Generac (NYSE:GNRC) Raised to Buy at StockNews.com

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

A number of other equities research analysts also recently issued reports on the stock. Guggenheim downgraded shares of Generac from a neutral rating to a sell rating and set a $120.00 price target for the company. in a research report on Thursday, May 30th. Northland Securities raised their price objective on Generac from $160.00 to $180.00 and gave the company an outperform rating in a research note on Thursday, August 1st. Robert W. Baird upped their target price on Generac from $142.00 to $163.00 and gave the company a neutral rating in a report on Thursday, August 1st. Wells Fargo & Company increased their price objective on shares of Generac from $139.00 to $156.00 and gave the company an equal weight rating in a research note on Thursday, August 1st. Finally, Scotiabank increased their target price on Generac from $147.00 to $160.00 and gave the company a sector perform rating in a report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Generac has a consensus rating of Hold and an average price target of $154.71.

Generac Trading Up 3.2 %

Shares of GNRC stock opened at $149.02 on Tuesday. The business’s fifty day moving average price is $144.28 and its 200 day moving average price is $133.80. The firm has a market capitalization of $9.03 billion, a PE ratio of 41.05, a P/E/G ratio of 1.93 and a beta of 1.37. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.25 and a quick ratio of 0.97. Generac has a 1-year low of $79.86 and a 1-year high of $169.57.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, July 31st. The technology company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.20 by $0.15. The company had revenue of $998.20 million for the quarter, compared to analyst estimates of $1 billion. Generac had a net margin of 6.03% and a return on equity of 15.35%. The business’s revenue was down .2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.08 EPS. As a group, sell-side analysts forecast that Generac will post 6.3 EPS for the current fiscal year.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $133.39, for a total transaction of $666,950.00. Following the transaction, the chief executive officer now directly owns 577,177 shares of the company’s stock, valued at $76,989,640.03. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, insider Patrick John Forsythe sold 65,855 shares of Generac stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $145.80, for a total transaction of $9,601,659.00. Following the sale, the insider now owns 19,815 shares in the company, valued at $2,889,027. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Monday, July 1st. The stock was sold at an average price of $133.39, for a total transaction of $666,950.00. Following the sale, the chief executive officer now directly owns 577,177 shares in the company, valued at approximately $76,989,640.03. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,239 shares of company stock valued at $10,943,920. 2.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. ICA Group Wealth Management LLC bought a new position in Generac during the 4th quarter worth approximately $27,000. EntryPoint Capital LLC grew its position in shares of Generac by 73.2% during the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock valued at $27,000 after buying an additional 90 shares during the last quarter. Capital Advisors Ltd. LLC raised its stake in Generac by 611.1% during the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock worth $34,000 after acquiring an additional 220 shares during the period. Fairfield Financial Advisors LTD bought a new position in Generac in the second quarter worth about $38,000. Finally, ORG Partners LLC bought a new position in Generac in the fourth quarter worth about $38,000. 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.