Generac Holdings Inc. (NYSE:GNRC) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Generac Holdings Inc. (NYSE:GNRC) have earned a consensus rating of “Moderate Buy” from the twenty-three analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $142.40.

A number of brokerages recently issued reports on GNRC. TD Cowen decreased their price objective on shares of Generac from $165.00 to $144.00 and set an “outperform” rating for the company in a report on Thursday, February 15th. Citigroup upped their price target on shares of Generac from $124.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Roth Mkm upped their price target on shares of Generac from $120.00 to $135.00 and gave the company a “neutral” rating in a report on Tuesday, April 23rd. Robert W. Baird upped their price target on shares of Generac from $112.00 to $129.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Finally, UBS Group decreased their price target on shares of Generac from $160.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, February 15th.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $139.95, for a total transaction of $699,750.00. Following the completion of the sale, the chief executive officer now owns 587,177 shares of the company’s stock, valued at $82,175,421.15. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.80% of the company’s stock.

Institutional Trading of Generac

A number of hedge funds and other institutional investors have recently modified their holdings of GNRC. Commonwealth Equity Services LLC increased its holdings in shares of Generac by 18.2% in the third quarter. Commonwealth Equity Services LLC now owns 75,881 shares of the technology company’s stock valued at $8,268,000 after purchasing an additional 11,704 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Generac by 9.5% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 14,942 shares of the technology company’s stock valued at $1,628,000 after acquiring an additional 1,300 shares during the last quarter. Xponance Inc. boosted its stake in Generac by 5.9% in the third quarter. Xponance Inc. now owns 9,675 shares of the technology company’s stock valued at $1,054,000 after acquiring an additional 540 shares during the last quarter. Raymond James & Associates boosted its stake in Generac by 6.2% in the third quarter. Raymond James & Associates now owns 148,479 shares of the technology company’s stock valued at $16,178,000 after acquiring an additional 8,634 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in Generac by 11.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 73,797 shares of the technology company’s stock valued at $8,041,000 after acquiring an additional 7,644 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Trading Up 3.7 %

NYSE GNRC opened at $133.38 on Friday. Generac has a 1-year low of $79.86 and a 1-year high of $156.95. The company has a current ratio of 2.29, a quick ratio of 0.94 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $8.06 billion, a PE ratio of 36.74, a price-to-earnings-growth ratio of 1.74 and a beta of 1.41. The firm’s fifty day simple moving average is $124.48 and its 200-day simple moving average is $118.08.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.16. The business had revenue of $889.27 million for the quarter, compared to the consensus estimate of $886.60 million. Generac had a net margin of 5.68% and a return on equity of 14.68%. Generac’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.63 earnings per share. As a group, sell-side analysts anticipate that Generac will post 6.12 earnings per share for the current fiscal year.

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.