Generac (NYSE:GNRC) Rating Lowered to “Hold” at Zacks Research

Generac (NYSE:GNRC) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.

Several other equities research analysts have also recently issued reports on GNRC. Weiss Ratings raised shares of Generac from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 5th. Roth Capital raised their target price on shares of Generac from $214.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, September 17th. Wells Fargo & Company set a $280.00 price target on shares of Generac in a report on Thursday, September 17th. Raymond James Financial set a $286.00 price target on shares of Generac in a research note on Thursday, September 17th. Finally, Stephens reissued an “overweight” rating and set a $335.00 price objective on shares of Generac in a report on Thursday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $295.40.

Generac Stock Performance

NYSE:GNRC opened at $212.13 on Monday. The company has a current ratio of 2.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.43. Generac has a 12-month low of $134.80 and a 12-month high of $296.44. The stock has a 50-day moving average price of $200.49 and a 200 day moving average price of $225.99. The stock has a market capitalization of $12.52 billion, a P/E ratio of 48.88, a P/E/G ratio of 1.76 and a beta of 1.91.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.91 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.90. Generac had a return on equity of 17.83% and a net margin of 5.82%.The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the firm earned $1.65 EPS. The firm’s revenue was up 10.3% compared to the same quarter last year. Equities research analysts forecast that Generac will post 9.74 EPS for the current fiscal year.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $194.89, for a total transaction of $974,450.00. Following the completion of the transaction, the chief executive officer owned 554,528 shares in the company, valued at $108,071,961.92. This trade represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of Generac stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $218.83, for a total transaction of $120,356.50. Following the completion of the transaction, the insider directly owned 15,508 shares of the company’s stock, valued at $3,393,615.64. The trade was a 3.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 12,839 shares of company stock valued at $2,519,973. 2.40% of the stock is owned by corporate insiders.

Institutional Trading of Generac

Several hedge funds have recently made changes to their positions in GNRC. N.E.W. Advisory Services LLC bought a new stake in Generac during the second quarter worth approximately $25,000. Avalon Trust Co bought a new stake in shares of Generac in the 1st quarter valued at approximately $32,000. Essential Partners LLC lifted its stake in shares of Generac by 57.0% in the 1st quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock valued at $33,000 after purchasing an additional 61 shares during the last quarter. GHP Investment Advisors Inc. purchased a new position in shares of Generac in the 1st quarter worth approximately $36,000. Finally, Root Financial Partners LLC boosted its holdings in shares of Generac by 32.9% in the 1st quarter. Root Financial Partners LLC now owns 218 shares of the technology company’s stock worth $43,000 after purchasing an additional 54 shares during the period. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Generac Company Profile

Generac Holdings Inc is an energy technology company that designs and manufactures power generation equipment, energy storage systems and other products intended to provide backup and distributed energy solutions. Its offerings serve residential, commercial, industrial and other users seeking standby power, portable power or greater control over energy use.

The company’s product portfolio includes home standby generators, portable generators, commercial and industrial generators, mobile power equipment, engines and related transfer switches and controls.