Generac (NYSE:GNRC) Rating 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 report sent to investors on Thursday.

Other equities analysts have also recently issued reports about the stock. Janney Montgomery Scott downgraded shares of Generac from a buy rating to a neutral rating and boosted their target price for the company from $126.00 to $154.00 in a research note on Thursday, June 13th. The Goldman Sachs Group lifted their price target on Generac from $129.00 to $148.00 and gave the company a buy rating in a report on Thursday, August 1st. Stifel Nicolaus reissued a buy rating and issued a $175.00 price objective (up from $145.00) on shares of Generac in a research note on Thursday, August 1st. JPMorgan Chase & Co. lifted their target price on Generac from $149.00 to $155.00 and gave the company a neutral rating in a research note on Tuesday, July 16th. Finally, Canaccord Genuity Group increased their price target on shares of Generac from $177.00 to $200.00 and gave the stock a buy rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $154.71.

Generac Trading Up 1.4 %

NYSE:GNRC opened at $160.18 on Thursday. The stock has a fifty day simple moving average of $148.88 and a 200 day simple moving average of $142.59. The firm has a market capitalization of $9.71 billion, a price-to-earnings ratio of 44.13, a price-to-earnings-growth ratio of 1.88 and a beta of 1.38. Generac has a 1-year low of $79.86 and a 1-year high of $169.57. The company has a quick ratio of 0.99, a current ratio of 2.25 and a debt-to-equity ratio of 0.61.

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

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 directly owns 562,177 shares of the company’s stock, valued at approximately $89,346,790.61. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GNRC. Duncker Streett & Co. Inc. boosted its holdings in 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 acquiring an additional 68 shares during the period. Empirical Finance LLC boosted its stake in Generac by 4.5% during the 1st 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. grew its holdings in Generac by 0.3% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 22,549 shares of the technology company’s stock valued at $2,981,000 after buying an additional 75 shares during the last quarter. EntryPoint Capital LLC increased its position in Generac by 73.2% in the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after buying an additional 90 shares during the period. Finally, American International Group Inc. lifted its holdings in shares of Generac by 0.6% during the fourth quarter. American International Group Inc. now owns 16,550 shares of the technology company’s stock worth $2,139,000 after buying an additional 93 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

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.