Generac (NYSE:GNRC) Trading Down 5.7% – Should You Sell?

Generac Holdings Inc. (NYSE:GNRC)’s stock price traded down 5.7% during mid-day trading on Monday . The stock traded as low as $161.57 and last traded at $163.1620. 269,163 shares changed hands during trading, a decline of 74% from the average session volume of 1,017,129 shares. The stock had previously closed at $173.01.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on GNRC shares. Wall Street Zen cut Generac from a “buy” rating to a “hold” rating in a report on Sunday, September 28th. JPMorgan Chase & Co. raised shares of Generac from a “neutral” rating to an “overweight” rating and set a $200.00 target price on the stock in a report on Monday, December 8th. Guggenheim cut their target price on shares of Generac from $210.00 to $202.00 and set a “buy” rating for the company in a research note on Thursday, October 9th. Robert W. Baird upgraded shares of Generac from a “neutral” rating to an “outperform” rating and decreased their price target for the stock from $215.00 to $199.00 in a research note on Friday, January 9th. Finally, Wells Fargo & Company set a $195.00 price objective on shares of Generac in a report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $195.29.

Generac Trading Down 3.3%

The stock has a market cap of $9.82 billion, a PE ratio of 31.86, a PEG ratio of 1.39 and a beta of 1.82. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.02 and a current ratio of 2.18. The stock has a fifty day moving average price of $151.48 and a 200 day moving average price of $167.42.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, October 29th. The technology company reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.42). Generac had a return on equity of 17.63% and a net margin of 6.92%.The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the business earned $2.25 earnings per share. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. Equities analysts expect that Generac Holdings Inc. will post 8 EPS for the current year.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $166.43, for a total transaction of $832,150.00. Following the transaction, the chief executive officer directly owned 542,966 shares in the company, valued at approximately $90,365,831.38. This represents a 0.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Generac

Several large investors have recently added to or reduced their stakes in GNRC. Massachusetts Financial Services Co. MA acquired a new stake in shares of Generac during the third quarter worth $70,744,000. JPMorgan Chase & Co. raised its position in Generac by 2.9% during the second quarter. JPMorgan Chase & Co. now owns 361,189 shares of the technology company’s stock valued at $51,728,000 after acquiring an additional 10,325 shares in the last quarter. Paradice Investment Management LLC lifted its stake in shares of Generac by 27.4% in the 3rd quarter. Paradice Investment Management LLC now owns 181,283 shares of the technology company’s stock valued at $30,347,000 after purchasing an additional 38,945 shares during the period. Annex Advisory Services LLC raised its holdings in Generac by 9.2% in the 3rd quarter. Annex Advisory Services LLC now owns 194,519 shares of the technology company’s stock worth $32,562,000 after purchasing an additional 16,386 shares during the period. Finally, Valeo Financial Advisors LLC purchased a new position in shares of Generac during the 2nd quarter valued at approximately $217,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Generac Company Profile

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.