Generac (NYSE:GNRC) Stock Rating Lowered by StockNews.com

by · The Cerbat Gem

Generac (NYSE:GNRC – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Thursday.

Several other research firms have also recently issued reports on GNRC. Canaccord Genuity Group increased their price objective on shares of Generac from $177.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Piper Sandler reissued an “overweight” rating and set a $175.00 target price on shares of Generac in a research note on Tuesday, September 24th. TD Cowen increased their target price on shares of Generac from $144.00 to $172.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Northland Securities increased their target price on shares of Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Finally, Stifel Nicolaus reissued a “buy” rating and set a $175.00 target price (up from $145.00) on shares of Generac in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $154.71.

View Our Latest Research Report on Generac

Generac Trading Up 1.4 %

Generac stock opened at $160.18 on Thursday. The firm has a 50 day simple moving average of $148.88 and a 200-day simple moving average of $142.39. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.25 and a quick ratio of 0.99. 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. Generac has a 12-month low of $79.86 and a 12-month high of $169.57.

Generac (NYSE:GNRC – Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.15. The business had revenue of $998.20 million during the quarter, compared to analysts’ expectations of $1 billion. Generac had a net margin of 6.03% and a return on equity of 15.35%. The business’s revenue was down .2% on a year-over-year basis. During the same period last year, the firm posted $1.08 earnings per share. As a group, equities research analysts expect that Generac will post 6.5 EPS for the current fiscal year.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total value of $794,650.00. Following the completion of the sale, the chief executive officer now owns 562,177 shares in the company, valued at $89,346,790.61. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of GNRC. Capital World Investors acquired a new position in shares of Generac during the 4th quarter worth $155,707,000. William Blair Investment Management LLC acquired a new position in shares of Generac during the 2nd quarter worth $98,282,000. Wellington Management Group LLP increased its stake in shares of Generac by 432.9% during the 4th quarter. Wellington Management Group LLP now owns 392,270 shares of the technology company’s stock worth $50,697,000 after purchasing an additional 318,664 shares during the last quarter. DAVENPORT & Co LLC increased its stake in shares of Generac by 831.1% during the 1st quarter. DAVENPORT & Co LLC now owns 240,111 shares of the technology company’s stock worth $30,288,000 after purchasing an additional 214,322 shares during the last quarter. Finally, Blair William & Co. IL increased its stake in shares of Generac by 29.2% during the 2nd quarter. Blair William & Co. IL now owns 457,475 shares of the technology company’s stock worth $60,487,000 after purchasing an additional 103,439 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Company Profile

(Get Free Report)

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.

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