Shares of Generac Holdings Inc. (NYSE:GNRC - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $103.50 and last traded at $104.19, with a volume of 840417 shares changing hands. The stock had previously closed at $110.65.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the company. Robert W. Baird lowered their price objective on Generac from $172.00 to $171.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Wells Fargo & Company decreased their price target on shares of Generac from $175.00 to $165.00 and set an "equal weight" rating for the company in a research note on Thursday, February 13th. Guggenheim raised shares of Generac from a "sell" rating to a "neutral" rating in a research report on Monday, March 17th. Bank of America began coverage on shares of Generac in a research report on Monday, March 24th. They set a "buy" rating and a $182.00 price objective for the company. Finally, The Goldman Sachs Group dropped their target price on Generac from $193.00 to $168.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $175.60.
Check Out Our Latest Analysis on Generac
Generac Stock Performance
The company has a market cap of $6.57 billion, a PE ratio of 20.40, a P/E/G ratio of 1.44 and a beta of 1.58. 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 stock's 50-day simple moving average is $131.34 and its 200 day simple moving average is $155.14.
Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping 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, equities analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current year.
Insider Buying and Selling at Generac
In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the completion of the transaction, the chief executive officer now owns 565,825 shares of the company's stock, valued at approximately $82,129,498.75. This trade represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.90% of the stock is currently owned by corporate insiders.
Institutional Trading of Generac
A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Generac by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 6,795,550 shares of the technology company's stock worth $1,053,650,000 after acquiring an additional 47,450 shares during the last quarter. Boston Partners lifted its stake in shares of Generac by 39.0% during the 4th quarter. Boston Partners now owns 1,903,297 shares of the technology company's stock worth $295,123,000 after purchasing an additional 533,612 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Generac by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,441,772 shares of the technology company's stock worth $223,293,000 after purchasing an additional 14,844 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Generac by 81.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company's stock valued at $161,684,000 after purchasing an additional 469,575 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Generac by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 728,539 shares of the technology company's stock valued at $112,961,000 after purchasing an additional 16,954 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company's stock.
Generac Company Profile
(
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
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