Generac (NYSE:GNRC – Get Rating) was downgraded by stock analysts at Guggenheim from a "buy" rating to a "neutral" rating in a research report issued to clients and investors on Friday, Marketbeat reports.
A number of other research analysts have also recently commented on the company. Stifel Nicolaus lowered their price target on Generac from $150.00 to $98.00 and set a "hold" rating on the stock in a report on Tuesday, December 13th. Roth Capital downgraded Generac from a "buy" rating to a "sell" rating and decreased their target price for the stock from $320.00 to $75.00 in a research report on Thursday, October 20th. StockNews.com assumed coverage on Generac in a report on Wednesday, October 12th. They set a "hold" rating on the stock. Cowen cut their target price on shares of Generac from $179.00 to $157.00 in a report on Thursday, November 3rd. Finally, Credit Suisse Group decreased their target price on shares of Generac from $165.00 to $159.00 and set an "outperform" rating on the stock in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $226.05.
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Generac Stock Performance
NYSE:GNRC opened at $122.44 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.80 and a current ratio of 2.09. The stock has a 50-day simple moving average of $103.89 and a two-hundred day simple moving average of $156.40. The firm has a market capitalization of $7.76 billion, a PE ratio of 18.41, a P/E/G ratio of 1.80 and a beta of 1.19. Generac has a 52-week low of $86.29 and a 52-week high of $329.50.
Generac (NYSE:GNRC – Get Rating) last released its earnings results on Wednesday, November 2nd. The technology company reported $1.75 EPS for the quarter, topping analysts' consensus estimates of $1.62 by $0.13. The company had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.09 billion. Generac had a net
margin of 10.29% and a return on equity of 26.03%. Analysts forecast that Generac will post 8.5 EPS for the current year.
Insider Activity at Generac
In related news, Director Robert D. Dixon bought 2,000 shares of the stock in a transaction dated Monday, December 5th. The shares were purchased at an average price of $97.27 per share, for a total transaction of $194,540.00. Following the completion of the purchase, the director now directly owns 8,895 shares of the company's stock, valued at $865,216.65. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.80% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Montag A & Associates Inc. purchased a new position in Generac during the second quarter worth approximately $25,000. Ronald Blue Trust Inc. raised its position in shares of Generac by 552.6% during the 3rd quarter. Ronald Blue Trust Inc. now owns 124 shares of the technology company's stock worth $26,000 after purchasing an additional 105 shares during the last quarter. MinichMacGregor Wealth Management LLC acquired a new position in shares of Generac during the fourth quarter valued at approximately $27,000. Clear Street Markets LLC boosted its stake in shares of Generac by 411.5% in the second quarter. Clear Street Markets LLC now owns 133 shares of the technology company's stock worth $28,000 after acquiring an additional 107 shares during the last quarter. Finally, New Millennium Group LLC acquired a new position in Generac in the 2nd quarter valued at $29,000. Institutional investors and hedge funds own 88.71% of the company's stock.
About Generac
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Generac Holdings, Inc engages in the design and manufacture of power generation equipment and other power products. It operates through the following segments: Domestic and International. The Domestic segment includes the legacy Generac, and the impact of acquisitions that are based in the U.S. and Canada.
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