Generac (GNRC) Scheduled to Post Earnings on Wednesday

Generac (NYSE:GNRCGet Free Report) is scheduled to post its quarterly earnings results before the market opens on Wednesday, February 14th. Analysts expect Generac to post earnings of $2.10 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Generac Stock Performance

Shares of NYSE GNRC opened at $130.47 on Tuesday. The stock’s fifty day moving average price is $122.19 and its two-hundred day moving average price is $113.96. The firm has a market cap of $8.01 billion, a price-to-earnings ratio of 51.16, a P/E/G ratio of 1.73 and a beta of 1.45. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.41 and a quick ratio of 0.95. Generac has a one year low of $79.86 and a one year high of $156.95.

Wall Street Analyst Weigh In

GNRC has been the subject of several recent research reports. Roth Mkm increased their price target on Generac from $105.00 to $118.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. Guggenheim raised Generac from a “neutral” rating to a “buy” rating and set a $142.00 price target for the company in a research note on Friday, November 3rd. Citigroup increased their price target on Generac from $124.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday. Bank of America raised Generac from an “underperform” rating to a “neutral” rating and increased their price target for the company from $76.00 to $110.00 in a research note on Wednesday, November 15th. Finally, JPMorgan Chase & Co. decreased their target price on Generac from $179.00 to $164.00 and set an “overweight” rating for the company in a research note on Thursday, October 19th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.53.

Read Our Latest Stock Analysis on GNRC

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $115.22, for a total transaction of $576,100.00. Following the completion of the sale, the chief executive officer now directly owns 577,690 shares in the company, valued at $66,561,441.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $115.22, for a total transaction of $576,100.00. Following the completion of the sale, the chief executive officer now directly owns 577,690 shares in the company, valued at $66,561,441.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Rajendra Kumar Kanuru sold 250 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $116.76, for a total value of $29,190.00. Following the completion of the sale, the executive vice president now directly owns 15,618 shares in the company, valued at $1,823,557.68. The disclosure for this sale can be found here. Insiders sold 15,250 shares of company stock worth $1,825,490 over the last quarter. Corporate insiders own 2.80% of the company’s stock.

Institutional Trading of Generac

A number of large investors have recently made changes to their positions in GNRC. Castleview Partners LLC acquired a new position in shares of Generac during the 1st quarter worth about $30,000. Caisse DE Depot ET Placement DU Quebec bought a new position in Generac during the first quarter worth $35,000. Parkside Financial Bank & Trust increased its stake in Generac by 1,066.7% in the first quarter. Parkside Financial Bank & Trust now owns 140 shares of the technology company’s stock valued at $42,000 after purchasing an additional 128 shares in the last quarter. Point72 Middle East FZE bought a new stake in Generac in the fourth quarter valued at $62,000. Finally, Resources Management Corp CT ADV increased its stake in Generac by 51.6% in the second quarter. Resources Management Corp CT ADV now owns 470 shares of the technology company’s stock valued at $70,000 after purchasing an additional 160 shares in the last quarter. Institutional investors own 87.59% of the company’s stock.

Generac Company Profile

(Get Free Report)

Generac Holdings Inc designs, manufactures, and sells power generation equipment, energy storage systems, energy management devices and solutions, and other power products for the residential, light commercial, and industrial markets worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; residential storage solution consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; Mobile Link, a remote monitoring system for home standby generators; smart home solutions, such as smart thermostats and a suite of home monitoring products; smart water heater controllers; residential clean energy solutions; and portable and inverter generators; outdoor power equipment, including trimmers, field and brush mowers, log splitters, stump grinders, chipper shredders, lawn and leaf vacuums, and pressure washers and water pumps; and battery-powered turf care products.

See Also

Earnings History for Generac (NYSE:GNRC)

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