Generac (NYSE:GNRC) Raised to Neutral at Guggenheim

Generac (NYSE:GNRC - Get Free Report) was upgraded by equities researchers at Guggenheim from a "sell" rating to a "neutral" rating in a research note issued to investors on Monday, Marketbeat reports.

Several other analysts also recently weighed in on the company. The Goldman Sachs Group reduced their target price on Generac from $193.00 to $168.00 and set a "buy" rating for the company in a report on Thursday, February 13th. UBS Group boosted their price objective on Generac from $200.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Robert W. Baird lowered their target price on shares of Generac from $172.00 to $171.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Wells Fargo & Company reduced 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 report on Thursday, February 13th. Finally, Stifel Nicolaus decreased their price target on shares of Generac from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Generac currently has a consensus rating of "Moderate Buy" and an average target price of $174.00.

Generac Stock Down 1.3 %

GNRC traded down $1.80 on Monday, reaching $131.57. The company's stock had a trading volume of 1,064,192 shares, compared to its average volume of 880,576. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of 24.36, a P/E/G ratio of 1.44 and a beta of 1.50. Generac has a fifty-two week low of $115.76 and a fifty-two week high of $195.94. 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 stock has a 50 day moving average of $143.91 and a two-hundred day moving average of $158.15.

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Generac (NYSE:GNRC - Get Free Report) last issued its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (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, analysts forecast that Generac will post 8 EPS for the current fiscal year.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the transaction, the chief executive officer now owns 565,825 shares in the company, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GNRC. Empirical Finance LLC boosted its stake in shares of Generac by 4.1% during the 3rd quarter. Empirical Finance LLC now owns 1,689 shares of the technology company's stock worth $268,000 after acquiring an additional 66 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Generac by 1.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,456 shares of the technology company's stock worth $1,001,000 after purchasing an additional 72 shares in the last quarter. MetLife Investment Management LLC boosted its position in Generac by 0.5% during the fourth quarter. MetLife Investment Management LLC now owns 17,004 shares of the technology company's stock worth $2,636,000 after purchasing an additional 77 shares in the last quarter. Alaethes Wealth LLC increased its position in shares of Generac by 0.7% in the fourth quarter. Alaethes Wealth LLC now owns 11,721 shares of the technology company's stock valued at $1,817,000 after buying an additional 78 shares in the last quarter. Finally, Allworth Financial LP increased its position in shares of Generac by 3.0% in the fourth quarter. Allworth Financial LP now owns 2,738 shares of the technology company's stock valued at $435,000 after buying an additional 80 shares in the last quarter. 84.04% of the stock is currently 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.