Stephens Reiterates “Overweight” Rating for Generac (NYSE:GNRC)

Stephens restated their overweight rating on shares of Generac (NYSE:GNRC) in a research report sent to investors on Monday, Benzinga reports. They currently have a $200.00 target price on the technology company’s stock.

Several other research analysts have also recently issued reports on the company. Scotiabank upped their price objective on Generac from $147.00 to $160.00 and gave the stock a sector perform rating in a research report on Monday, July 29th. Canaccord Genuity Group upped their price objective on Generac from $177.00 to $200.00 and gave the stock a buy rating in a research report on Thursday, August 1st. Guggenheim cut Generac from a neutral rating to a sell rating and set a $120.00 price objective for the company. in a research report on Thursday, May 30th. Piper Sandler upped their target price on Generac from $150.00 to $175.00 and gave the company an overweight rating in a research report on Monday, July 22nd. Finally, Roth Mkm upped their target price on Generac from $135.00 to $160.00 and gave the company a neutral rating in a research report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Hold and an average price target of $154.71.

Generac Trading Up 3.3 %

GNRC opened at $141.53 on Monday. Generac has a 12 month low of $79.86 and a 12 month high of $169.57. The stock has a market capitalization of $8.58 billion, a price-to-earnings ratio of 38.99, a PEG ratio of 1.93 and a beta of 1.37. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.25 and a quick ratio of 0.97. The business has a fifty day moving average price of $144.14 and a 200 day moving average price of $132.88.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.15. The business had revenue of $998.20 million during the quarter, compared to analysts’ expectations of $1 billion. Generac had a return on equity of 15.35% and a net margin of 6.03%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.08 EPS. Sell-side analysts expect that Generac will post 6.3 earnings per share for the current fiscal year.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $133.39, for a total transaction of $666,950.00. Following the completion of the transaction, the chief executive officer now directly owns 577,177 shares of the company’s stock, valued at approximately $76,989,640.03. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $133.39, for a total transaction of $666,950.00. Following the completion of the transaction, the chief executive officer now directly owns 577,177 shares of the company’s stock, valued at approximately $76,989,640.03. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Patrick John Forsythe sold 65,855 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $145.80, for a total value of $9,601,659.00. Following the transaction, the insider now directly owns 19,815 shares of the company’s stock, valued at $2,889,027. The disclosure for this sale can be found here. In the last three months, insiders sold 75,785 shares of company stock valued at $11,020,661. Corporate insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Generac

Institutional investors and hedge funds have recently modified their holdings of the company. ICA Group Wealth Management LLC acquired a new stake in shares of Generac in the 4th quarter worth approximately $27,000. EntryPoint Capital LLC grew its holdings in shares of Generac by 73.2% in the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after acquiring an additional 90 shares during the period. Capital Advisors Ltd. LLC grew its holdings in shares of Generac by 611.1% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock worth $34,000 after acquiring an additional 220 shares during the period. ORG Partners LLC acquired a new stake in shares of Generac in the 4th quarter worth approximately $38,000. Finally, Quarry LP grew its holdings in shares of Generac by 219.6% in the 4th quarter. Quarry LP now owns 294 shares of the technology company’s stock worth $38,000 after acquiring an additional 202 shares during the period. Institutional investors and hedge funds 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.