Generac Holdings Inc. (NYSE:GNRC) shares fell 6.2% on Tuesday . The stock traded as low as $44.28 and last traded at $45.03. 2,052,213 shares changed hands during trading, an increase of 322% from the average session volume of 486,230 shares. The stock had previously closed at $47.99.

Several research firms recently weighed in on GNRC. Bank of America restated a “buy” rating and set a $49.84 price target (down previously from $58.00) on shares of Generac in a research report on Monday. Zacks Investment Research downgraded shares of Generac from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. Wolfe Research downgraded shares of Generac from a “market perform” rating to an “underperform” rating in a research report on Monday, November 20th. ValuEngine downgraded shares of Generac from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $48.00 price objective on shares of Generac in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. Generac presently has a consensus rating of “Hold” and a consensus price target of $52.12.

The firm has a market capitalization of $2,850.00, a price-to-earnings ratio of 23.58, a P/E/G ratio of 1.49 and a beta of 1.57. The company has a current ratio of 1.77, a quick ratio of 1.01 and a debt-to-equity ratio of 1.92.

Generac (NYSE:GNRC) last released its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.37 EPS for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.17. The company had revenue of $488.00 million during the quarter, compared to the consensus estimate of $475.15 million. Generac had a net margin of 7.47% and a return on equity of 46.06%. Generac’s quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.12 EPS. equities analysts anticipate that Generac Holdings Inc. will post 3.22 earnings per share for the current year.

In other Generac news, CEO Aaron Jagdfeld sold 20,000 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $48.54, for a total value of $970,800.00. Following the completion of the sale, the chief executive officer now owns 969,911 shares in the company, valued at approximately $47,079,479.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in GNRC. IFP Advisors Inc increased its holdings in shares of Generac by 26,222.2% during the 3rd quarter. IFP Advisors Inc now owns 2,369 shares of the technology company’s stock worth $109,000 after buying an additional 2,360 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in shares of Generac during the 3rd quarter worth approximately $175,000. Financial Gravity Companies Inc. acquired a new stake in shares of Generac during the 4th quarter worth approximately $190,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Generac during the 4th quarter worth approximately $193,000. Finally, Rothschild Investment Corp IL acquired a new stake in shares of Generac during the 4th quarter worth approximately $203,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

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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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