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

Generac (NYSE:GNRC) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday.

GNRC has been the subject of a number of other research reports. Robert W. Baird increased their price objective on shares of Generac from $142.00 to $163.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Truist Financial increased their price target on shares of Generac from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Scotiabank upped their price objective on Generac from $147.00 to $160.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. Stifel Nicolaus restated a “buy” rating and set a $175.00 target price (up previously from $145.00) on shares of Generac in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. upped their price target on Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $165.40.

Generac Stock Performance

Shares of GNRC traded up $1.25 during trading hours on Monday, reaching $165.65. 498,108 shares of the company traded hands, compared to its average volume of 949,486. Generac has a 1-year low of $79.86 and a 1-year high of $176.14. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.99 and a current ratio of 2.25. The stock has a market cap of $10.04 billion, a P/E ratio of 45.63, a price-to-earnings-growth ratio of 2.15 and a beta of 1.38. The stock’s fifty day moving average is $155.89 and its 200 day moving average is $147.20.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 earnings per share 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 return on equity of 15.35% and a net margin of 6.03%. Generac’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.08 EPS. Equities research analysts anticipate that Generac will post 6.49 earnings per share for the current fiscal year.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total transaction of $794,650.00. Following the transaction, the chief executive officer now owns 562,177 shares of the company’s stock, valued at approximately $89,346,790.61. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of GNRC. EntryPoint Capital LLC boosted its stake in Generac by 73.2% in the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock valued at $27,000 after acquiring an additional 90 shares during the last quarter. Sunbelt Securities Inc. boosted its position in shares of Generac by 97.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after purchasing an additional 100 shares during the last quarter. Capital Advisors Ltd. LLC grew its stake in shares of 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 purchasing an additional 220 shares during the period. Blue Trust Inc. lifted its stake in Generac by 73.5% in the third quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock valued at $36,000 after buying an additional 97 shares during the period. Finally, Fairfield Financial Advisors LTD bought a new position in Generac during the second quarter worth about $38,000. Institutional investors 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.