Generac Holdings Inc. (NYSE:GNRC) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Generac Holdings Inc. (NYSE:GNRC) have been given an average rating of “Moderate Buy” by the eighteen ratings firms that are covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $278.6471.

A number of research firms recently weighed in on GNRC. Citigroup increased their price target on Generac from $226.00 to $263.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Needham & Company LLC restated a “buy” rating on shares of Generac in a research report on Tuesday, June 2nd. Stephens reissued an “overweight” rating and set a $290.00 target price on shares of Generac in a research note on Thursday, May 21st. Zacks Research lowered Generac from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 4th. Finally, Raymond James Financial set a $302.00 price target on Generac in a report on Friday, May 22nd.

Generac Price Performance

Shares of NYSE:GNRC opened at $295.79 on Thursday. The company has a quick ratio of 0.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.47. Generac has a fifty-two week low of $126.72 and a fifty-two week high of $296.03. The firm has a 50-day simple moving average of $253.22 and a 200 day simple moving average of $207.25. The company has a market cap of $17.41 billion, a PE ratio of 92.72, a P/E/G ratio of 2.61 and a beta of 1.93.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.47. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. Generac had a return on equity of 15.45% and a net margin of 4.37%.The firm’s revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.26 EPS. On average, sell-side analysts anticipate that Generac will post 8.91 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $272.18, for a total value of $1,360,900.00. Following the completion of the sale, the chief executive officer owned 564,528 shares in the company, valued at approximately $153,653,231.04. This trade represents a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $272.26, for a total value of $149,743.00. Following the completion of the transaction, the insider owned 16,108 shares of the company’s stock, valued at $4,385,564.08. The trade was a 3.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.40% of the stock is owned by insiders.

Institutional Trading of Generac

A number of hedge funds and other institutional investors have recently modified their holdings of GNRC. MUFG Securities EMEA plc acquired a new stake in Generac during the 2nd quarter worth $25,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Generac in the 3rd quarter valued at $26,000. Avalon Trust Co acquired a new position in shares of Generac in the 1st quarter valued at approximately $32,000. Essential Partners LLC grew its position in shares of Generac by 57.0% in the 1st quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock valued at $33,000 after purchasing an additional 61 shares during the period. Finally, GHP Investment Advisors Inc. acquired a new position in Generac in the 1st quarter worth $36,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Company Profile

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.