Generac Holdings Inc. (NYSE:GNRC) Receives $169.17 Average Target Price from Brokerages

Generac Holdings Inc. (NYSE:GNRC) has received a consensus rating of “Moderate Buy” from the twenty research firms that are presently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $169.17.

A number of analysts have weighed in on the stock. Stephens reaffirmed an “overweight” rating and set a $175.00 price objective on shares of Generac in a report on Tuesday, May 27th. Bank of America began coverage on Generac in a research report on Monday, March 24th. They issued a “buy” rating and a $182.00 price target on the stock. Guggenheim upgraded shares of Generac from a “sell” rating to a “neutral” rating in a research note on Monday, March 17th. Janney Montgomery Scott raised Generac from a “neutral” rating to a “buy” rating in a report on Wednesday, May 7th. Finally, TD Securities decreased their price target on Generac from $173.00 to $155.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st.

Generac Trading Up 1.2%

NYSE GNRC opened at $152.37 on Thursday. The firm’s 50-day moving average is $127.72 and its two-hundred day moving average is $134.53. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.89. Generac has a 12 month low of $99.50 and a 12 month high of $195.94. The stock has a market capitalization of $9.00 billion, a P/E ratio of 26.55, a PEG ratio of 1.37 and a beta of 1.72.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 EPS for the quarter, beating the consensus estimate of $0.99 by $0.27. Generac had a net margin of 7.68% and a return on equity of 18.90%. The business had revenue of $942.12 million during the quarter, compared to analyst estimates of $921.78 million. During the same quarter last year, the firm posted $0.88 earnings per share. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Generac will post 8 earnings per share for the current year.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $142.40, for a total value of $712,000.00. Following the sale, the chief executive officer owned 562,966 shares of the company’s stock, valued at approximately $80,166,358.40. This trade represents a 0.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Generac

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Generac by 2.0% during the first quarter. Vanguard Group Inc. now owns 6,932,913 shares of the technology company’s stock worth $878,053,000 after acquiring an additional 137,363 shares during the period. Boston Partners raised its holdings in shares of Generac by 39.0% in the 4th quarter. Boston Partners now owns 1,903,297 shares of the technology company’s stock worth $295,123,000 after purchasing an additional 533,612 shares in the last quarter. Ariel Investments LLC boosted its holdings in Generac by 10.1% during the first quarter. Ariel Investments LLC now owns 1,615,878 shares of the technology company’s stock worth $204,651,000 after buying an additional 148,551 shares in the last quarter. Geode Capital Management LLC grew its position in Generac by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 1,441,772 shares of the technology company’s stock worth $223,293,000 after buying an additional 14,844 shares during the last quarter. Finally, Invesco Ltd. grew its position in Generac by 25.3% in the first quarter. Invesco Ltd. now owns 1,414,514 shares of the technology company’s stock worth $179,148,000 after buying an additional 285,388 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors.

About Generac

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.