Generac (NYSE:GNRC) Rating Lowered to Market Perform at Oppenheimer

Oppenheimer lowered shares of Generac (NYSE:GNRC) from an outperform rating to a market perform rating in a research note published on Wednesday, MarketBeat Ratings reports.

Other research analysts also recently issued research reports about the company. UBS Group dropped their target price on Generac from $160.00 to $150.00 and set a buy rating on the stock in a research report on Thursday, February 15th. Citigroup raised their price objective on shares of Generac from $124.00 to $128.00 and gave the stock a neutral rating in a report on Monday, February 12th. Roth Mkm upped their target price on shares of Generac from $120.00 to $135.00 and gave the company a neutral rating in a report on Tuesday, April 23rd. Canaccord Genuity Group lifted their price target on shares of Generac from $140.00 to $150.00 and gave the stock a buy rating in a research note on Friday, April 5th. Finally, Guggenheim lowered Generac from a buy rating to a neutral rating in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $142.15.

Generac Stock Performance

Shares of GNRC stock opened at $148.66 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 2.29 and a debt-to-equity ratio of 0.61. The company has a 50 day moving average price of $133.62 and a 200-day moving average price of $123.49. Generac has a 52 week low of $79.86 and a 52 week high of $156.95. The firm has a market capitalization of $9.01 billion, a PE ratio of 40.95, a P/E/G ratio of 1.97 and a beta of 1.41.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, May 1st. The technology company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.16. The business had revenue of $889.27 million during the quarter, compared to the consensus estimate of $886.60 million. Generac had a net margin of 5.68% and a return on equity of 14.68%. The firm’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.63 EPS. As a group, equities research analysts expect that Generac will post 6.08 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $139.95, for a total value of $699,750.00. Following the sale, the chief executive officer now directly owns 587,177 shares of the company’s stock, valued at $82,175,421.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $139.95, for a total transaction of $699,750.00. Following the completion of the transaction, the chief executive officer now directly owns 587,177 shares in the company, valued at approximately $82,175,421.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Nam Tran Nguyen sold 546 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $140.55, for a total transaction of $76,740.30. Following the completion of the sale, the director now owns 3,512 shares in the company, valued at approximately $493,611.60. The disclosure for this sale can be found here. Insiders have sold a total of 14,930 shares of company stock worth $2,086,502 in the last 90 days. 2.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GNRC. ICA Group Wealth Management LLC purchased a new stake in Generac during the fourth quarter valued at approximately $27,000. EntryPoint Capital LLC lifted its position in Generac by 73.2% in the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after buying an additional 90 shares during the last quarter. BKM Wealth Management LLC purchased a new position in Generac during the fourth quarter worth $28,000. Headlands Technologies LLC bought a new position in Generac during the third quarter valued at $28,000. Finally, ORG Partners LLC purchased a new stake in shares of Generac in the fourth quarter valued at $38,000. 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.