Generac Holdings Inc. (NYSE:GNRC) Given Consensus Rating of “Hold” by Analysts

Shares of Generac Holdings Inc. (NYSE:GNRC) have been assigned an average recommendation of “Hold” from the twenty-one ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $174.80.

Several research analysts have weighed in on the stock. Truist Financial increased their price target on shares of Generac from $170.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. The Goldman Sachs Group raised their target price 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. Robert W. Baird cut their target price on shares of Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Roth Mkm lifted their price target on shares of Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, TD Cowen lifted their target price 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 Price Performance

Shares of NYSE GNRC opened at $159.98 on Thursday. The company has a fifty day moving average price of $172.90 and a 200 day moving average price of $160.20. Generac has a 1-year low of $108.89 and a 1-year high of $195.94. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. The firm has a market cap of $9.52 billion, a PE ratio of 33.19, a PEG ratio of 2.04 and a beta of 1.42.

Generac (NYSE:GNRC) last issued its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.64 EPS. Research analysts predict that Generac will post 6.84 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total value of $787,500.00. Following the completion of the transaction, the chief executive officer now directly owns 570,825 shares of the company’s stock, valued at approximately $89,904,937.50. This trade represents a 0.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO York A. Ragen sold 29,081 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 owns 135,613 shares in the company, valued at $25,051,789.49. This represents a 17.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,268 shares of company stock worth $7,577,703. 2.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Generac

Several institutional investors and hedge funds have recently made changes to their positions in GNRC. William Blair Investment Management LLC bought a new stake in shares of Generac during the 2nd quarter valued at about $98,282,000. Dimensional Fund Advisors LP raised its holdings in Generac by 5.2% in the second quarter. Dimensional Fund Advisors LP now owns 702,811 shares of the technology company’s stock worth $92,941,000 after buying an additional 35,026 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Generac by 114.8% in the third quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock worth $88,944,000 after buying an additional 299,205 shares during the last quarter. Blair William & Co. IL raised its holdings in shares of Generac by 29.2% during the second quarter. Blair William & Co. IL now owns 457,475 shares of the technology company’s stock valued at $60,487,000 after purchasing an additional 103,439 shares during the last quarter. Finally, Burgundy Asset Management Ltd. raised its holdings in shares of Generac by 1.7% during the second quarter. Burgundy Asset Management Ltd. now owns 422,628 shares of the technology company’s stock valued at $55,880,000 after purchasing an additional 7,045 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

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.