Generac Holdings Inc. (NYSE:GNRC) Given Average Recommendation of “Hold” by Brokerages

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

A number of research analysts have commented on the stock. The Goldman Sachs Group increased their price objective on shares of Generac from $148.00 to $193.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Roth Mkm lifted their price target on Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. TD Cowen upped their price objective on Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Stifel Nicolaus increased their target price on Generac from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Citigroup boosted their price target on Generac from $128.00 to $172.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd.

Insider Activity

In other news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total transaction of $585,069.46. Following the completion of the sale, the executive vice president now owns 10,738 shares in the company, valued at approximately $1,971,282.04. This represents a 22.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total value of $794,650.00. Following the completion of the transaction, the chief executive officer now owns 562,177 shares in the company, valued at $89,346,790.61. The trade was a 0.88 % 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 worth $7,584,853. 2.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Generac

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

Generac Stock Performance

NYSE:GNRC opened at $156.12 on Friday. Generac has a 1-year low of $108.89 and a 1-year high of $195.94. The stock has a market cap of $9.29 billion, a P/E ratio of 32.39, a PEG ratio of 2.09 and a beta of 1.39. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. The firm has a 50-day moving average of $176.73 and a two-hundred day moving average of $157.70.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. Generac had a return on equity of 16.70% and a net margin of 7.17%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the business posted $1.64 earnings per share. Generac’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, research analysts expect that Generac will post 6.84 earnings per share 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.