Generac (NYSE:GNRC) Lowered to “Hold” at StockNews.com

StockNews.com cut shares of Generac (NYSE:GNRC) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

Other equities analysts also recently issued research reports about the company. Janney Montgomery Scott downgraded Generac from a buy rating to a neutral rating and upped their price objective for the company from $126.00 to $154.00 in a research note on Thursday, June 13th. Canaccord Genuity Group upped their price objective on Generac from $140.00 to $150.00 and gave the company a buy rating in a research note on Friday, April 5th. OTR Global upgraded Generac from a mixed rating to a positive rating in a research note on Tuesday, April 2nd. Guggenheim downgraded Generac from a neutral rating to a sell rating and set a $120.00 price objective on the stock. in a research note on Thursday, May 30th. Finally, Oppenheimer downgraded Generac from an outperform rating to a market perform rating in a research note on Wednesday, May 22nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $141.67.

Generac Stock Performance

GNRC stock opened at $138.03 on Wednesday. The firm has a market cap of $8.37 billion, a PE ratio of 38.02, a P/E/G ratio of 1.79 and a beta of 1.37. The company has a quick ratio of 0.97, a current ratio of 2.29 and a debt-to-equity ratio of 0.61. The business has a 50 day moving average of $140.18 and a 200-day moving average of $128.32. Generac has a 12-month low of $79.86 and a 12-month high of $156.95.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, May 1st. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.16. The company had revenue of $889.27 million during the quarter, compared to analyst estimates of $886.60 million. Generac had a return on equity of 14.68% and a net margin of 5.68%. Generac’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $0.63 earnings per share. As a group, sell-side analysts expect that Generac will post 6.15 earnings per share for the current year.

Insider Activity at Generac

In related news, EVP Erik Wilde sold 4,384 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $154.04, for a total value of $675,311.36. Following the transaction, the executive vice president now owns 17,897 shares of the company’s stock, valued at $2,756,853.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other 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 transaction, the insider now directly owns 19,815 shares of the company’s stock, valued at $2,889,027. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Erik Wilde sold 4,384 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $154.04, for a total value of $675,311.36. Following the transaction, the executive vice president now directly owns 17,897 shares in the company, valued at $2,756,853.88. The disclosure for this sale can be found here. Insiders have sold a total of 80,785 shares of company stock valued at $11,720,411 over the last 90 days. 2.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. ICA Group Wealth Management LLC bought a new position in shares of Generac during the fourth quarter valued at about $27,000. EntryPoint Capital LLC boosted its holdings in shares of Generac by 73.2% during the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after purchasing an additional 90 shares during the period. BKM Wealth Management LLC purchased a new stake in shares of Generac during the fourth quarter worth about $28,000. ORG Partners LLC purchased a new stake in shares of Generac during the fourth quarter worth about $38,000. Finally, Quarry LP boosted its holdings in shares of 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 during the period. 84.04% of the stock is owned by institutional investors.

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.