Generac (NYSE:GNRC) Upgraded by StockNews.com to “Buy”

StockNews.com upgraded shares of Generac (NYSE:GNRC) from a hold rating to a buy rating in a research note published on Tuesday morning.

Several other brokerages have also recently weighed in on GNRC. Janney Montgomery Scott cut shares of Generac from a buy rating to a neutral rating and increased their price objective for the stock from $126.00 to $154.00 in a research note on Thursday, June 13th. OTR Global upgraded shares of Generac from a mixed rating to a positive rating in a research note on Tuesday, April 2nd. Guggenheim cut shares of Generac from a neutral rating to a sell rating and set a $120.00 target price on the stock. in a research note on Thursday, May 30th. Roth Mkm raised their target price on shares of Generac from $120.00 to $135.00 and gave the stock a neutral rating in a research note on Tuesday, April 23rd. Finally, Oppenheimer cut shares of Generac from an outperform rating to a market perform rating in a research note on Wednesday, May 22nd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Generac currently has a consensus rating of Hold and a consensus target price of $141.67.

Generac Price Performance

Shares of NYSE:GNRC opened at $132.25 on Tuesday. The firm’s 50 day moving average price is $140.16 and its 200-day moving average price is $128.09. Generac has a twelve month low of $79.86 and a twelve month high of $156.95. 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 stock has a market capitalization of $8.02 billion, a PE ratio of 36.43, a price-to-earnings-growth ratio of 1.82 and a beta of 1.44.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.16. Generac had a net margin of 5.68% and a return on equity of 14.68%. The firm had revenue of $889.27 million for the quarter, compared to analysts’ expectations of $886.60 million. During the same quarter in the prior year, the business earned $0.63 EPS. The business’s quarterly revenue was up .2% on a year-over-year basis. Equities research analysts expect that Generac will post 6.15 EPS for the current year.

Insider Activity at Generac

In related news, EVP Erik Wilde sold 4,384 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $154.04, for a total value of $675,311.36. Following the completion of the transaction, the executive vice president now directly 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 is available at the SEC website. In other news, insider Patrick John Forsythe sold 65,855 shares of Generac stock in a transaction on 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 completion of the sale, the insider now directly owns 19,815 shares in the company, valued at $2,889,027. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Erik Wilde sold 4,384 shares of Generac 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 sale, the executive vice president now owns 17,897 shares of the company’s stock, valued at $2,756,853.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 80,785 shares of company stock valued at $11,688,161. 2.80% of the stock is owned by corporate insiders.

Institutional Trading of Generac

Several institutional investors and hedge funds have recently made changes to their positions in GNRC. ICA Group Wealth Management LLC bought a new stake in shares of Generac in the fourth quarter valued at about $27,000. EntryPoint Capital LLC grew its stake in Generac by 73.2% in the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock valued at $27,000 after purchasing an additional 90 shares during the last quarter. BKM Wealth Management LLC purchased a new position in Generac in the fourth quarter valued at about $28,000. ORG Partners LLC purchased a new position in Generac in the fourth quarter valued at about $38,000. Finally, Quarry LP grew its stake in Generac by 219.6% in the fourth quarter. Quarry LP now owns 294 shares of the technology company’s stock valued at $38,000 after purchasing an additional 202 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors.

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.