Generac (NYSE:GNRC) Stock Price Down 3.7% – Should You Sell?

Generac Holdings Inc. (NYSE:GNRC)’s share price was down 3.7% during trading on Thursday . The stock traded as low as $138.10 and last traded at $139.48. Approximately 870,665 shares changed hands during trading, a decline of 11% from the average daily volume of 981,726 shares. The stock had previously closed at $144.82.

Analyst Ratings Changes

Several research analysts have recently commented on the company. JPMorgan Chase & Co. raised Generac from a “neutral” rating to an “overweight” rating and set a $200.00 price objective for the company in a report on Monday, December 8th. UBS Group lowered their price objective on shares of Generac from $220.00 to $215.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Guggenheim dropped their price objective on shares of Generac from $210.00 to $202.00 and set a “buy” rating for the company in a report on Thursday, October 9th. Roth Capital set a $184.00 target price on Generac and gave the company a “neutral” rating in a research note on Thursday, October 30th. Finally, Barclays lifted their price target on Generac from $188.00 to $197.00 and gave the stock an “equal weight” rating in a research note on Friday, October 31st. Fifteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Generac presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.11.

Generac Stock Up 1.3%

The stock has a market cap of $8.14 billion, a P/E ratio of 26.44, a P/E/G ratio of 1.36 and a beta of 1.82. The company has a quick ratio of 1.02, a current ratio of 2.18 and a debt-to-equity ratio of 0.51. The company has a 50-day simple moving average of $163.09 and a two-hundred day simple moving average of $164.38.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, October 29th. The technology company reported $1.83 EPS for the quarter, missing the consensus estimate of $2.25 by ($0.42). The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Generac had a return on equity of 17.63% and a net margin of 6.92%.The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.25 earnings per share. On average, equities analysts forecast that Generac Holdings Inc. will post 8 EPS for the current year.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $166.43, for a total transaction of $832,150.00. Following the completion of the transaction, the chief executive officer owned 542,966 shares of the company’s stock, valued at $90,365,831.38. This represents a 0.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Generac

A number of hedge funds have recently modified their holdings of GNRC. Dimensional Fund Advisors LP increased its stake in shares of Generac by 18.0% during the first quarter. Dimensional Fund Advisors LP now owns 859,999 shares of the technology company’s stock valued at $108,914,000 after purchasing an additional 131,460 shares in the last quarter. Ethic Inc. grew its position in Generac by 7.9% during the 1st quarter. Ethic Inc. now owns 3,898 shares of the technology company’s stock valued at $492,000 after purchasing an additional 284 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Generac by 8.1% in the first quarter. American Century Companies Inc. now owns 66,155 shares of the technology company’s stock worth $8,379,000 after buying an additional 4,971 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Generac by 4.8% during the first quarter. Northern Trust Corp now owns 588,771 shares of the technology company’s stock valued at $74,568,000 after buying an additional 26,980 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. increased its position in shares of Generac by 21.2% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 20,459 shares of the technology company’s stock valued at $2,589,000 after acquiring an additional 3,584 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

About Generac

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.