Generac (NYSE:GNRC) Sees Large Volume Increase After Analyst Upgrade

Generac Holdings Inc. (NYSE:GNRC) saw strong trading volume on Tuesday after Roth Mkm raised their price target on the stock from $120.00 to $135.00. Roth Mkm currently has a neutral rating on the stock. 575,999 shares were traded during mid-day trading, a decline of 44% from the previous session’s volume of 1,033,396 shares.The stock last traded at $135.90 and had previously closed at $134.12.

A number of other research analysts have also recently commented on GNRC. Guggenheim cut shares of Generac from a “buy” rating to a “neutral” rating in a research report on Thursday, February 15th. UBS Group lowered their target price on shares of Generac from $160.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. Canaccord Genuity Group boosted their target price on shares of Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Canaccord Genuity Group boosted their target price on shares of Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, Citigroup boosted their target price on shares of Generac from $124.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, Generac currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.65.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $126.94, for a total value of $634,700.00. Following the completion of the sale, the chief executive officer now directly owns 592,177 shares of the company’s stock, valued at approximately $75,170,948.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.80% of the stock is owned by corporate insiders.

Institutional Trading of Generac

Hedge funds have recently bought and sold shares of the company. ICA Group Wealth Management LLC acquired a new position in shares of Generac in the 4th quarter valued at about $27,000. BKM Wealth Management LLC acquired a new stake in Generac during the fourth quarter worth $28,000. Headlands Technologies LLC acquired a new stake in Generac during the third quarter worth $28,000. ORG Partners LLC acquired a new stake in Generac during the fourth quarter worth $38,000. Finally, Quarry LP boosted its stake in Generac by 219.6% during the fourth quarter. Quarry LP now owns 294 shares of the technology company’s stock worth $38,000 after buying an additional 202 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Generac Price Performance

The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 2.27. The company’s 50 day moving average price is $121.53 and its 200 day moving average price is $116.52. The company has a market cap of $8.20 billion, a price-to-earnings ratio of 41.37, a P/E/G ratio of 1.79 and a beta of 1.45.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, February 14th. The technology company reported $2.07 EPS for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.02). Generac had a net margin of 5.33% and a return on equity of 14.15%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the company earned $1.78 earnings per share. The business’s revenue was up 1.4% compared to the same quarter last year. On average, equities research analysts predict that Generac Holdings Inc. will post 6.3 earnings per share for the current fiscal year.

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.