Generac (NYSE:GNRC) Raised to “Neutral” at Guggenheim

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

A number of other research analysts have also recently issued reports on GNRC. Barclays initiated coverage on Generac in a research note on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 target price for the company. Stifel Nicolaus lowered their target price on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Wells Fargo & Company cut their price target on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Citigroup dropped their price objective 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. Finally, Robert W. Baird lowered their target price on Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Generac has an average rating of “Moderate Buy” and a consensus price target of $174.00.

Generac Trading Up 2.1 %

Shares of GNRC opened at $130.41 on Monday. The stock’s fifty day simple moving average is $146.05 and its 200-day simple moving average is $158.82. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $7.77 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. Generac has a 12-month low of $110.86 and a 12-month high of $195.94.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, beating 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%. As a group, research analysts predict that Generac will post 8 earnings per share for the current year.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the completion of the sale, the chief executive officer now directly owns 565,825 shares in the company, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Generac

A number of large investors have recently made changes to their positions in GNRC. Principal Financial Group Inc. grew its holdings in Generac by 5.0% in the 3rd quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company’s stock valued at $11,324,000 after buying an additional 3,426 shares in the last quarter. Sigma Planning Corp acquired a new position in shares of Generac in the third quarter valued at about $207,000. Apollon Wealth Management LLC acquired a new position in shares of Generac in the third quarter valued at about $202,000. Oppenheimer Asset Management Inc. increased its position in 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 acquiring an additional 6,872 shares during the period. Finally, KBC Group NV boosted its holdings in Generac by 11.1% in the 3rd quarter. KBC Group NV now owns 1,610 shares of the technology company’s stock valued at $256,000 after purchasing an additional 161 shares during the period. 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.