Brokerages Set Generac Holdings Inc. (NYSE:GNRC) Price Target at $142.40

Generac Holdings Inc. (NYSE:GNRC) has been given a consensus rating of “Moderate Buy” by the twenty-three ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $142.40.

Several brokerages have commented on GNRC. OTR Global upgraded shares of Generac from a “mixed” rating to a “positive” rating in a research note on Tuesday, April 2nd. Guggenheim cut shares of Generac from a “buy” rating to a “neutral” rating in a research note on Thursday, February 15th. Oppenheimer lifted their price objective on shares of Generac from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Canaccord Genuity Group lifted their price objective on shares of Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, 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 research note on Thursday, February 15th.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $139.95, for a total value 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 approximately $82,175,421.15. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Generac

Large investors have recently modified their holdings of the business. ICA Group Wealth Management LLC purchased a new stake in shares of Generac during the fourth quarter worth $27,000. Headlands Technologies LLC purchased a new stake in shares of Generac in the third quarter valued at about $28,000. BKM Wealth Management LLC purchased a new stake in shares of Generac in the fourth quarter valued at about $28,000. ORG Partners LLC purchased a new stake in shares of Generac in the fourth quarter valued at about $38,000. Finally, Quarry LP grew its holdings in shares of Generac by 219.6% in the fourth quarter. Quarry LP now owns 294 shares of the technology company’s stock valued at $38,000 after purchasing an additional 202 shares during the period. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Stock Up 0.5 %

GNRC stock opened at $137.16 on Friday. The firm has a 50 day moving average of $126.02 and a 200 day moving average of $119.13. The stock has a market capitalization of $8.29 billion, a PE ratio of 37.79, a price-to-earnings-growth ratio of 1.82 and a beta of 1.41. The company has a quick ratio of 0.97, a current ratio of 2.29 and a debt-to-equity ratio of 0.61. Generac has a 52 week low of $79.86 and a 52 week high of $156.95.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, May 1st. The technology company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.16. Generac had a net margin of 5.68% and a return on equity of 14.68%. The company had revenue of $889.27 million during the quarter, compared to analysts’ expectations of $886.60 million. During the same period last year, the business earned $0.63 EPS. Generac’s revenue for the quarter was up .2% on a year-over-year basis. Sell-side analysts forecast that Generac will post 6.1 earnings per share for the current year.

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.