Guggenheim Upgrades Generac (NYSE:GNRC) to “Neutral”

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.com reports.

Other equities analysts have also recently issued research reports about the company. Truist Financial decreased their price target on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Robert W. Baird decreased their price target on Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Wells Fargo & Company decreased 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. 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 report on Thursday, February 13th. Finally, The Goldman Sachs Group decreased their price target on shares of Generac from $193.00 to $168.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $174.00.

Generac Stock Up 1.7 %

Shares of NYSE:GNRC opened at $132.62 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. Generac has a 1 year low of $110.86 and a 1 year high of $195.94. The stock has a market capitalization of $7.91 billion, a P/E ratio of 24.56, a PEG ratio of 1.44 and a beta of 1.50. The stock has a 50-day simple moving average of $145.50 and a 200-day simple moving average of $158.67.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. Equities analysts forecast that Generac will post 8 earnings per share for the current year.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the sale, the chief executive officer now directly owns 565,825 shares in the company, valued at $82,129,498.75. The trade was a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Generac

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Generac by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 6,795,550 shares of the technology company’s stock valued at $1,053,650,000 after purchasing an additional 47,450 shares in the last quarter. Boston Partners grew its holdings in Generac by 39.0% during the fourth quarter. Boston Partners now owns 1,903,297 shares of the technology company’s stock worth $295,123,000 after acquiring an additional 533,612 shares during the period. Geode Capital Management LLC grew its holdings in Generac by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,441,772 shares of the technology company’s stock worth $223,293,000 after acquiring an additional 14,844 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Generac by 81.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company’s stock worth $161,684,000 after acquiring an additional 469,575 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Generac by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 728,539 shares of the technology company’s stock worth $112,961,000 after acquiring an additional 16,954 shares during the period. 84.04% of the stock is currently owned by institutional investors.

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.