Generac Holdings Inc. (NYSE:GNRC) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Generac Holdings Inc. (NYSE:GNRC - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the twenty ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $174.05.

A number of brokerages have issued reports on GNRC. JPMorgan Chase & Co. increased their price target on Generac from $160.00 to $178.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Citigroup raised their target price on Generac from $128.00 to $172.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Canaccord Genuity Group raised their price objective on shares of Generac from $177.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Scotiabank raised their target price on Generac from $147.00 to $160.00 and gave the stock a "sector perform" rating in a research report on Monday, July 29th. Finally, Truist Financial raised their target price on Generac from $170.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th.

Generac Stock Up 0.1 %

NYSE GNRC traded up $0.25 during trading hours on Wednesday, hitting $180.19. The company had a trading volume of 462,832 shares, compared to its average volume of 952,382. The company has a market capitalization of $10.72 billion, a price-to-earnings ratio of 36.85, a P/E/G ratio of 2.23 and a beta of 1.37. The firm's 50 day moving average is $165.55 and its 200 day moving average is $152.66. 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.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.27. The firm had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.16 billion. Generac had a return on equity of 16.70% and a net margin of 7.17%. Generac's revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.64 earnings per share. Sell-side analysts anticipate that Generac will post 6.8 earnings per share for the current fiscal year.

Insider Transactions at Generac

In related news, CFO York A. Ragen sold 29,081 shares of the firm's stock in a transaction dated 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 sale, the chief financial officer now directly owns 135,613 shares of the company's stock, valued at $25,051,789.49. This trade represents a 17.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total value of $585,069.46. Following the transaction, the executive vice president now owns 10,738 shares in the company, valued at $1,971,282.04. This trade represents a 22.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,268 shares of company stock valued at $7,584,853 over the last 90 days. Company insiders own 2.90% of the company's stock.

Hedge Funds Weigh In On Generac

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UniSuper Management Pty Ltd grew its stake in shares of Generac by 1,278.9% in the 1st quarter. UniSuper Management Pty Ltd now owns 7,529 shares of the technology company's stock valued at $950,000 after purchasing an additional 6,983 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Generac during the first quarter valued at $476,000. Natixis raised its position in shares of Generac by 716.5% in the first quarter. Natixis now owns 1,135 shares of the technology company's stock valued at $143,000 after buying an additional 996 shares during the last quarter. EntryPoint Capital LLC grew its position in shares of Generac by 73.2% in the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company's stock valued at $27,000 after purchasing an additional 90 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in Generac by 4.4% in the first quarter. Advisors Asset Management Inc. now owns 7,140 shares of the technology company's stock valued at $901,000 after purchasing an additional 298 shares during the period. Hedge funds and other institutional investors 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.