Wall Street Zen Downgrades Generac (NYSE:GNRC) to Hold

Key Points

• Generac Holdings Inc. has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, reflecting a shift in investor sentiment.
• The stock has a current price target consensus of $184.11, with a mix of ratings including twelve "buy" and seven "hold" ratings from various analysts.
• Generac recently reported quarterly earnings of $1.65 per share, exceeding expectations, while total revenue reached $1.06 billion, signifying a 6.3% year-over-year growth.

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

GNRC has been the topic of a number of other reports. UBS Group restated a "buy" rating and issued a $220.00 price target (up from $200.00) on shares of Generac in a research note on Thursday, July 31st. Stifel Nicolaus boosted 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. Roth Capital lifted their price objective on Generac from $122.00 to $140.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Barclays set a $200.00 price target on Generac and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Finally, JPMorgan Chase & Co. lifted their price objective on Generac from $165.00 to $180.00 and gave the stock a "neutral" rating in a research report on Friday, September 19th. Twelve equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $184.11.

Generac Price Performance

Shares of Generac stock opened at $168.42 on Friday. The company has a quick ratio of 0.88, a current ratio of 2.00 and a debt-to-equity ratio of 0.50. Generac has a twelve month low of $99.50 and a twelve month high of $203.25. The business has a 50-day moving average price of $182.37 and a 200 day moving average price of $146.36. The firm has a market cap of $9.88 billion, a PE ratio of 27.98, a P/E/G ratio of 1.35 and a beta of 1.63.

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

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $181.21, for a total value of $906,050.00. Following the completion of the transaction, the chief executive officer owned 552,966 shares of the company's stock, valued at approximately $100,202,968.86. This trade represents a 0.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.70% of the company's stock.

Institutional Trading of Generac

Several hedge funds and other institutional investors have recently bought and sold shares of GNRC. MassMutual Private Wealth & Trust FSB boosted its position in shares of Generac by 81.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company's stock valued at $25,000 after acquiring an additional 77 shares in the last quarter. MUFG Securities EMEA plc bought a new position in Generac during the 2nd quarter valued at about $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Generac during the 1st quarter valued at about $28,000. Creative Capital Management Investments LLC lifted its holdings in Generac by 740.7% during the 2nd quarter. Creative Capital Management Investments LLC now owns 227 shares of the technology company's stock valued at $33,000 after purchasing an additional 200 shares during the last quarter. Finally, Legend Financial Advisors Inc. bought a new position in Generac during the 2nd quarter valued at about $36,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

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.

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