Generac (NYSE:GNRC) Rating Lowered to Hold at Wall Street Zen

Wall Street Zen lowered shares of Generac (NYSE:GNRC) from a buy rating to a hold rating in a report issued on Sunday morning.

A number of other research analysts also recently weighed in on GNRC. Guggenheim raised shares of Generac from a “neutral” rating to a “buy” rating and set a $190.00 target price for the company in a research report on Tuesday, July 29th. UBS Group restated a “buy” rating and set a $220.00 price objective (up from $200.00) on shares of Generac in a research note on Thursday, July 31st. Canaccord Genuity Group lowered their target price on Generac from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Thursday, September 25th. Wells Fargo & Company upped their target price on Generac from $128.00 to $180.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Finally, TD Cowen raised their price target on Generac from $155.00 to $198.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Twelve analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Generac has a consensus rating of “Moderate Buy” and an average target price of $184.11.

Generac Trading Up 1.1%

Shares of NYSE:GNRC opened at $167.58 on Friday. The firm has a market cap of $9.83 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 1.33 and a beta of 1.63. Generac has a 12 month low of $99.50 and a 12 month high of $203.25. The company’s fifty day simple moving average is $183.01 and its 200 day simple moving average is $146.88. The company has a quick ratio of 0.88, a current ratio of 2.00 and a debt-to-equity ratio of 0.50.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.32. Generac had a return on equity of 19.14% and a net margin of 7.91%.The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the business posted $1.35 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. Generac has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Generac will post 8 EPS for the current fiscal year.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $181.21, for a total transaction of $906,050.00. Following the completion of the transaction, the chief executive officer directly owned 552,966 shares of the company’s stock, valued at $100,202,968.86. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.70% of the stock is currently owned by company insiders.

Institutional Trading of Generac

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Generac during the fourth quarter worth approximately $3,886,000. Centaurus Financial Inc. increased its stake in shares of Generac by 71.1% during the fourth quarter. Centaurus Financial Inc. now owns 1,203 shares of the technology company’s stock worth $187,000 after purchasing an additional 500 shares during the period. Versant Capital Management Inc lifted its holdings in Generac by 629.7% during the 1st quarter. Versant Capital Management Inc now owns 1,328 shares of the technology company’s stock worth $168,000 after purchasing an additional 1,146 shares during the last quarter. GAMMA Investing LLC boosted its stake in Generac by 8,026.7% in the 1st quarter. GAMMA Investing LLC now owns 140,835 shares of the technology company’s stock valued at $17,837,000 after purchasing an additional 139,102 shares during the period. Finally, Rothschild Investment LLC grew its holdings in Generac by 515.8% in the 1st quarter. Rothschild Investment LLC now owns 3,270 shares of the technology company’s stock valued at $414,000 after buying an additional 2,739 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

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.