Analysts Set Generac Holdings Inc. (NYSE:GNRC) Target Price at $174.38

Generac Holdings Inc. (NYSE:GNRC) has received an average recommendation of “Moderate Buy” from the twenty-two brokerages that are presently covering the stock, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $174.38.

GNRC has been the topic of a number of recent analyst reports. Bank of America initiated coverage on shares of Generac in a research note on Monday. They set a “buy” rating and a $182.00 price target on the stock. Barclays began coverage on Generac in a research report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 target price on the stock. Stifel Nicolaus cut their target price on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Guggenheim upgraded Generac from a “sell” rating to a “neutral” rating in a research note on Monday, March 17th. Finally, Citigroup cut their price objective on Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th.

Generac Stock Down 2.0 %

GNRC opened at $131.19 on Tuesday. The business has a 50 day moving average price of $141.35 and a two-hundred day moving average price of $157.70. Generac has a 52 week low of $124.76 and a 52 week high of $195.94. The company has a market cap of $7.82 billion, a PE ratio of 24.29, a P/E/G ratio of 1.44 and a beta of 1.50. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. As a group, research analysts anticipate that Generac will post 8 EPS 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 dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the transaction, the chief executive officer now directly owns 565,825 shares in the company, valued at approximately $82,129,498.75. This represents a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.90% of the stock is owned by corporate insiders.

Institutional Trading of Generac

Hedge funds have recently bought and sold shares of the company. Centaurus Financial Inc. grew its holdings in Generac by 71.1% in the 4th quarter. Centaurus Financial Inc. now owns 1,203 shares of the technology company’s stock valued at $187,000 after buying an additional 500 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Generac in the fourth quarter worth approximately $3,886,000. Heck Capital Advisors LLC purchased a new stake in Generac in the fourth quarter valued at approximately $272,000. Integrated Advisors Network LLC increased its position in Generac by 18.9% during the fourth quarter. Integrated Advisors Network LLC now owns 2,734 shares of the technology company’s stock worth $424,000 after purchasing an additional 434 shares during the last quarter. Finally, Ascent Group LLC raised its stake in Generac by 2.7% during the fourth quarter. Ascent Group LLC now owns 4,506 shares of the technology company’s stock worth $699,000 after purchasing an additional 120 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

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.