Generac (NYSE:GNRC) Sees Strong Trading Volume on Analyst Upgrade

Generac Holdings Inc. (NYSE:GNRC) shares saw unusually-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. Approximately 575,999 shares changed hands 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.

Several other research analysts also recently weighed in on GNRC. OTR Global upgraded Generac from a “mixed” rating to a “positive” rating in a report on Tuesday, April 2nd. UBS Group cut their price objective on shares of Generac from $160.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, February 15th. Guggenheim downgraded shares of Generac from a “buy” rating to a “neutral” rating in a report on Thursday, February 15th. Canaccord Genuity Group boosted their price target on Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Finally, Citigroup lifted their price objective on Generac from $124.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Generac has an average rating of “Moderate Buy” and a consensus target price of $141.65.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $115.22, for a total transaction of $576,100.00. Following the completion of the sale, the chief executive officer now directly owns 577,690 shares of the company’s stock, valued at $66,561,441.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

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

Generac Stock Performance

The company has a current ratio of 2.27, a quick ratio of 0.94 and a debt-to-equity ratio of 0.62. The firm has a 50-day simple moving average of $121.29 and a two-hundred day simple moving average of $116.28. The company has a market capitalization of $8.27 billion, a price-to-earnings ratio of 41.59, a price-to-earnings-growth ratio of 1.79 and a beta of 1.45.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, February 14th. The technology company reported $2.07 earnings per share for the quarter, missing the consensus estimate of $2.09 by ($0.02). Generac had a return on equity of 14.15% and a net margin of 5.33%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the company earned $1.78 earnings per share. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, sell-side analysts forecast that Generac Holdings Inc. will post 6.3 earnings per share for the current fiscal year.

About Generac

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.