Generac (NYSE:GNRC) Stock Price Down 4.5% – What’s Next?

Generac Holdings Inc. (NYSE:GNRC) shares fell 4.5% on Tuesday . The stock traded as low as $149.17 and last traded at $148.26. 215,725 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 670,078 shares. The stock had previously closed at $155.30.

Wall Street Analyst Weigh In

A number of analysts recently commented on GNRC shares. JPMorgan Chase & Co. upped their price target on shares of Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. TD Cowen increased their target price on Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Robert W. Baird reduced their price target on Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Barclays began coverage on Generac in a report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price objective on the stock. Finally, Citigroup reduced their target price on Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $174.30.

Generac Stock Performance

The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. The company has a 50 day simple moving average of $166.18 and a 200-day simple moving average of $161.49. The firm has a market cap of $9.05 billion, a PE ratio of 31.54, a price-to-earnings-growth ratio of 1.60 and a beta of 1.42.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the company earned $1.64 EPS. The firm’s revenue was up 9.6% on a year-over-year basis. As a group, equities research analysts anticipate that Generac Holdings Inc. will post 6.91 EPS for the current year.

Insider Buying and Selling at Generac

In other Generac news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total value of $585,069.46. Following the completion of the sale, the executive vice president now owns 10,738 shares in the company, valued at approximately $1,971,282.04. This trade represents a 22.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $166.60, for a total value of $833,000.00. Following the transaction, the chief executive officer now owns 557,177 shares of the company’s stock, valued at approximately $92,825,688.20. This represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,268 shares of company stock worth $7,577,703. 2.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Generac

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Jennison Associates LLC grew its holdings in shares of Generac by 133.6% during the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock worth $104,227,000 after acquiring an additional 384,434 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Generac by 114.8% during the third quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock valued at $88,944,000 after purchasing an additional 299,205 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its stake in Generac by 5.6% in the third quarter. Disciplined Growth Investors Inc. MN now owns 385,584 shares of the technology company’s stock worth $61,262,000 after purchasing an additional 20,576 shares during the period. International Assets Investment Management LLC raised its holdings in Generac by 25,311.7% in the third quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company’s stock worth $42,433,000 after purchasing an additional 266,026 shares in the last quarter. Finally, Stephens Investment Management Group LLC lifted its position in Generac by 25.4% during the fourth quarter. Stephens Investment Management Group LLC now owns 241,114 shares of the technology company’s stock valued at $37,385,000 after buying an additional 48,765 shares during the period. Hedge funds and other institutional investors own 84.04% of the company’s stock.

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.