Generac (NYSE:GNRC) was upgraded by SunTrust Banks from a “hold” rating to a “buy” rating in a report released on Wednesday, The Fly reports.

GNRC has been the subject of several other research reports. Zacks Investment Research cut Generac from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. BidaskClub upgraded Generac from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. KeyCorp increased their price objective on Generac from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, October 20th. Bank of America reiterated a “buy” rating and issued a $49.84 price objective (down previously from $58.00) on shares of Generac in a research report on Monday. Finally, Wolfe Research cut Generac from a “market perform” rating to an “underperform” rating in a research report on Monday, November 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $51.55.

Shares of Generac (NYSE:GNRC) opened at $45.03 on Wednesday. Generac has a 52 week low of $33.77 and a 52 week high of $53.78. The company has a current ratio of 1.77, a quick ratio of 1.01 and a debt-to-equity ratio of 1.92. The company has a market capitalization of $2,983.23, a P/E ratio of 23.70, a PEG ratio of 1.53 and a beta of 1.64.

Generac (NYSE:GNRC) last released its quarterly earnings results on Tuesday, February 13th. The technology company reported $1.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.17. Generac had a return on equity of 46.06% and a net margin of 7.47%. The business had revenue of $488.00 million during the quarter, compared to analysts’ expectations of $475.15 million. During the same quarter in the prior year, the business earned $1.12 earnings per share. The company’s quarterly revenue was up 16.9% compared to the same quarter last year. research analysts forecast that Generac will post 3.22 EPS for the current fiscal year.

In other Generac news, CEO Aaron Jagdfeld sold 20,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $48.54, for a total value of $970,800.00. Following the completion of the transaction, the chief executive officer now owns 969,911 shares in the company, valued at $47,079,479.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.00% of the company’s stock.

A number of institutional investors have recently bought and sold shares of GNRC. Investec Asset Management LTD acquired a new stake in Generac in the fourth quarter valued at $72,779,000. Pictet Asset Management Ltd. acquired a new stake in Generac in the third quarter valued at $40,510,000. Janus Henderson Group PLC acquired a new stake in Generac in the second quarter valued at $20,734,000. Impax Asset Management LTD grew its holdings in Generac by 29.8% in the fourth quarter. Impax Asset Management LTD now owns 1,001,490 shares of the technology company’s stock valued at $49,594,000 after purchasing an additional 230,165 shares during the last quarter. Finally, Pivot Point Capital Partners LLC acquired a new stake in Generac in the third quarter valued at $9,154,000. 96.23% of the stock is currently owned by institutional investors.

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About Generac

Generac Holdings Inc (Generac) is a designer and manufacturer of power generation equipment and other engine powered products. The Company serves the residential, light commercial, industrial, oil and gas, and construction markets. Its segments include Domestic and International. The Domestic segment includes the Generac business.

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