Generac (NYSE:GNRC) Downgraded by Wall Street Zen to "Hold"

Generac (NYSE:GNRC - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Thursday.

GNRC has been the subject of a number of other reports. The Goldman Sachs Group cut their price target on Generac from $193.00 to $168.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Bank of America started coverage on shares of Generac in a research report on Monday, March 24th. They set a "buy" rating and a $182.00 target price for the company. UBS Group upped their target price on shares of Generac from $200.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Piper Sandler decreased their price target on shares of Generac from $175.00 to $155.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Finally, Wells Fargo & Company cut their price objective on shares of Generac from $165.00 to $128.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Generac currently has a consensus rating of "Moderate Buy" and an average target price of $165.95.

Generac Stock Performance

Generac stock traded up $3.50 during midday trading on Thursday, reaching $127.05. 299,718 shares of the company traded hands, compared to its average volume of 865,192. Generac has a 12 month low of $99.50 and a 12 month high of $195.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. The business has a 50 day moving average of $119.32 and a two-hundred day moving average of $144.16. The firm has a market capitalization of $7.51 billion, a price-to-earnings ratio of 23.53, a price-to-earnings-growth ratio of 1.44 and a beta of 1.73.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.27. The firm had revenue of $942.12 million for the quarter, compared to the consensus estimate of $921.78 million. Generac had a return on equity of 18.17% and a net margin of 7.36%. The company's revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the business posted $0.88 EPS. As a group, research analysts predict that Generac will post 8 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Generac by 2.0% in the first quarter. Vanguard Group Inc. now owns 6,932,913 shares of the technology company's stock worth $878,053,000 after buying an additional 137,363 shares in the last quarter. Boston Partners increased its holdings in Generac by 39.0% in the 4th quarter. Boston Partners now owns 1,903,297 shares of the technology company's stock valued at $295,123,000 after acquiring an additional 533,612 shares during the last quarter. Ariel Investments LLC increased its holdings in Generac by 10.1% in the 1st quarter. Ariel Investments LLC now owns 1,615,878 shares of the technology company's stock valued at $204,651,000 after acquiring an additional 148,551 shares during the last quarter. Geode Capital Management LLC lifted its stake in Generac by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 1,441,772 shares of the technology company's stock worth $223,293,000 after purchasing an additional 14,844 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Generac by 25.3% during the 1st quarter. Invesco Ltd. now owns 1,414,514 shares of the technology company's stock valued at $179,148,000 after purchasing an additional 285,388 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors.

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.