Generac (NYSE:GNRC) Earns Overweight Rating from Stephens

Generac (NYSE:GNRC)‘s stock had its “overweight” rating reiterated by investment analysts at Stephens in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $290.00 price objective on the technology company’s stock. Stephens’ price objective would indicate a potential upside of 18.94% from the stock’s previous close.

A number of other research firms also recently commented on GNRC. Zacks Research upgraded Generac from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th. Bank of America lowered their target price on Generac from $260.00 to $248.00 and set a “buy” rating for the company in a research report on Thursday, March 26th. Stifel Nicolaus set a $275.00 target price on Generac in a research report on Thursday, April 30th. Argus increased their target price on Generac from $255.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, UBS Group increased their target price on Generac from $270.00 to $305.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $270.31.

Generac Price Performance

GNRC traded down $1.36 during trading on Thursday, reaching $243.83. 134,907 shares of the company traded hands, compared to its average volume of 1,044,690. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.99 and a current ratio of 2.03. Generac has a 12-month low of $118.09 and a 12-month high of $276.80. The firm has a fifty day simple moving average of $220.87 and a 200 day simple moving average of $188.09. The company has a market cap of $14.35 billion, a P/E ratio of 76.51, a PEG ratio of 2.28 and a beta of 1.93.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, April 29th. The technology company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.47. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. Generac had a return on equity of 15.45% and a net margin of 4.37%.The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.26 EPS. On average, equities analysts forecast that Generac will post 8.91 EPS for the current year.

Insider Transactions at Generac

In related news, CFO York A. Ragen sold 24,362 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $235.61, for a total value of $5,739,930.82. Following the completion of the sale, the chief financial officer directly owned 137,182 shares in the company, valued at $32,321,451.02. This trade represents a 15.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Generac

Institutional investors have recently bought and sold shares of the stock. MUFG Securities EMEA plc bought a new stake in Generac in the second quarter worth $25,000. Caitong International Asset Management Co. Ltd bought a new stake in Generac in the third quarter worth $26,000. Sentry Investment Management LLC lifted its position in Generac by 69.8% in the third quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock worth $28,000 after buying an additional 67 shares during the last quarter. Avalon Trust Co bought a new stake in Generac in the first quarter worth $32,000. Finally, GHP Investment Advisors Inc. bought a new stake in Generac in the first quarter worth $36,000. 84.04% of the stock is currently owned by institutional investors.

About Generac

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.