Generac (GNRC) Cut to Sell at ValuEngine

ValuEngine downgraded shares of Generac (NYSE:GNRC) from a hold rating to a sell rating in a report issued on Friday morning.

GNRC has been the subject of several other reports. Stifel Nicolaus raised their target price on shares of Generac from $52.00 to $56.00 and gave the company a hold rating in a report on Thursday, August 2nd. Zacks Investment Research downgraded shares of Generac from a hold rating to a sell rating in a report on Wednesday, July 18th. Canaccord Genuity raised their target price on shares of Generac from $58.00 to $62.00 and gave the company a hold rating in a report on Tuesday, September 11th. KeyCorp restated a buy rating and set a $60.00 target price on shares of Generac in a report on Wednesday, August 1st. Finally, Goldman Sachs Group downgraded shares of Generac from a neutral rating to a sell rating and set a $49.00 target price for the company. in a report on Monday, July 16th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. Generac has an average rating of Hold and a consensus price target of $56.98.

Shares of GNRC traded down $1.45 during trading hours on Friday, reaching $52.27. The company had a trading volume of 633,966 shares, compared to its average volume of 743,904. The company has a quick ratio of 0.94, a current ratio of 1.94 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $3.24 billion, a PE ratio of 11.24, a P/E/G ratio of 1.94 and a beta of 1.35. Generac has a 12-month low of $42.96 and a 12-month high of $60.70.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Thursday, November 1st. The technology company reported $1.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.35. Generac had a net margin of 12.45% and a return on equity of 49.80%. The business had revenue of $559.52 million during the quarter, compared to the consensus estimate of $502.94 million. During the same quarter last year, the firm posted $0.92 EPS. The business’s revenue was up 22.7% compared to the same quarter last year. On average, research analysts anticipate that Generac will post 4.18 EPS for the current year.

In other Generac news, CEO Aaron Jagdfeld sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $54.70, for a total transaction of $1,094,000.00. Following the completion of the transaction, the chief executive officer now directly owns 843,971 shares in the company, valued at approximately $46,165,213.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Patrick John Forsythe sold 45,150 shares of Generac stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $57.05, for a total transaction of $2,575,807.50. Following the sale, the executive vice president now owns 25,835 shares of the company’s stock, valued at $1,473,886.75. The disclosure for this sale can be found here. Insiders have sold a total of 114,150 shares of company stock valued at $6,313,548 over the last 90 days. 3.00% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of GNRC. Advisory Services Network LLC purchased a new stake in shares of Generac during the third quarter worth about $179,000. Strs Ohio grew its holdings in shares of Generac by 30.0% during the second quarter. Strs Ohio now owns 5,200 shares of the technology company’s stock worth $268,000 after buying an additional 1,200 shares in the last quarter. We Are One Seven LLC purchased a new stake in shares of Generac during the third quarter worth about $287,000. Lido Advisors LLC purchased a new stake in shares of Generac during the second quarter worth about $301,000. Finally, Brown Advisory Inc. purchased a new stake in shares of Generac during the first quarter worth about $303,000. Institutional investors and hedge funds own 97.67% of the company’s stock.

Generac Company Profile

Generac Holdings Inc designs, manufactures, and sells power generation equipment and other engine powered products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.

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