Generac (NYSE:GNRC) Rating Lowered to "Hold" at Wall Street Zen

Key Points

• Generac has been downgraded from a "buy" rating to a "hold" rating by Wall Street Zen in a recent report.
• Contradictory to this downgrade, several analysts, including Guggenheim and Stifel Nicolaus, have recently raised their ratings on Generac and set higher price targets, suggesting a mixed outlook.
• Generac's recent financial results showed an earnings per share (EPS) of $1.65, exceeding expectations, along with a revenue increase of 6.3% year-over-year.

Generac (NYSE:GNRC - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Monday.

GNRC has been the subject of a number of other research reports. Guggenheim raised Generac from a "neutral" rating to a "buy" rating and set a $190.00 target price for the company in a report on Tuesday, July 29th. Stifel Nicolaus upped their price target on Generac from $195.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Citigroup restated a "neutral" rating and issued a $219.00 price target (up from $138.00) on shares of Generac in a research report on Tuesday, August 26th. Stephens restated an "overweight" rating and issued a $175.00 price target on shares of Generac in a research report on Tuesday, May 27th. Finally, JPMorgan Chase & Co. upgraded Generac from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $56.00 to $68.00 in a research report on Monday, August 11th. Thirteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Generac has an average rating of "Moderate Buy" and an average target price of $174.56.

Generac Trading Down 1.0%

Shares of NYSE:GNRC opened at $185.09 on Monday. Generac has a 12-month low of $99.50 and a 12-month high of $203.25. The business's fifty day simple moving average is $169.31 and its 200-day simple moving average is $140.42. The company has a market capitalization of $10.86 billion, a PE ratio of 30.75, a P/E/G ratio of 1.48 and a beta of 1.63. The company has a current ratio of 2.00, a quick ratio of 0.88 and a debt-to-equity ratio of 0.50.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.65 EPS for the quarter, topping analysts' consensus estimates of $1.33 by $0.32. The company had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.03 billion. Generac had a return on equity of 19.14% and a net margin of 7.91%.The firm's revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.35 EPS. Generac has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Generac will post 8 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $142.40, for a total transaction of $712,000.00. Following the completion of the sale, the chief executive officer directly owned 562,966 shares of the company's stock, valued at $80,166,358.40. The trade was a 0.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GNRC. Centaurus Financial Inc. acquired a new position in Generac during the 2nd quarter worth $109,000. Cim Investment Management Inc. lifted its position in shares of Generac by 99.6% during the second quarter. Cim Investment Management Inc. now owns 19,525 shares of the technology company's stock worth $2,912,000 after purchasing an additional 9,744 shares during the last quarter. Cim LLC lifted its position in shares of Generac by 4.7% during the second quarter. Cim LLC now owns 10,003 shares of the technology company's stock worth $1,433,000 after purchasing an additional 451 shares during the last quarter. Rexford Capital Inc. acquired a new position in Generac in the second quarter worth about $200,000. Finally, Public Sector Pension Investment Board increased its holdings in Generac by 169.2% in the second quarter. Public Sector Pension Investment Board now owns 42,891 shares of the technology company's stock valued at $6,142,000 after buying an additional 26,956 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company's stock.

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.

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