Generac (NYSE:GNRC) Sees Strong Trading Volume Following Analyst Upgrade

Shares of Generac Holdings Inc. (NYSE:GNRC - Get Free Report) saw unusually-strong trading volume on Tuesday after Roth Mkm raised their price target on the stock from $120.00 to $135.00. Roth Mkm currently has a neutral rating on the stock. Approximately 575,999 shares traded hands during trading, a decline of 44% from the previous session's volume of 1,033,396 shares.The stock last traded at $135.90 and had previously closed at $134.12.

Several other analysts have also issued reports on the company. Robert W. Baird upped their price objective on Generac from $112.00 to $129.00 and gave the company a "neutral" rating in a research note on Thursday, February 15th. TD Cowen reduced their price target on Generac from $165.00 to $144.00 and set an "outperform" rating on the stock in a research report on Thursday, February 15th. Guggenheim cut Generac from a "buy" rating to a "neutral" rating in a research note on Thursday, February 15th. UBS Group cut their target price on Generac from $160.00 to $150.00 and set a "buy" rating for the company in a research note on Thursday, February 15th. Finally, Citigroup upped their target price on Generac from $124.00 to $128.00 and gave the stock a "neutral" rating in a research note on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $141.65.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $126.94, for a total transaction of $634,700.00. Following the transaction, the chief executive officer now owns 592,177 shares of the company's stock, valued at approximately $75,170,948.38. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.80% of the company's stock.

Institutional Investors Weigh In On Generac

Hedge funds have recently modified their holdings of the stock. ICA Group Wealth Management LLC purchased a new position in Generac in the 4th quarter valued at approximately $27,000. BKM Wealth Management LLC purchased a new position in Generac in the 4th quarter valued at approximately $28,000. Headlands Technologies LLC purchased a new position in Generac in the 3rd quarter valued at approximately $28,000. ORG Partners LLC purchased a new position in Generac in the 4th quarter valued at approximately $38,000. Finally, Quarry LP grew its position in shares of Generac by 219.6% during the 4th quarter. Quarry LP now owns 294 shares of the technology company's stock valued at $38,000 after purchasing an additional 202 shares in the last quarter. Institutional investors own 84.04% of the company's stock.

Generac Price Performance

The business's 50-day moving average price is $121.29 and its 200 day moving average price is $116.28. The stock has a market capitalization of $8.20 billion, a PE ratio of 41.59, a price-to-earnings-growth ratio of 1.79 and a beta of 1.45. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 2.27.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.09 billion. Generac had a net margin of 5.33% and a return on equity of 14.15%. The firm's revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.78 earnings per share. Research analysts forecast that Generac Holdings Inc. will post 6.3 earnings per share for the current year.

About Generac

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.