Generac (NYSE:GNRC) Reaches New 1-Year High – Still a Buy?

Generac Holdings Inc. (NYSE:GNRCGet Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $200.41 and last traded at $196.56, with a volume of 833075 shares trading hands. The stock had previously closed at $196.25.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GNRC. Janney Montgomery Scott upgraded shares of Generac from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 7th. UBS Group restated a “buy” rating and set a $220.00 target price (up previously from $200.00) on shares of Generac in a research note on Thursday, July 31st. Stephens restated an “overweight” rating and set a $175.00 target price on shares of Generac in a research note on Tuesday, May 27th. Canaccord Genuity Group lowered their target price on shares of Generac from $200.00 to $180.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Finally, TD Securities lowered their target price on shares of Generac from $173.00 to $155.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $170.06.

View Our Latest Report on Generac

Generac Stock Performance

The company has a market cap of $11.53 billion, a P/E ratio of 32.65, a PEG ratio of 1.56 and a beta of 1.68. The business’s 50 day simple moving average is $150.66 and its 200 day simple moving average is $135.81. The company has a current ratio of 2.00, a quick ratio of 0.88 and a debt-to-equity ratio of 0.50.

Generac (NYSE:GNRCGet Free Report) last released its earnings results on Wednesday, July 30th. The technology company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.32. Generac had a net margin of 7.91% and a return on equity of 19.14%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the business earned $1.35 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. Sell-side analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $142.40, for a total transaction of $712,000.00. Following the sale, the chief executive officer owned 562,966 shares in the company, valued at approximately $80,166,358.40. This trade represents a 0.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Generac

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nebula Research & Development LLC bought a new stake in Generac during the 4th quarter worth approximately $3,638,000. Pinebridge Investments L.P. raised its stake in Generac by 28.1% during the 4th quarter. Pinebridge Investments L.P. now owns 68,993 shares of the technology company’s stock worth $10,697,000 after acquiring an additional 15,147 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Generac by 19.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,311 shares of the technology company’s stock valued at $929,000 after buying an additional 1,195 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Generac during the first quarter valued at approximately $245,000. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of Generac by 15.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 25,520 shares of the technology company’s stock valued at $3,232,000 after buying an additional 3,345 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

About Generac

(Get Free Report)

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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