Generac Holdings Inc. (NYSE:GNRC) Receives Consensus Recommendation of “Hold” from Analysts

Generac Holdings Inc. (NYSE:GNRC) has earned an average recommendation of “Hold” from the twenty-one brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $174.00.

Several brokerages have recently issued reports on GNRC. Robert W. Baird decreased their price target on shares of Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Wells Fargo & Company decreased their price target on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. UBS Group boosted their price target on shares of Generac from $200.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Piper Sandler decreased their price target on shares of Generac from $185.00 to $175.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Finally, Truist Financial reduced their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, January 16th.

Generac Price Performance

GNRC opened at $130.91 on Friday. The company has a fifty day moving average price of $148.99 and a two-hundred day moving average price of $159.71. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. Generac has a 52 week low of $110.35 and a 52 week high of $195.94. The firm has a market capitalization of $7.80 billion, a PE ratio of 24.24, a P/E/G ratio of 1.44 and a beta of 1.42.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. As a group, analysts anticipate that Generac will post 8 earnings per share for the current year.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total value of $787,500.00. Following the sale, the chief executive officer now directly owns 570,825 shares of the company’s stock, valued at approximately $89,904,937.50. This represents a 0.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Generac

A number of institutional investors and hedge funds have recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Generac in the 4th quarter valued at about $3,886,000. Heck Capital Advisors LLC bought a new stake in shares of Generac in the 4th quarter valued at about $272,000. Integrated Advisors Network LLC raised its holdings in Generac by 18.9% in the 4th quarter. Integrated Advisors Network LLC now owns 2,734 shares of the technology company’s stock valued at $424,000 after acquiring an additional 434 shares during the period. Ascent Group LLC raised its holdings in Generac by 2.7% in the 4th quarter. Ascent Group LLC now owns 4,506 shares of the technology company’s stock valued at $699,000 after acquiring an additional 120 shares during the period. Finally, Gould Capital LLC bought a new position in Generac in the 4th quarter valued at about $788,000. 84.04% of the stock is owned by institutional investors.

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.