Shares of Generac Holdings Inc. (NYSE:GNRC - Get Free Report) reached a new 52-week low 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.
Analysts Set New Price Targets
Several brokerages have issued reports on GNRC. Piper Sandler dropped their target price on shares of Generac from $185.00 to $175.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. Citigroup cut their target price on shares of Generac from $172.00 to $162.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Stifel Nicolaus lowered their price target on Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. The Goldman Sachs Group dropped their price target on Generac from $193.00 to $168.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Finally, Barclays assumed coverage on Generac in a research report on Wednesday, December 4th. They set an "equal weight" rating and a $189.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Generac presently has a consensus rating of "Moderate Buy" and a consensus target price of $174.38.
Check Out Our Latest Research Report on GNRC
Generac Trading Up 1.5 %
The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. The firm's 50 day moving average price is $138.62 and its 200 day moving average price is $157.39. The stock has a market capitalization of $7.65 billion, a P/E ratio of 23.76, a P/E/G ratio of 1.44 and a beta of 1.58.
Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, beating analysts' consensus estimates of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. As a group, equities research analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business's 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 transaction, the chief executive officer now owns 565,825 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. 2.90% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Hurley Capital LLC bought a new stake in shares of Generac during the fourth quarter valued at approximately $26,000. Modus Advisors LLC purchased a new position in Generac during the fourth quarter valued at $27,000. Versant Capital Management Inc boosted its holdings in shares of Generac by 391.9% during the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company's stock valued at $28,000 after buying an additional 145 shares in the last quarter. Cranbrook Wealth Management LLC purchased a new stake in shares of Generac in the 4th quarter worth about $28,000. Finally, Bank of Jackson Hole Trust bought a new position in shares of Generac in the 4th quarter worth about $31,000. Hedge funds and other institutional investors own 84.04% of the company's stock.
About Generac
(
Get Free Report)
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.
Further Reading
Before you consider Generac, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Generac wasn't on the list.
While Generac currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
