Janney Montgomery Scott Downgrades Generac (NYSE:GNRC) to Neutral

Generac (NYSE:GNRCGet Free Report) was downgraded by analysts at Janney Montgomery Scott from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. They currently have a $154.00 price target on the technology company’s stock, up from their previous price target of $126.00. Janney Montgomery Scott’s price target points to a potential upside of 14.08% from the stock’s previous close.

GNRC has been the subject of a number of other reports. Canaccord Genuity Group increased their price target on Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Robert W. Baird increased their price target on Generac from $112.00 to $129.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. OTR Global upgraded Generac from a “mixed” rating to a “positive” rating in a research note on Tuesday, April 2nd. Canaccord Genuity Group increased their price target on Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, Guggenheim cut Generac from a “neutral” rating to a “sell” rating and set a $120.00 price target for the company. in a research note on Thursday, May 30th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $141.67.

Read Our Latest Research Report on Generac

Generac Trading Down 0.9 %

Shares of NYSE GNRC opened at $134.99 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.29 and a quick ratio of 0.97. The stock has a market capitalization of $8.18 billion, a P/E ratio of 37.19, a price-to-earnings-growth ratio of 1.95 and a beta of 1.44. Generac has a 1-year low of $79.86 and a 1-year high of $156.95. The business has a fifty day moving average price of $139.57 and a 200 day moving average price of $126.95.

Generac (NYSE:GNRCGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.16. Generac had a return on equity of 14.68% and a net margin of 5.68%. The firm had revenue of $889.27 million during the quarter, compared to analysts’ expectations of $886.60 million. During the same period in the prior year, the business posted $0.63 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. Equities research analysts expect that Generac will post 6.08 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Patrick John Forsythe sold 65,855 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $145.80, for a total transaction of $9,601,659.00. Following the sale, the insider now directly owns 19,815 shares of the company’s stock, valued at $2,889,027. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $126.94, for a total value of $634,700.00. Following the sale, the chief executive officer now directly owns 592,177 shares of the company’s stock, valued at $75,170,948.38. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Patrick John Forsythe sold 65,855 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $145.80, for a total value of $9,601,659.00. Following the completion of the sale, the insider now directly owns 19,815 shares in the company, valued at $2,889,027. The disclosure for this sale can be found here. Insiders have sold a total of 80,785 shares of company stock valued at $11,688,161 over the last ninety days. Company insiders own 2.80% of the company’s stock.

Institutional Trading of Generac

Institutional investors have recently bought and sold shares of the business. Stevens Capital Management LP acquired a new stake in Generac in the fourth quarter valued at approximately $916,000. Duality Advisers LP purchased a new position in shares of Generac in the fourth quarter valued at approximately $964,000. Versor Investments LP purchased a new position in shares of Generac in the fourth quarter valued at approximately $452,000. Ninety One UK Ltd lifted its position in shares of Generac by 13.4% in the fourth quarter. Ninety One UK Ltd now owns 476,897 shares of the technology company’s stock valued at $61,634,000 after acquiring an additional 56,169 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its position in shares of Generac by 91.7% in the fourth quarter. Teacher Retirement System of Texas now owns 9,183 shares of the technology company’s stock valued at $1,187,000 after acquiring an additional 4,393 shares in the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Generac (NYSE:GNRC)

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