Generac (NYSE:GNRC) Downgraded by StockNews.com

StockNews.com cut shares of Generac (NYSE:GNRC) from a buy rating to a hold rating in a research report released on Thursday morning.

Other equities analysts have also recently issued reports about the company. Scotiabank increased their target price on Generac from $147.00 to $160.00 and gave the company a sector perform rating in a research note on Monday, July 29th. Roth Mkm increased their price objective on shares of Generac from $135.00 to $160.00 and gave the company a neutral rating in a research note on Monday, July 29th. Wells Fargo & Company raised their price objective on shares of Generac from $139.00 to $156.00 and gave the stock an equal weight rating in a report on Thursday, August 1st. Stifel Nicolaus restated a buy rating and issued a $175.00 target price (up previously from $145.00) on shares of Generac in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group increased their price target on shares of Generac from $129.00 to $148.00 and gave the stock a buy rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of Hold and an average price target of $154.71.

Generac Price Performance

Shares of GNRC stock opened at $160.18 on Thursday. The firm has a fifty day simple moving average of $148.88 and a 200-day simple moving average of $142.59. The company 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 twelve month low of $79.86 and a twelve month high of $169.57. The company has a current ratio of 2.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.61.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates 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 in the prior year, the company posted $1.08 EPS. The firm’s revenue for the quarter was down .2% on a year-over-year basis. Equities research analysts anticipate that Generac will post 6.5 earnings per share for the current fiscal year.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 562,177 shares in the company, valued at approximately $89,346,790.61. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. raised its stake in shares of Generac by 97.1% during the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. EntryPoint Capital LLC lifted its stake in shares of 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 acquiring an additional 90 shares during the period. Capital Advisors Ltd. LLC boosted its holdings in shares of Generac by 611.1% in the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock valued at $34,000 after acquiring an additional 220 shares in the last quarter. Fairfield Financial Advisors LTD acquired a new position in shares of Generac during the second quarter valued at approximately $38,000. Finally, Quarry LP raised its holdings in Generac by 219.6% during the fourth quarter. Quarry LP now owns 294 shares of the technology company’s stock worth $38,000 after purchasing an additional 202 shares in the last quarter. Institutional investors and hedge funds 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.