Recent Analysts’ Ratings Changes for Generac (GNRC)

A number of firms have modified their ratings and price targets on shares of Generac (NYSE: GNRC) recently:

• 11/1/2024 – Generac had its price target lowered by analysts at Robert W. Baird from $187.00 to $181.00. They now have a “neutral” rating on the stock.
• 11/1/2024 – Generac had its price target raised by analysts at The Goldman Sachs Group, Inc. from $148.00 to $193.00. They now have a “buy” rating on the stock.
• 11/1/2024 – Generac had its price target raised by analysts at TD Cowen from $172.00 to $183.00. They now have a “buy” rating on the stock.
• 10/28/2024 – Generac was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/22/2024 – Generac had its price target raised by analysts at Citigroup Inc. from $128.00 to $172.00. They now have a “neutral” rating on the stock.
• 10/22/2024 – Generac had its price target raised by analysts at Roth Mkm from $160.00 to $175.00. They now have a “neutral” rating on the stock.
• 10/17/2024 – Generac had its price target raised by analysts at Piper Sandler from $175.00 to $190.00. They now have an “overweight” rating on the stock.
• 10/17/2024 – Generac had its price target raised by analysts at JPMorgan Chase & Co. from $160.00 to $178.00. They now have a “neutral” rating on the stock.
• 10/16/2024 – Generac had its price target raised by analysts at Truist Financial Co. from $170.00 to $210.00. They now have a “buy” rating on the stock.
• 10/3/2024 – Generac was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 9/24/2024 – Generac had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $175.00 price target on the stock.
• 9/20/2024 – Generac was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

Generac Stock Up 1.0 %

Shares of NYSE GNRC traded up $1.87 during midday trading on Wednesday, reaching $183.68. The company’s stock had a trading volume of 945,346 shares, compared to its average volume of 953,732. The stock has a market capitalization of $11.05 billion, a price-to-earnings ratio of 38.11, a PEG ratio of 2.11 and a beta of 1.37. Generac Holdings Inc. has a fifty-two week low of $100.23 and a fifty-two week high of $188.30. The stock has a 50 day simple moving average of $157.94 and a 200-day simple moving average of $149.02. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56.

Generac (NYSE:GNRC) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.27. Generac had a return on equity of 16.70% and a net margin of 7.17%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the firm posted $1.64 earnings per share. The firm’s revenue was up 9.6% compared to the same quarter last year. Equities research analysts predict that Generac Holdings Inc. will post 6.67 earnings per share for the current year.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total value of $794,650.00. Following the transaction, the chief executive officer now owns 562,177 shares in the company, valued at approximately $89,346,790.61. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.90% of the company’s stock.

Institutional Trading of Generac

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. William Blair Investment Management LLC bought a new position in Generac during the second quarter valued at $98,282,000. International Assets Investment Management LLC boosted its stake in shares of Generac by 25,311.7% during the third quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company’s stock valued at $42,433,000 after purchasing an additional 266,026 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in shares of Generac by 831.1% during the first quarter. DAVENPORT & Co LLC now owns 240,111 shares of the technology company’s stock valued at $30,288,000 after purchasing an additional 214,322 shares in the last quarter. Stephens Investment Management Group LLC lifted its position in Generac by 678.5% during the third quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company’s stock valued at $30,560,000 after acquiring an additional 167,641 shares during the last quarter. Finally, Blair William & Co. IL lifted its position in Generac by 29.2% during the second quarter. Blair William & Co. IL now owns 457,475 shares of the technology company’s stock valued at $60,487,000 after acquiring an additional 103,439 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

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.