Generac Holdings Inc. (NYSE:GNRC) Receives $174.80 Consensus PT from Analysts

Shares of Generac Holdings Inc. (NYSE:GNRC) have earned an average recommendation of “Hold” from the twenty-one research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $174.80.

GNRC has been the topic of a number of research reports. StockNews.com upgraded Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Robert W. Baird lowered their price target on shares of Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Piper Sandler increased their price objective on shares of Generac from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Citigroup decreased their target price on shares of Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus upped their price target on Generac from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th.

Generac Stock Down 0.3 %

GNRC stock opened at $160.01 on Thursday. Generac has a 52 week low of $108.89 and a 52 week high of $195.94. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The firm has a 50-day simple moving average of $172.01 and a 200-day simple moving average of $160.40. The stock has a market capitalization of $9.52 billion, a P/E ratio of 33.20, a P/E/G ratio of 2.04 and a beta of 1.42.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, topping the consensus estimate of $1.98 by $0.27. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Generac had a return on equity of 16.70% and a net margin of 7.17%. Generac’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.64 EPS. Equities analysts forecast that Generac will post 6.84 earnings per share for the current fiscal year.

Insider Transactions at Generac

In other Generac news, CFO York A. Ragen sold 29,081 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total value of $5,372,133.13. Following the completion of the transaction, the chief financial officer now owns 135,613 shares in the company, valued at $25,051,789.49. The trade was a 17.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total value of $787,500.00. Following the completion of the sale, the chief executive officer now owns 570,825 shares in the company, valued at approximately $89,904,937.50. The trade was a 0.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,268 shares of company stock worth $7,577,703 over the last ninety days. Company insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Generac

Large investors have recently bought and sold shares of the stock. Raymond James Trust N.A. boosted its stake in shares of Generac by 52.8% in the 3rd quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company’s stock valued at $541,000 after buying an additional 1,177 shares during the period. Willis Investment Counsel grew its holdings in Generac by 18.7% during the 3rd quarter. Willis Investment Counsel now owns 105,007 shares of the technology company’s stock worth $16,684,000 after acquiring an additional 16,541 shares in the last quarter. Nordea Investment Management AB purchased a new stake in shares of Generac in the 4th quarter valued at approximately $5,229,000. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Generac by 85.9% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,021 shares of the technology company’s stock valued at $928,000 after purchasing an additional 3,244 shares in the last quarter. Finally, Global Financial Private Client LLC acquired a new stake in shares of Generac in the 4th quarter valued at $614,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

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.