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

Shares of Generac Holdings Inc. (NYSE:GNRC) have been given a consensus recommendation of “Hold” by the twenty-one brokerages that are currently covering the firm, Marketbeat.com reports. One investment 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 price objective among analysts that have issued a report on the stock in the last year is $174.80.

A number of analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Barclays initiated coverage on shares of Generac in a research note on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price target on the stock. TD Cowen raised their price objective on shares of Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Roth Mkm upped their target price on shares of Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Stifel Nicolaus lifted their price objective on Generac from $185.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, November 19th.

Insiders Place Their Bets

In other Generac news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total transaction of $585,069.46. Following the sale, the executive vice president now directly owns 10,738 shares in the company, valued at approximately $1,971,282.04. This trade represents a 22.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Aaron Jagdfeld sold 5,000 shares of the company’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 transaction of $787,500.00. Following the completion of the transaction, the chief executive officer now owns 570,825 shares of the company’s stock, valued at $89,904,937.50. This trade represents a 0.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,268 shares of company stock worth $7,577,703. Insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Generac

A number of large investors have recently added to or reduced their stakes in GNRC. Sunbelt Securities Inc. grew its holdings in shares of Generac by 97.1% during the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after buying an additional 100 shares in the last quarter. Modus Advisors LLC acquired a new stake in shares of Generac in the fourth quarter valued at approximately $27,000. Versant Capital Management Inc lifted its position in shares of Generac by 391.9% in the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock worth $28,000 after purchasing an additional 145 shares in the last quarter. Brooklyn Investment Group acquired a new position in Generac during the third quarter worth $31,000. Finally, SouthState Corp bought a new position in Generac in the third quarter valued at $32,000. Institutional investors own 84.04% of the company’s stock.

Generac Price Performance

Shares of NYSE:GNRC opened at $158.76 on Thursday. Generac has a twelve month low of $108.89 and a twelve month high of $195.94. The company has a market cap of $9.45 billion, a price-to-earnings ratio of 32.94, a PEG ratio of 2.04 and a beta of 1.42. The business has a 50 day moving average price of $173.61 and a 200 day moving average price of $159.57. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56.

Generac (NYSE:GNRC) last released its earnings results on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, beating the consensus estimate of $1.98 by $0.27. The firm had revenue of $1.17 billion during 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%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.64 EPS. Research analysts predict that Generac will post 6.84 earnings per share for the current year.

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.