Generac (NYSE:GNRC) Rating Lowered to “Hold” at Wall Street Zen

by · The Markets Daily

Generac (NYSE:GNRC – Get Free Report) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Other equities analysts have also issued reports about the company. Stephens reiterated an “overweight” rating and issued a $175.00 price objective on shares of Generac in a research report on Tuesday, May 27th. Stifel Nicolaus boosted their price objective on Generac from $195.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Citigroup reaffirmed a “neutral” rating and set a $219.00 price target (up previously from $138.00) on shares of Generac in a research report on Tuesday, August 26th. Janney Montgomery Scott raised Generac from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. raised Generac from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $56.00 to $68.00 in a research report on Monday, August 11th. Thirteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $174.56.

View Our Latest Report on GNRC

Generac Price Performance

Shares of GNRC opened at $179.44 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.88 and a current ratio of 2.00. The stock has a 50 day simple moving average of $171.20 and a 200 day simple moving average of $140.96. Generac has a 52-week low of $99.50 and a 52-week high of $203.25. The firm has a market capitalization of $10.53 billion, a PE ratio of 29.81, a P/E/G ratio of 1.48 and a beta of 1.63.

Generac (NYSE:GNRC – Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.32. Generac had a return on equity of 19.14% and a net margin of 7.91%.The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the firm earned $1.35 EPS. Generac’s quarterly revenue was up 6.3% compared to the same quarter last year. Generac has set its FY 2025 guidance at EPS. Sell-side analysts predict that Generac will post 8 EPS for the current fiscal year.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $142.40, for a total transaction of $712,000.00. Following the sale, the chief executive officer owned 562,966 shares in the company, valued at $80,166,358.40. This represents a 0.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 2.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Generac

Institutional investors and hedge funds have recently made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB raised its stake in shares of Generac by 81.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock worth $25,000 after purchasing an additional 77 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in shares of Generac during the 2nd quarter worth approximately $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Generac in the 1st quarter valued at $28,000. Creative Capital Management Investments LLC raised its stake in Generac by 740.7% in the 2nd quarter. Creative Capital Management Investments LLC now owns 227 shares of the technology company’s stock valued at $33,000 after acquiring an additional 200 shares during the period. Finally, Legend Financial Advisors Inc. bought a new stake in Generac in the 2nd quarter valued at $36,000. Institutional investors 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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