Generac (GNRC) Downgraded to “Market Perform” at William Blair

Generac (NYSE:GNRC) was downgraded by equities researchers at William Blair from an “outperform” rating to a “market perform” rating in a note issued to investors on Wednesday, The Fly reports.

Several other equities analysts have also issued reports on GNRC. Goldman Sachs Group raised Generac from a “sell” rating to a “neutral” rating in a research note on Thursday, October 18th. Robert W. Baird upped their price objective on Generac from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, November 2nd. ValuEngine downgraded Generac from a “hold” rating to a “sell” rating in a report on Friday, November 2nd. Finally, Zacks Investment Research downgraded Generac from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 8th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $56.61.

Generac stock opened at $52.83 on Wednesday. The company has a current ratio of 1.88, a quick ratio of 0.98 and a debt-to-equity ratio of 1.23. Generac has a 52 week low of $42.96 and a 52 week high of $60.70. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 15.54, a price-to-earnings-growth ratio of 1.78 and a beta of 1.23.

In related news, CEO Aaron Jagdfeld sold 20,000 shares of the stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $50.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the chief executive officer now directly owns 780,271 shares of the company’s stock, valued at $39,013,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO York A. Ragen sold 36,000 shares of the stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $54.84, for a total value of $1,974,240.00. Following the transaction, the chief financial officer now directly owns 185,108 shares of the company’s stock, valued at $10,151,322.72. The disclosure for this sale can be found here. Insiders have sold 96,000 shares of company stock valued at $5,165,240 over the last ninety days. 3.00% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Morgan Stanley boosted its position in Generac by 67.4% during the third quarter. Morgan Stanley now owns 360,592 shares of the technology company’s stock valued at $20,341,000 after purchasing an additional 145,150 shares during the last quarter. GAM Holding AG lifted its position in shares of Generac by 59.7% in the third quarter. GAM Holding AG now owns 30,965 shares of the technology company’s stock valued at $1,747,000 after buying an additional 11,570 shares during the last quarter. Schroder Investment Management Group lifted its position in shares of Generac by 70.9% in the third quarter. Schroder Investment Management Group now owns 908,090 shares of the technology company’s stock valued at $51,225,000 after buying an additional 376,821 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Generac by 25.3% in the third quarter. First Trust Advisors LP now owns 241,047 shares of the technology company’s stock valued at $13,597,000 after buying an additional 48,721 shares during the last quarter. Finally, We Are One Seven LLC lifted its position in shares of Generac by 74.2% in the fourth quarter. We Are One Seven LLC now owns 8,880 shares of the technology company’s stock valued at $441,000 after buying an additional 3,781 shares during the last quarter. 96.82% of the stock is owned by hedge funds and other institutional investors.

About Generac

Generac Holdings Inc designs, manufactures, and sells power generation equipment and other engine powered products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.

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