Analysts Set Generac Holdings Inc. (NYSE:GNRC) Price Target at $174.30

Shares of Generac Holdings Inc. (NYSE:GNRC) have received a consensus recommendation of “Hold” from the twenty-one analysts that are covering the company, MarketBeat Ratings reports. One research 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 a report on the stock in the last year is $173.55.

GNRC has been the topic of several research analyst reports. Stifel Nicolaus boosted their price target on shares of Generac from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. StockNews.com raised Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Robert W. Baird dropped their price target on Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Barclays started coverage on Generac in a research note on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price target on the stock. Finally, JPMorgan Chase & Co. raised their price objective on Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the sale, the chief executive officer now owns 565,825 shares in the company, valued at approximately $82,129,498.75. This trade represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Generac

Institutional investors and hedge funds have recently modified their holdings of the company. Modus Advisors LLC bought a new position in Generac in the fourth quarter valued at about $27,000. Versant Capital Management Inc lifted its stake in shares of Generac by 391.9% in the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock worth $28,000 after purchasing an additional 145 shares during the period. Cranbrook Wealth Management LLC purchased a new position in shares of Generac in the fourth quarter worth approximately $28,000. Brooklyn Investment Group purchased a new position in shares of Generac in the third quarter worth approximately $31,000. Finally, Bank of Jackson Hole Trust bought a new stake in Generac during the fourth quarter valued at approximately $31,000. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Generac Stock Down 0.3 %

Shares of Generac stock opened at $142.22 on Monday. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. Generac has a 12-month low of $108.89 and a 12-month high of $195.94. The company has a market cap of $8.46 billion, a P/E ratio of 29.51, a PEG ratio of 1.44 and a beta of 1.42. The company’s fifty day simple moving average is $159.98 and its two-hundred day simple moving average is $160.93.

Generac Company Profile

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.