter. Finally, Blair William & Co. IL grew its stake in shares of Generac by 29.2% in the second quarter. Blair William & Co. IL now owns 457,475 shares of the technology company’s stock worth $60,487,000 after acquiring an additional 103,439 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Generac Company Profile

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.