Generac (NYSE:GNRC) Sees Large Volume Increase After Analyst Upgrade

Shares of Generac Holdings Inc. (NYSE:GNRC) saw an uptick in trading volume on Tuesday after Roth Mkm raised their price target on the stock from $120.00 to $135.00. Roth Mkm currently has a neutral rating on the stock. 575,999 shares traded hands during trading, a decline of 44% from the previous session’s volume of 1,033,396 shares.The stock last traded at $135.90 and had previously closed at $134.12.

A number of other research firms have also recently commented on GNRC. Canaccord Genuity Group upped their target price on Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, April 5th. OTR Global raised Generac from a “mixed” rating to a “positive” rating in a research note on Tuesday, April 2nd. Guggenheim cut Generac from a “buy” rating to a “neutral” rating in a research report on Thursday, February 15th. UBS Group dropped their target price on Generac from $160.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. Finally, Canaccord Genuity Group increased their target price on Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.65.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $126.94, for a total transaction of $634,700.00. Following the sale, the chief executive officer now directly owns 592,177 shares of the company’s stock, valued at approximately $75,170,948.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Generac

Institutional investors have recently modified their holdings of the business. ICA Group Wealth Management LLC acquired a new stake in shares of Generac during the 4th quarter valued at about $27,000. BKM Wealth Management LLC acquired a new stake in shares of Generac during the 4th quarter valued at about $28,000. Headlands Technologies LLC acquired a new stake in shares of Generac during the 3rd quarter valued at about $28,000. ORG Partners LLC acquired a new stake in shares of Generac during the 4th quarter valued at about $38,000. Finally, Quarry LP boosted its holdings in Generac by 219.6% in the 4th quarter. Quarry LP now owns 294 shares of the technology company’s stock worth $38,000 after buying an additional 202 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Trading Up 1.5 %

The company has a current ratio of 2.27, a quick ratio of 0.94 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $8.20 billion, a price-to-earnings ratio of 41.37, a PEG ratio of 1.79 and a beta of 1.45. The company has a fifty day moving average of $121.53 and a 200-day moving average of $116.52.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, February 14th. The technology company reported $2.07 earnings per share for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.02). Generac had a return on equity of 14.15% and a net margin of 5.33%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the business earned $1.78 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Generac Holdings Inc. will post 6.3 earnings per share for the current fiscal year.

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.