Generac (NYSE:GNRC) Rating Lowered to Market Perform at Oppenheimer

Generac (NYSE:GNRCGet Free Report) was downgraded by equities research analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a report issued on Wednesday, MarketBeat.com reports.

Several other brokerages also recently issued reports on GNRC. OTR Global raised Generac from a “mixed” rating to a “positive” rating in a research note on Tuesday, April 2nd. UBS Group dropped their target price on shares of Generac from $160.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. Robert W. Baird lifted their price target on shares of Generac from $112.00 to $129.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Citigroup boosted their price target on shares of Generac from $124.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. Finally, Canaccord Genuity Group raised their price objective on Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $142.15.

View Our Latest Research Report on GNRC

Generac Price Performance

NYSE GNRC opened at $144.14 on Wednesday. The stock has a market cap of $8.74 billion, a price-to-earnings ratio of 39.71, a PEG ratio of 2.11 and a beta of 1.41. Generac has a 12 month low of $79.86 and a 12 month high of $156.95. The company’s 50 day moving average is $132.26 and its two-hundred day moving average is $123.03. The company has a current ratio of 2.29, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61.

Generac (NYSE:GNRCGet Free Report) last released its earnings results on Wednesday, May 1st. The technology company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.16. Generac had a net margin of 5.68% and a return on equity of 14.68%. The company had revenue of $889.27 million for the quarter, compared to analysts’ expectations of $886.60 million. During the same quarter in the previous year, the company earned $0.63 EPS. Generac’s revenue for the quarter was up .2% on a year-over-year basis. As a group, research analysts anticipate that Generac will post 6.08 earnings per share for the current year.

Insider Transactions at Generac

In related news, Director Nam Tran Nguyen sold 546 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $140.55, for a total transaction of $76,740.30. Following the transaction, the director now directly owns 3,512 shares in the company, valued at approximately $493,611.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $139.95, for a total transaction of $699,750.00. Following the completion of the sale, the chief executive officer now directly owns 587,177 shares in the company, valued at $82,175,421.15. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Nam Tran Nguyen sold 546 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $140.55, for a total transaction of $76,740.30. Following the sale, the director now directly owns 3,512 shares of the company’s stock, valued at $493,611.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,546 shares of company stock worth $1,411,190. 2.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Generac

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stevens Capital Management LP purchased a new position in shares of Generac during the fourth quarter worth approximately $916,000. Duality Advisers LP bought a new position in Generac in the fourth quarter worth approximately $964,000. Versor Investments LP purchased a new position in Generac during the 4th quarter worth $452,000. Ninety One UK Ltd raised its position in Generac by 13.4% during the 4th quarter. Ninety One UK Ltd now owns 476,897 shares of the technology company’s stock valued at $61,634,000 after purchasing an additional 56,169 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Generac by 273.7% in the 4th quarter. State of Alaska Department of Revenue now owns 27,636 shares of the technology company’s stock worth $3,571,000 after buying an additional 20,240 shares during the period. Institutional investors own 84.04% of the company’s stock.

About Generac

(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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