Weiss Ratings Reiterates Hold (C) Rating for Generac (NYSE:GNRC)

Generac (NYSE:GNRC - Get Free Report)'s stock had its "hold (c)" rating reissued by investment analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Other equities research analysts also recently issued research reports about the company. UBS Group reissued a "buy" rating and set a $220.00 target price (up previously from $200.00) on shares of Generac in a report on Thursday, July 31st. JPMorgan Chase & Co. lifted their target price on Generac from $165.00 to $180.00 and gave the stock a "neutral" rating in a report on Friday, September 19th. Roth Capital lifted their target price on Generac from $122.00 to $140.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. 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. Finally, Wells Fargo & Company lifted their target price on Generac from $128.00 to $180.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Twelve analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, Generac has an average rating of "Moderate Buy" and a consensus price target of $183.44.

Generac Stock Up 2.4%

GNRC opened at $171.00 on Wednesday. Generac has a 1-year low of $99.50 and a 1-year high of $203.25. The stock's fifty day simple moving average is $184.09 and its 200 day simple moving average is $148.23. The company has a current ratio of 2.00, a quick ratio of 0.88 and a debt-to-equity ratio of 0.50. The stock has a market cap of $10.03 billion, a PE ratio of 28.41, a price-to-earnings-growth ratio of 1.33 and a beta of 1.64.

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

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $167.42, for a total value of $837,100.00. Following the transaction, the chief executive officer owned 547,966 shares in the company, valued at $91,740,467.72. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Generac

Several hedge funds and other institutional investors have recently made changes to their positions in GNRC. Farther Finance Advisors LLC grew its holdings in shares of Generac by 83.4% during the first quarter. Farther Finance Advisors LLC now owns 1,102 shares of the technology company's stock worth $139,000 after purchasing an additional 501 shares during the last quarter. Integrated Advisors Network LLC grew its holdings in shares of Generac by 4.9% during the first quarter. Integrated Advisors Network LLC now owns 2,868 shares of the technology company's stock worth $363,000 after purchasing an additional 134 shares during the last quarter. CX Institutional bought a new stake in shares of Generac during the first quarter worth about $185,000. Azzad Asset Management Inc. ADV bought a new stake in shares of Generac during the first quarter worth about $2,000,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Generac by 151.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 18,670 shares of the technology company's stock worth $2,365,000 after purchasing an additional 11,252 shares during the last quarter. 84.04% of the stock is currently owned by 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.

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