Generac (GNRC) Downgraded by ValuEngine to Sell

Generac (NYSE:GNRC) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Friday, November 2nd.

A number of other brokerages also recently commented on GNRC. Canaccord Genuity increased their price objective on Generac from $58.00 to $62.00 and gave the company a “hold” rating in a research report on Tuesday, September 11th. KeyCorp increased their price objective on Generac from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Thursday, September 13th. Goldman Sachs Group upgraded Generac from a “sell” rating to a “neutral” rating in a research report on Thursday, October 18th. Zacks Investment Research upgraded Generac from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research report on Friday, August 3rd. Finally, Stifel Nicolaus increased their target price on Generac from $52.00 to $56.00 and gave the company a “hold” rating in a report on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $56.98.

GNRC traded down $0.24 during trading on Friday, reaching $54.51. The stock had a trading volume of 369,343 shares, compared to its average volume of 612,629. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 1.85 and a beta of 1.35. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.88 and a quick ratio of 0.94. Generac has a 1-year low of $42.96 and a 1-year high of $60.70.

Generac (NYSE:GNRC) last released its earnings results on Thursday, November 1st. The technology company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.35. Generac had a return on equity of 47.44% and a net margin of 12.45%. The firm had revenue of $559.52 million during the quarter, compared to the consensus estimate of $502.94 million. During the same period in the prior year, the firm posted $0.92 earnings per share. The firm’s revenue for the quarter was up 22.7% compared to the same quarter last year. Equities analysts expect that Generac will post 4.66 EPS for the current fiscal year.

In other news, insider Russell S. Minick sold 9,000 shares of the company’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $54.86, for a total value of $493,740.00. Following the transaction, the insider now directly owns 16,353 shares of the company’s stock, valued at $897,125.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Aaron Jagdfeld sold 20,000 shares of the company’s stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $51.39, for a total transaction of $1,027,800.00. The disclosure for this sale can be found here. Insiders sold 114,150 shares of company stock valued at $6,313,548 in the last 90 days. Corporate insiders own 3.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC acquired a new position in Generac during the third quarter worth $179,000. Strs Ohio increased its position in 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 during the last quarter. We Are One Seven LLC acquired a new position in Generac during the third quarter worth $287,000. Lido Advisors LLC acquired a new position in Generac during the second quarter worth $301,000. Finally, Brown Advisory Inc. acquired a new position in Generac during the first quarter worth $303,000. 97.47% of the stock is currently owned by institutional investors and hedge funds.

About Generac

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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Analyst Recommendations for Generac (NYSE:GNRC)

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