Generac (NYSE:GNRC) Now Covered by Analysts at Jefferies Financial Group

Jefferies Financial Group started coverage on shares of Generac (NYSE:GNRC) in a research report report published on Friday morning, Marketbeat Ratings reports. The brokerage issued a hold rating and a $222.00 price objective on the technology company’s stock.

Several other equities research analysts also recently weighed in on the company. Robert W. Baird set a $292.00 price target on Generac in a report on Thursday, February 12th. TD Cowen boosted their price objective on Generac from $220.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Generac in a research report on Thursday, January 22nd. Barclays increased their target price on Generac from $186.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 12th. Finally, Roth Mkm reiterated a “neutral” rating and set a $220.00 target price on shares of Generac in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $222.06.

Generac Price Performance

GNRC stock opened at $198.93 on Friday. Generac has a 12 month low of $99.50 and a 12 month high of $241.09. The company has a current ratio of 2.03, a quick ratio of 1.00 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average price of $196.56 and a 200 day moving average price of $174.99. The stock has a market cap of $11.67 billion, a PE ratio of 74.23, a P/E/G ratio of 1.46 and a beta of 1.74.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, February 11th. The technology company reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.20). The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Generac had a return on equity of 14.55% and a net margin of 3.79%.The business’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period last year, the company earned $2.80 earnings per share. Equities research analysts anticipate that Generac will post 8 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO York A. Ragen sold 24,362 shares of Generac stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $235.61, for a total transaction of $5,739,930.82. Following the transaction, the chief financial officer owned 137,182 shares in the company, valued at approximately $32,321,451.02. This trade represents a 15.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.70% of the company’s stock.

Institutional Trading of Generac

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. MUFG Securities EMEA plc purchased a new stake in shares of Generac in the second quarter valued at about $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in Generac during the third quarter worth about $26,000. First Horizon Corp purchased a new position in Generac during the third quarter worth about $28,000. Sentry Investment Management LLC raised its stake in Generac by 69.8% during the third quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock worth $28,000 after purchasing an additional 67 shares during the period. Finally, Quent Capital LLC acquired a new position in Generac in the 3rd quarter valued at about $41,000. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Company Profile

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.