Generac Holdings Inc. (NYSE:GNRC) Receives $175.30 Consensus PT from Analysts

Generac Holdings Inc. (NYSE:GNRC) has been assigned an average rating of “Hold” from the twenty-one ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $175.30.

A number of research analysts recently commented on GNRC shares. JPMorgan Chase & Co. upped their target price on Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Barclays initiated coverage on Generac in a research report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price target on the stock. The Goldman Sachs Group raised their price objective on shares of Generac from $148.00 to $193.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Roth Mkm lifted their target price on Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, TD Cowen boosted their price target on shares of Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a research note on Friday, November 1st.

Generac Stock Down 1.2 %

Generac stock opened at $165.11 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. Generac has a fifty-two week low of $108.89 and a fifty-two week high of $195.94. The firm has a fifty day moving average price of $177.34 and a two-hundred day moving average price of $157.58. The firm has a market cap of $9.82 billion, a price-to-earnings ratio of 34.27, a P/E/G ratio of 2.09 and a beta of 1.39.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.27. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. Generac’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the company posted $1.64 earnings per share. As a group, analysts forecast that Generac will post 6.84 earnings per share for the current year.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total transaction of $794,650.00. Following the sale, the chief executive officer now directly owns 562,177 shares of the company’s stock, valued at approximately $89,346,790.61. This represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO York A. Ragen sold 29,081 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the completion of the sale, the chief financial officer now directly owns 135,613 shares in the company, valued at approximately $25,051,789.49. The trade was a 17.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,268 shares of company stock valued at $7,584,853. 2.90% of the stock is owned by corporate insiders.

Institutional Trading of Generac

Hedge funds have recently made changes to their positions in the business. Empirical Finance LLC boosted its holdings in shares of Generac by 4.1% during the 3rd quarter. Empirical Finance LLC now owns 1,689 shares of the technology company’s stock worth $268,000 after buying an additional 66 shares during the period. Duncker Streett & Co. Inc. boosted its holdings in shares of Generac by 2.4% during the second quarter. Duncker Streett & Co. Inc. now owns 2,932 shares of the technology company’s stock worth $388,000 after acquiring an additional 68 shares during the period. Johnson Investment Counsel Inc. grew its position in shares of Generac by 0.3% in the second quarter. Johnson Investment Counsel Inc. now owns 22,549 shares of the technology company’s stock valued at $2,981,000 after purchasing an additional 75 shares during the last quarter. Nicollet Investment Management Inc. increased its stake in shares of Generac by 1.1% during the third quarter. Nicollet Investment Management Inc. now owns 7,866 shares of the technology company’s stock worth $1,250,000 after purchasing an additional 82 shares during the period. Finally, Mather Group LLC. lifted its holdings in Generac by 6.5% during the 3rd quarter. Mather Group LLC. now owns 1,528 shares of the technology company’s stock worth $243,000 after purchasing an additional 93 shares during the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

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.