Generac Holdings Inc. (NYSE:GNRC) Given Average Rating of “Moderate Buy” by Analysts

Shares of Generac Holdings Inc. (NYSE:GNRC) have been assigned an average recommendation of “Moderate Buy” from the twenty-one ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $191.0556.

Several research analysts recently issued reports on the company. Wall Street Zen downgraded Generac from a “buy” rating to a “hold” rating in a research report on Sunday, September 28th. UBS Group cut their price target on Generac from $220.00 to $215.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Citigroup cut their price target on Generac from $217.00 to $207.00 and set a “neutral” rating for the company in a report on Monday. JPMorgan Chase & Co. boosted their price target on Generac from $180.00 to $196.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Finally, TD Cowen boosted their price target on Generac from $155.00 to $198.00 and gave the company a “buy” rating in a report on Thursday, July 31st.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $167.42, for a total value of $837,100.00. Following the completion of the transaction, the chief executive officer directly owned 547,966 shares in the company, valued at approximately $91,740,467.72. The trade was a 0.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GNRC. Invesco Ltd. grew its stake in shares of Generac by 40.9% during the 2nd quarter. Invesco Ltd. now owns 1,992,447 shares of the technology company’s stock valued at $285,338,000 after buying an additional 577,933 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in shares of Generac during the 3rd quarter valued at $70,744,000. Norges Bank purchased a new stake in shares of Generac during the 2nd quarter valued at $53,138,000. Federated Hermes Inc. grew its stake in shares of Generac by 63.5% during the 2nd quarter. Federated Hermes Inc. now owns 749,347 shares of the technology company’s stock valued at $107,314,000 after buying an additional 291,012 shares during the period. Finally, Ninety One UK Ltd purchased a new stake in shares of Generac during the 3rd quarter valued at $46,910,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Trading Down 4.3%

Shares of Generac stock opened at $156.64 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.18 and a quick ratio of 0.88. Generac has a 1 year low of $99.50 and a 1 year high of $203.25. The company has a market capitalization of $9.19 billion, a P/E ratio of 29.84, a P/E/G ratio of 1.53 and a beta of 1.64. The business has a 50 day moving average price of $178.64 and a 200 day moving average price of $157.31.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, October 29th. The technology company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.42). Generac had a return on equity of 17.63% and a net margin of 6.92%.The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the firm earned $2.25 earnings per share. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. Generac has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Generac will post 8 EPS 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.