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

Generac Holdings Inc. (NYSE:GNRC) has received a consensus recommendation of “Moderate Buy” from the eighteen analysts that are covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $284.1765.

A number of equities analysts have recently commented on GNRC shares. Barclays increased their price objective on shares of Generac from $228.00 to $285.00 and gave the stock an “equal weight” rating in a research note on Monday, June 29th. UBS Group raised their price target on Generac from $305.00 to $335.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. TD Cowen boosted their price target on Generac from $255.00 to $285.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Raymond James Financial set a $302.00 price objective on Generac in a report on Friday, May 22nd. Finally, Canaccord Genuity Group boosted their target price on shares of Generac from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Thursday, April 30th.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $272.18, for a total value of $1,360,900.00. Following the completion of the sale, the chief executive officer directly owned 564,528 shares in the company, valued at approximately $153,653,231.04. 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $256.00, for a total value of $140,800.00. Following the transaction, the insider directly owned 15,808 shares in the company, valued at approximately $4,046,848. This trade represents a 3.36% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,100 shares of company stock worth $1,651,443 over the last 90 days. 2.40% of the stock is owned by company insiders.

Institutional Trading of Generac

Several hedge funds and other institutional investors have recently modified their holdings of GNRC. Invesco Ltd. lifted its position in Generac by 49.9% during the fourth quarter. Invesco Ltd. now owns 2,423,971 shares of the technology company’s stock worth $330,557,000 after acquiring an additional 806,430 shares during the last quarter. State Street Corp lifted its holdings in Generac by 2.1% during the 2nd quarter. State Street Corp now owns 2,189,927 shares of the technology company’s stock worth $313,619,000 after purchasing an additional 45,592 shares during the last quarter. Boston Partners boosted its stake in Generac by 7.1% in the 3rd quarter. Boston Partners now owns 1,947,332 shares of the technology company’s stock valued at $326,003,000 after purchasing an additional 128,439 shares during the period. Geode Capital Management LLC grew its holdings in Generac by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,490,876 shares of the technology company’s stock valued at $202,943,000 after buying an additional 6,332 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Generac by 20.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,104,362 shares of the technology company’s stock worth $184,870,000 after buying an additional 189,457 shares during the period. Institutional investors own 84.04% of the company’s stock.

Generac Stock Down 0.4%

GNRC stock opened at $214.55 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.03 and a quick ratio of 0.99. The stock has a market capitalization of $12.63 billion, a P/E ratio of 67.26, a P/E/G ratio of 2.02 and a beta of 1.89. Generac has a fifty-two week low of $134.80 and a fifty-two week high of $296.44. The business has a 50-day moving average of $262.15 and a 200-day moving average of $220.15.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, April 29th. The technology company reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.47. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. Generac had a return on equity of 15.45% and a net margin of 4.37%.The business’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.26 EPS. On average, sell-side analysts anticipate that Generac will post 8.91 earnings per share for the current fiscal year.

About Generac

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.