Generac (NYSE:GNRC) Upgraded to “Neutral” at Guggenheim

Guggenheim upgraded shares of Generac (NYSE:GNRC) from a sell rating to a neutral rating in a research note issued to investors on Monday morning, Marketbeat reports.

GNRC has been the subject of a number of other reports. The Goldman Sachs Group reduced their target price on shares of Generac from $193.00 to $168.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Truist Financial reduced their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Wells Fargo & Company reduced their target price on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. UBS Group boosted their target price on shares of Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, Robert W. Baird reduced their target price on shares of Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Generac has a consensus rating of “Moderate Buy” and an average price target of $174.00.

Generac Stock Up 1.5 %

Shares of GNRC opened at $133.82 on Monday. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The firm has a fifty day moving average price of $144.42 and a 200-day moving average price of $158.32. The firm has a market capitalization of $7.98 billion, a P/E ratio of 24.78, a P/E/G ratio of 1.44 and a beta of 1.50. Generac has a 12-month low of $112.81 and a 12-month high of $195.94.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. Equities research analysts expect that Generac will post 8 earnings per share for the current year.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total value of $787,500.00. Following the sale, the chief executive officer now owns 570,825 shares in the company, valued at $89,904,937.50. This represents a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Generac

Large investors have recently bought and sold shares of the company. Hurley Capital LLC acquired a new stake in shares of Generac during the 4th quarter worth approximately $26,000. Modus Advisors LLC acquired a new stake in shares of Generac during the 4th quarter worth approximately $27,000. Cranbrook Wealth Management LLC acquired a new stake in shares of Generac during the 4th quarter worth approximately $28,000. Versant Capital Management Inc grew its stake 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 worth $28,000 after purchasing an additional 145 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in shares of Generac during the 3rd quarter worth approximately $31,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Company Profile

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.