Generac (NYSE:GNRC) Trading Up 7.8%

Generac Holdings Inc. (NYSE:GNRC - Get Free Report)'s share price was up 7.8% on Thursday . The company traded as high as $138.85 and last traded at $138.31. Approximately 1,136,300 shares were traded during trading, an increase of 14% from the average daily volume of 995,761 shares. The stock had previously closed at $128.26.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on GNRC shares. OTR Global upgraded Generac from a "mixed" rating to a "positive" rating in a research report on Tuesday. Citigroup lifted their price target on Generac from $124.00 to $128.00 and gave the stock a "neutral" rating in a research report on Monday, February 12th. TD Cowen dropped their price target on Generac from $165.00 to $144.00 and set an "outperform" rating for the company in a research report on Thursday, February 15th. UBS Group dropped their price target on Generac from $160.00 to $150.00 and set a "buy" rating for the company in a research report on Thursday, February 15th. Finally, Roth Mkm lifted their price target on Generac from $105.00 to $118.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $139.79.

Generac Stock Up 2.3 %

The company's 50 day moving average price is $117.85 and its two-hundred day moving average price is $113.90. The company has a quick ratio of 0.94, a current ratio of 2.27 and a debt-to-equity ratio of 0.62. The stock has a market cap of $7.91 billion, a P/E ratio of 39.90, a P/E/G ratio of 2.03 and a beta of 1.45.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 14th. The technology company reported $2.07 EPS for the quarter, missing analysts' consensus estimates of $2.09 by ($0.02). The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.09 billion. Generac had a return on equity of 14.15% and a net margin of 5.33%. The business's quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm earned $1.78 EPS. As a group, research analysts expect that Generac Holdings Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $126.94, for a total value of $634,700.00. Following the completion of the transaction, the chief executive officer now owns 592,177 shares of the company's stock, valued at $75,170,948.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Generac

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bartlett & Co. LLC purchased a new stake in shares of Generac during the third quarter valued at $26,000. ICA Group Wealth Management LLC purchased a new stake in shares of Generac during the fourth quarter valued at $27,000. Headlands Technologies LLC purchased a new stake in shares of Generac during the third quarter valued at $28,000. BKM Wealth Management LLC purchased a new stake in shares of Generac during the fourth quarter valued at $28,000. Finally, Castleview Partners LLC purchased a new stake in shares of Generac during the first quarter valued at $30,000. 84.04% of the stock is owned by hedge funds and other 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.