Generac (NYSE:GNRC) Stock Bumped Down to “Hold” by Zacks Research

by · The Markets Daily

Zacks Research lowered shares of Generac (NYSE:GNRC – Free Report) from a strong-buy rating to a hold rating in a research report sent to investors on Monday,Zacks reports.

Several other equities research analysts also recently commented on GNRC. Needham & Company LLC reiterated a “buy” rating and set a $283.00 price objective on shares of Generac in a research note on Thursday, September 17th. UBS Group reissued a “buy” rating on shares of Generac in a research report on Friday. Jefferies Financial Group restated a “buy” rating on shares of Generac in a research note on Thursday, September 17th. DA Davidson set a $333.00 price target on Generac in a research note on Thursday, July 30th. Finally, Raymond James Financial set a $286.00 price objective on Generac in a report on Thursday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $295.65.

Read Our Latest Research Report on GNRC

Generac Trading Up 3.4%

Generac stock opened at $212.13 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 2.04. The stock has a market cap of $12.52 billion, a PE ratio of 48.88, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. The stock has a 50-day moving average of $200.49 and a two-hundred day moving average of $225.99. Generac has a one year low of $134.80 and a one year high of $296.44.

Generac (NYSE:GNRC – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.90. Generac had a return on equity of 17.83% and a net margin of 5.82%.The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the firm earned $1.65 earnings per share. The company’s revenue was up 10.3% on a year-over-year basis. On average, research analysts anticipate that Generac will post 9.74 EPS for the current fiscal year.

Insider Activity at Generac

In related news, insider Norman Taffe sold 550 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $218.83, for a total transaction of $120,356.50. Following the completion of the transaction, the insider directly owned 15,508 shares in the company, valued at $3,393,615.64. The trade was a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $194.89, for a total value of $974,450.00. Following the sale, the chief executive officer directly owned 554,528 shares in the company, valued at $108,071,961.92. This represents a 0.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,839 shares of company stock worth $2,519,973 over the last three months. Company insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Generac

Large investors have recently made changes to their positions in the company. N.E.W. Advisory Services LLC purchased a new position in shares of Generac in the 2nd quarter valued at about $25,000. Avalon Trust Co acquired a new stake in Generac during the 1st quarter worth $32,000. Essential Partners LLC boosted its position in Generac by 57.0% during the first quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock worth $33,000 after acquiring an additional 61 shares during the last quarter. GHP Investment Advisors Inc. acquired a new stake in Generac in the 1st quarter valued at about $36,000. Finally, Root Financial Partners LLC boosted its holdings in shares of Generac by 32.9% during the 1st quarter. Root Financial Partners LLC now owns 218 shares of the technology company’s stock worth $43,000 after purchasing an additional 54 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Company Profile

(Get Free Report)

Generac Holdings Inc is an energy technology company that designs and manufactures power generation equipment, energy storage systems and other products intended to provide backup and distributed energy solutions. Its offerings serve residential, commercial, industrial and other users seeking standby power, portable power or greater control over energy use.

The company’s product portfolio includes home standby generators, portable generators, commercial and industrial generators, mobile power equipment, engines and related transfer switches and controls.

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