Generac (NYSE:GNRC) Stock Rating Upgraded by Guggenheim

Generac (NYSE:GNRC) was upgraded by research analysts at Guggenheim from a “sell” rating to a “neutral” rating in a research note issued on Monday, Marketbeat.com reports.

A number of other equities analysts also recently weighed in on the company. UBS Group upped their target price on Generac from $200.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Truist Financial cut their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Citigroup lowered their price target on shares of Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. The Goldman Sachs Group cut their price objective on Generac from $193.00 to $168.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Finally, Robert W. Baird lowered their target price on Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Generac has an average rating of “Moderate Buy” and an average price target of $174.00.

Generac Trading Up 2.1 %

Generac stock opened at $130.41 on Monday. Generac has a 52 week low of $110.86 and a 52 week high of $195.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. The firm has a market capitalization of $7.77 billion, a price-to-earnings ratio of 24.15, a P/E/G ratio of 1.44 and a beta of 1.50. The company has a 50 day moving average price of $146.05 and a 200 day moving average price of $158.82.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, topping the consensus estimate of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. Research analysts forecast that Generac will post 8 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the sale, the chief executive officer now directly owns 565,825 shares in the company, valued at approximately $82,129,498.75. The trade was a 0.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its holdings in shares of Generac by 5.0% during the third quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company’s stock valued at $11,324,000 after acquiring an additional 3,426 shares during the period. Sigma Planning Corp acquired a new position in Generac in the third quarter valued at about $207,000. Apollon Wealth Management LLC bought a new stake in Generac during the third quarter worth about $202,000. Oppenheimer Asset Management Inc. increased its holdings in shares of Generac by 181.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 10,650 shares of the technology company’s stock worth $1,692,000 after buying an additional 6,872 shares in the last quarter. Finally, KBC Group NV grew its position in Generac by 11.1% during the 3rd quarter. KBC Group NV now owns 1,610 shares of the technology company’s stock worth $256,000 after acquiring an additional 161 shares during the last quarter. 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.