Generac Holdings Inc. (NYSE:GNRC) Receives $154.71 Consensus Target Price from Brokerages

Generac Holdings Inc. (NYSE:GNRC) has earned a consensus recommendation of “Hold” from the twenty-three ratings firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $154.71.

Several research firms recently weighed in on GNRC. StockNews.com downgraded Generac from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. JPMorgan Chase & Co. lifted their price target on Generac from $149.00 to $155.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 16th. Scotiabank boosted their price objective on shares of Generac from $147.00 to $160.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. The Goldman Sachs Group raised their target price on shares of Generac from $129.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Northland Securities increased their price target on shares of Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $133.39, for a total transaction of $666,950.00. Following the completion of the sale, the chief executive officer now owns 577,177 shares of the company’s stock, valued at $76,989,640.03. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Generac

Several large investors have recently made changes to their positions in GNRC. Versor Investments LP acquired a new stake in Generac in the 4th quarter valued at $452,000. Teacher Retirement System of Texas lifted its position in Generac by 91.7% during the 4th quarter. Teacher Retirement System of Texas now owns 9,183 shares of the technology company’s stock worth $1,187,000 after acquiring an additional 4,393 shares in the last quarter. DAVENPORT & Co LLC boosted its holdings in Generac by 831.1% in the 1st quarter. DAVENPORT & Co LLC now owns 240,111 shares of the technology company’s stock worth $30,288,000 after acquiring an additional 214,322 shares during the period. Capital World Investors acquired a new stake in Generac in the fourth quarter valued at approximately $155,707,000. Finally, BNP Paribas Financial Markets raised its stake in shares of Generac by 177.2% during the fourth quarter. BNP Paribas Financial Markets now owns 132,904 shares of the technology company’s stock valued at $17,177,000 after purchasing an additional 84,958 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Stock Performance

NYSE:GNRC opened at $140.77 on Friday. The firm’s fifty day simple moving average is $149.54 and its 200-day simple moving average is $138.24. The company has a quick ratio of 0.99, a current ratio of 2.25 and a debt-to-equity ratio of 0.61. The stock has a market cap of $8.53 billion, a PE ratio of 38.78, a price-to-earnings-growth ratio of 1.79 and a beta of 1.38. Generac has a fifty-two week low of $79.86 and a fifty-two week high of $169.57.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, July 31st. The technology company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.15. Generac had a net margin of 6.03% and a return on equity of 15.35%. The company had revenue of $998.20 million for the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the business posted $1.08 earnings per share. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. Analysts expect that Generac will post 6.49 earnings per share for the current fiscal year.

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.