Generac Holdings Inc. (NYSE:GNRC) has been given an average recommendation of “Hold” by the twelve brokerages that are covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $119.63.
A number of research firms have issued reports on GNRC. Stifel Nicolaus boosted their price target on Generac from $109.00 to $111.00 and gave the company a “hold” rating in a research note on Friday, May 1st. Robert W. Baird boosted their price target on Generac from $117.00 to $118.00 and gave the stock an “outperform” rating in a report on Friday, June 19th. Northcoast Research downgraded Generac from a “buy” rating to a “neutral” rating in a research note on Friday, May 29th. Canaccord Genuity reissued a “hold” rating and set a $113.00 target price on shares of Generac in a research report on Friday, May 1st. Finally, UBS Group assumed coverage on Generac in a research report on Thursday, June 25th. They set a “buy” rating and a $145.00 target price on the stock.
In related news, EVP Erik Wilde sold 10,092 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $117.07, for a total value of $1,181,470.44. Following the transaction, the executive vice president now owns 15,649 shares in the company, valued at approximately $1,832,028.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $87.44, for a total value of $437,200.00. Following the completion of the transaction, the chief executive officer now owns 689,846 shares in the company, valued at approximately $60,320,134.24. The disclosure for this sale can be found here. Insiders have sold a total of 58,978 shares of company stock valued at $6,001,485 over the last three months. 2.90% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GNRC. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Generac in the 4th quarter worth approximately $214,000. Citigroup Inc. grew its holdings in shares of Generac by 7.6% in the 4th quarter. Citigroup Inc. now owns 20,393 shares of the technology company’s stock worth $2,052,000 after acquiring an additional 1,440 shares during the period. Grantham Mayo Van Otterloo & Co. LLC acquired a new stake in shares of Generac in the 1st quarter worth approximately $503,000. Norges Bank acquired a new stake in shares of Generac in the 4th quarter worth approximately $92,058,000. Finally, Principal Financial Group Inc. grew its holdings in shares of Generac by 2,123.7% in the 1st quarter. Principal Financial Group Inc. now owns 191,127 shares of the technology company’s stock worth $17,808,000 after acquiring an additional 182,532 shares during the period. Institutional investors own 98.28% of the company’s stock.
Shares of NYSE GNRC opened at $118.88 on Friday. Generac has a one year low of $68.23 and a one year high of $123.19. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.50 and a quick ratio of 1.34. The firm’s 50 day simple moving average is $111.31 and its two-hundred day simple moving average is $103.59. The stock has a market capitalization of $7.38 billion, a P/E ratio of 30.02, a PEG ratio of 4.26 and a beta of 0.92.
Generac (NYSE:GNRC) last announced its quarterly earnings data on Thursday, April 30th. The technology company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.74 by $0.13. The business had revenue of $475.90 million during the quarter, compared to analyst estimates of $473.87 million. Generac had a return on equity of 32.73% and a net margin of 11.39%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 earnings per share. As a group, equities analysts expect that Generac will post 4.25 earnings per share for the current fiscal year.
Generac Company Profile
Generac Holdings Inc designs, manufactures, and sells power generation equipment and other power products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.
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