Generac Holdings Inc. (NYSE:GNRC) Receives $174.80 Average Price Target from Brokerages

Shares of Generac Holdings Inc. (NYSE:GNRC - Get Free Report) have received an average recommendation of "Hold" from the twenty-one research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $174.80.

Several research firms recently weighed in on GNRC. JPMorgan Chase & Co. lifted their price target on Generac from $160.00 to $178.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Barclays started coverage on Generac in a report on Wednesday, December 4th. They set an "equal weight" rating and a $189.00 target price for the company. Citigroup decreased their price target on shares of Generac from $172.00 to $162.00 and set a "neutral" rating on the stock in a research note on Wednesday. Stifel Nicolaus lifted their price objective on shares of Generac from $185.00 to $210.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Finally, Piper Sandler increased their target price on shares of Generac from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd.

Insider Buying and Selling at Generac

In other news, EVP Rajendra Kumar Kanuru sold 3,187 shares of Generac stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total value of $585,069.46. Following the completion of the transaction, the executive vice president now directly owns 10,738 shares of the company's stock, valued at approximately $1,971,282.04. This trade represents a 22.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $166.60, for a total value of $833,000.00. Following the completion of the transaction, the chief executive officer now directly owns 557,177 shares in the company, valued at $92,825,688.20. This represents a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,268 shares of company stock worth $7,577,703 over the last quarter. Corporate insiders own 2.90% of the company's stock.

Institutional Investors Weigh In On Generac

A number of large investors have recently bought and sold shares of the stock. William Blair Investment Management LLC bought a new stake in shares of Generac during the second quarter worth about $98,282,000. The Manufacturers Life Insurance Company raised its stake in shares of 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 purchasing an additional 299,205 shares during the last quarter. Jennison Associates LLC bought a new position in shares of Generac in the third quarter valued at approximately $45,722,000. International Assets Investment Management LLC boosted its position in shares of Generac by 25,311.7% during the third quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company's stock valued at $42,433,000 after buying an additional 266,026 shares during the last quarter. Finally, Stephens Investment Management Group LLC boosted its holdings in Generac by 678.5% during the 3rd quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company's stock worth $30,560,000 after acquiring an additional 167,641 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Stock Performance

GNRC stock traded down $2.24 during midday trading on Thursday, reaching $158.76. 726,848 shares of the company were exchanged, compared to its average volume of 662,149. Generac has a one year low of $108.89 and a one year high of $195.94. The firm has a market capitalization of $9.45 billion, a price-to-earnings ratio of 32.94, a price-to-earnings-growth ratio of 2.04 and a beta of 1.42. The business has a 50-day moving average price of $173.48 and a two-hundred day moving average price of $159.57. 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 (NYSE:GNRC - Get Free Report) last announced its earnings results on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, topping the consensus estimate of $1.98 by $0.27. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. Generac's revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.64 EPS. Equities research analysts forecast that Generac will post 6.84 EPS 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.