Generac (NYSE:GNRC) Downgraded by Oppenheimer

Oppenheimer lowered shares of Generac (NYSE:GNRC - Free Report) from an outperform rating to a market perform rating in a research note published on Wednesday, Marketbeat reports.

GNRC has been the topic of a number of other research reports. UBS Group decreased their price target on shares of Generac from $160.00 to $150.00 and set a buy rating on the stock in a research note on Thursday, February 15th. TD Cowen decreased their target price on shares of Generac from $165.00 to $144.00 and set an outperform rating on the stock in a research report on Thursday, February 15th. Robert W. Baird increased their target price on shares of Generac from $112.00 to $129.00 and gave the stock a neutral rating in a research report on Thursday, February 15th. Roth Mkm increased their target price on shares of Generac from $120.00 to $135.00 and gave the stock a neutral rating in a research report on Tuesday, April 23rd. Finally, OTR Global upgraded shares of Generac from a mixed rating to a positive rating in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Generac currently has an average rating of Moderate Buy and a consensus price target of $142.40.

Generac Stock Performance

GNRC traded down $2.45 on Wednesday, reaching $151.78. The company had a trading volume of 745,618 shares, compared to its average volume of 1,061,764. Generac has a fifty-two week low of $79.86 and a fifty-two week high of $156.95. The stock has a market cap of $9.20 billion, a P/E ratio of 41.81, a P/E/G ratio of 2.07 and a beta of 1.41. The company's fifty day moving average is $132.26 and its 200 day moving average is $123.03. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 2.29.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.16. Generac had a net margin of 5.68% and a return on equity of 14.68%. The business had revenue of $889.27 million for the quarter, compared to analyst estimates of $886.60 million. During the same quarter in the prior year, the business earned $0.63 EPS. Generac's quarterly revenue was up .2% on a year-over-year basis. As a group, analysts predict that Generac will post 6.08 earnings per share for the current fiscal year.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $139.95, for a total transaction of $699,750.00. Following the completion of the transaction, the chief executive officer now owns 587,177 shares of the company's stock, valued at $82,175,421.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Nam Tran Nguyen sold 546 shares of the firm's stock in a transaction on Monday, May 13th. The shares were sold at an average price of $140.55, for a total transaction of $76,740.30. Following the completion of the transaction, the director now owns 3,512 shares of the company's stock, valued at $493,611.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $139.95, for a total transaction of $699,750.00. Following the transaction, the chief executive officer now directly owns 587,177 shares of the company's stock, valued at approximately $82,175,421.15. The disclosure for this sale can be found here. Insiders sold a total of 10,546 shares of company stock valued at $1,411,190 in the last quarter. Insiders own 2.80% of the company's stock.

Institutional Investors Weigh In On Generac

Large investors have recently modified their holdings of the company. ICA Group Wealth Management LLC acquired a new stake in Generac in the fourth quarter worth $27,000. EntryPoint Capital LLC grew its holdings in Generac by 73.2% in the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company's stock worth $27,000 after purchasing an additional 90 shares during the period. BKM Wealth Management LLC acquired a new stake in Generac in the fourth quarter worth $28,000. Headlands Technologies LLC acquired a new stake in Generac in the third quarter worth $28,000. Finally, ORG Partners LLC acquired a new stake in Generac in the fourth quarter worth $38,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

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.