Generac (NYSE:GNRC) Upgraded to “Neutral” at Guggenheim

Guggenheim upgraded shares of Generac (NYSE:GNRC) from a sell rating to a neutral rating in a research report released on Monday, MarketBeat Ratings reports.

Other equities research analysts have also issued reports about the stock. Piper Sandler decreased their target price on shares of Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. The Goldman Sachs Group decreased their target price on shares of Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Robert W. Baird decreased their target price on shares of Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Stifel Nicolaus decreased their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Finally, Truist Financial decreased their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $174.00.

Generac Stock Performance

NYSE:GNRC opened at $132.62 on Monday. The firm’s fifty day moving average price is $145.50 and its 200 day moving average price is $158.67. Generac has a 1-year low of $110.86 and a 1-year high of $195.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. The firm has a market cap of $7.91 billion, a price-to-earnings ratio of 24.56, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. On average, sell-side analysts expect that Generac will post 8 EPS for the current year.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the completion of the transaction, the chief executive officer now owns 565,825 shares of the company’s stock, valued at $82,129,498.75. This represents a 0.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Centaurus Financial Inc. increased its stake in shares of Generac by 71.1% during the 4th quarter. Centaurus Financial Inc. now owns 1,203 shares of the technology company’s stock valued at $187,000 after acquiring an additional 500 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Generac during the 4th quarter valued at about $3,886,000. Heck Capital Advisors LLC acquired a new position in shares of Generac during the 4th quarter valued at about $272,000. Integrated Advisors Network LLC increased its stake in shares of Generac by 18.9% during the 4th quarter. Integrated Advisors Network LLC now owns 2,734 shares of the technology company’s stock valued at $424,000 after acquiring an additional 434 shares during the last quarter. Finally, Ascent Group LLC grew its holdings in shares of Generac by 2.7% during the 4th quarter. Ascent Group LLC now owns 4,506 shares of the technology company’s stock worth $699,000 after purchasing an additional 120 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

About Generac

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.