Generac (NYSE:GNRC) Research Coverage Started at Jefferies Financial Group

Jefferies Financial Group began coverage on shares of Generac (NYSE:GNRC) in a research report released on Friday morning, MarketBeat reports. The brokerage issued a hold rating and a $222.00 price objective on the technology company’s stock.

GNRC has been the subject of a number of other research reports. UBS Group reiterated a “buy” rating and set a $270.00 target price on shares of Generac in a research note on Friday, February 13th. Bank of America cut their price target on Generac from $236.00 to $224.00 and set a “buy” rating on the stock in a research note on Wednesday, January 7th. Canaccord Genuity Group set a $275.00 price target on Generac in a report on Thursday, February 12th. Guggenheim reaffirmed a “neutral” rating and set a $202.00 price objective on shares of Generac in a research report on Tuesday, February 10th. Finally, Needham & Company LLC started coverage on Generac in a report on Monday, January 12th. They issued a “buy” rating and a $211.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $222.06.

Generac Stock Down 1.0%

Shares of NYSE:GNRC opened at $198.93 on Friday. Generac has a fifty-two week low of $99.50 and a fifty-two week high of $241.09. The firm’s 50 day moving average price is $196.56 and its 200 day moving average price is $174.96. The company has a quick ratio of 1.00, a current ratio of 2.03 and a debt-to-equity ratio of 0.48. The stock has a market cap of $11.67 billion, a price-to-earnings ratio of 74.23, a price-to-earnings-growth ratio of 1.45 and a beta of 1.74.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, February 11th. The technology company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.81 by ($0.20). Generac had a return on equity of 14.55% and a net margin of 3.79%.The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the firm earned $2.80 EPS. The company’s revenue was down 11.6% on a year-over-year basis. As a group, equities research analysts predict that Generac will post 8 earnings per share for the current fiscal year.

Insider Transactions at Generac

In other Generac news, CFO York A. Ragen sold 24,362 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $235.61, for a total transaction of $5,739,930.82. Following the completion of the sale, the chief financial officer directly owned 137,182 shares of the company’s stock, valued at $32,321,451.02. This represents a 15.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Generac during the third quarter worth $26,000. Sentry Investment Management LLC increased its stake in Generac by 69.8% in the 3rd quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock valued at $28,000 after buying an additional 67 shares during the period. First Horizon Corp purchased a new position in Generac during the 3rd quarter worth $28,000. MUFG Securities EMEA plc purchased a new position in Generac during the 2nd quarter worth $25,000. Finally, Quent Capital LLC acquired a new stake in shares of Generac in the 3rd quarter worth $41,000. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Generac Company Profile

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.