Generac (NYSE:GNRC) Sets New 1-Year Low – Time to Sell?

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GNRC. Truist Financial lowered their target price on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. The Goldman Sachs Group lowered their price target on Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Stifel Nicolaus cut their price objective on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, February 13th. UBS Group raised their target price on shares of Generac from $200.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, Guggenheim raised shares of Generac from a “sell” rating to a “neutral” rating in a research report on Monday, March 17th. Ten research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Generac currently has an average rating of “Moderate Buy” and an average target price of $174.38.

Generac Stock Performance

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 company has a fifty day moving average of $139.23 and a two-hundred day moving average of $157.60. The firm has a market capitalization of $7.53 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 1.44 and a beta of 1.50.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, equities research analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value 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 approximately $82,129,498.75. The trade was a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Generac

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hurley Capital LLC acquired a new position in shares of Generac in the 4th quarter valued at approximately $26,000. Modus Advisors LLC acquired a new position in Generac during the fourth quarter valued at approximately $27,000. Versant Capital Management Inc lifted its stake in 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 purchasing an additional 145 shares during the last quarter. Cranbrook Wealth Management LLC acquired a new stake in shares of Generac in the 4th quarter valued at $28,000. Finally, Bank of Jackson Hole Trust bought a new position in shares of Generac in the 4th quarter valued at $31,000. 84.04% of the stock is owned by institutional investors and hedge funds.

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.