Generac Holdings Inc. (NYSE:GNRC) Stock Rated “Moderate Buy” by Wall Street Analysts

Generac Holdings Inc. (NYSE:GNRC) has been assigned an average recommendation of “Moderate Buy” from the twenty-two research firms that are currently covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $290.55.

A number of research firms recently commented on GNRC. Robert W. Baird set a $305.00 price objective on shares of Generac in a report on Thursday, July 30th. TD Cowen raised shares of Generac to a “strong-buy” rating in a report on Monday, October 5th. Wall Street Zen raised shares of Generac from a “buy” rating to a “strong-buy” rating in a report on Saturday. KeyCorp upgraded shares of Generac from a “sector weight” rating to an “overweight” rating and set a $280.00 price target for the company in a research report on Thursday, October 8th. Finally, UBS Group reiterated a “buy” rating on shares of Generac in a research report on Friday, September 25th.

Generac Trading Up 0.6%

NYSE GNRC opened at $194.44 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 2.04. The firm has a market cap of $11.47 billion, a price-to-earnings ratio of 44.80, a PEG ratio of 1.65 and a beta of 1.91. The firm has a 50 day simple moving average of $201.81 and a 200-day simple moving average of $227.08. Generac has a one year low of $134.80 and a one year high of $296.44.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.90. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.18 billion. Generac had a return on equity of 17.83% and a net margin of 5.82%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.65 EPS. Equities research analysts anticipate that Generac will post 9.74 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Kyle Raabe sold 603 shares of the company’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $212.57, for a total value of $128,179.71. Following the sale, the insider owned 9,966 shares in the company, valued at $2,118,472.62. This represents a 5.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $206.00, for a total value of $1,030,000.00. Following the completion of the transaction, the chief executive officer directly owned 544,528 shares of the company’s stock, valued at $112,172,768. The trade was a 0.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 18,442 shares of company stock worth $3,656,537 in the last quarter. Company insiders own 2.40% of the company’s stock.

Institutional Trading of Generac

A number of institutional investors have recently bought and sold shares of GNRC. Callan Family Office LLC acquired a new position in shares of Generac during the 2nd quarter worth $3,033,000. Hsbc Holdings PLC boosted its position in shares of Generac by 42.8% in the 4th quarter. Hsbc Holdings PLC now owns 93,080 shares of the technology company’s stock worth $12,711,000 after buying an additional 27,893 shares in the last quarter. Patton Fund Management Inc. purchased a new stake in shares of Generac in the 1st quarter worth about $3,797,000. Tidal Investments LLC boosted its position in shares of Generac by 94.3% in the 2nd quarter. Tidal Investments LLC now owns 55,302 shares of the technology company’s stock worth $16,193,000 after buying an additional 26,836 shares in the last quarter. Finally, Maverick Capital Ltd. acquired a new stake in Generac in the 1st quarter valued at about $1,267,000. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Generac Company Profile

Generac Holdings Inc is a technology and energy solutions company that designs and manufactures power generation equipment and other energy-related products. Its offerings include standby and portable generators, commercial and industrial power systems, energy storage solutions, and products that help customers manage and monitor energy use.

The company serves residential, commercial, industrial, and utility customers. Its products are used for backup power, prime power, and distributed energy applications across homes, businesses, data centers, healthcare facilities, construction sites, and other critical operations.