Generac (NYSE:GNRC) Sets New 52-Week Low – Should You Sell?

Generac Holdings Inc. (NYSE:GNRC) shares hit a new 52-week low during trading on Monday . The stock traded as low as $122.95 and last traded at $125.12, with a volume of 67239 shares traded. The stock had previously closed at $127.09.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Barclays started coverage on Generac in a research report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price target on the stock. The Goldman Sachs Group lowered their target price on Generac from $193.00 to $168.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Wells Fargo & Company decreased their price objective on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. UBS Group boosted their target price on shares of Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Truist Financial decreased their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Ten investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.38.

Generac Stock Down 0.3 %

The business’s 50-day moving average is $139.23 and its two-hundred day moving average is $157.60. The firm has a market capitalization of $7.53 billion, a price-to-earnings ratio of 23.39, a P/E/G ratio of 1.44 and a beta of 1.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. On average, equities analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total value of $787,500.00. Following the transaction, the chief executive officer now owns 570,825 shares of the company’s stock, valued at approximately $89,904,937.50. The trade was a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Generac

Several large investors have recently made changes to their positions in GNRC. Hurley Capital LLC acquired a new position in Generac in the 4th quarter worth $26,000. Modus Advisors LLC acquired a new position in shares of Generac during the fourth quarter worth about $27,000. Versant Capital Management Inc grew its holdings in shares of Generac by 391.9% during the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock worth $28,000 after buying an additional 145 shares in the last quarter. Cranbrook Wealth Management LLC acquired a new stake in Generac in the 4th quarter valued at approximately $28,000. Finally, Bank of Jackson Hole Trust bought a new stake in Generac in the 4th quarter valued at approximately $31,000. Institutional investors own 84.04% of the company’s stock.

Generac Company Profile

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.