Generac Holdings Inc. (NYSE:GNRC) Given Consensus Recommendation of "Hold" by Brokerages

Generac Holdings Inc. (NYSE:GNRC - Get Free Report) has received a consensus recommendation of "Hold" from the twenty-one analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $174.00.

GNRC has been the subject of a number of research analyst reports. Stifel Nicolaus lowered 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. The Goldman Sachs Group dropped their target price on shares of Generac from $193.00 to $168.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Wells Fargo & Company decreased their price target on shares of Generac from $175.00 to $165.00 and set an "equal weight" rating for the company in a research note on Thursday, February 13th. Truist Financial lowered their price target on shares of Generac from $210.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Finally, Piper Sandler decreased their target price on shares of Generac from $185.00 to $175.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the transaction, the chief executive officer now owns 565,825 shares of the company's stock, valued at approximately $82,129,498.75. This represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is owned by insiders.

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Institutional Investors Weigh In On Generac

A number of large investors have recently made changes to their positions in the company. Hurley Capital LLC purchased a new stake in Generac during the fourth quarter valued at approximately $26,000. Modus Advisors LLC purchased a new stake in shares of Generac in the 4th quarter worth $27,000. Versant Capital Management Inc raised its holdings in Generac by 391.9% in the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company's stock worth $28,000 after purchasing an additional 145 shares during the period. Cranbrook Wealth Management LLC purchased a new position in Generac during the fourth quarter valued at $28,000. Finally, Brooklyn Investment Group bought a new stake in Generac during the third quarter valued at about $31,000. 84.04% of the stock is currently owned by institutional investors.

Generac Trading Down 4.3 %

NYSE:GNRC traded down $5.92 during trading hours on Friday, hitting $130.24. The company had a trading volume of 461,046 shares, compared to its average volume of 844,507. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. The stock has a 50-day moving average price of $151.00 and a 200 day moving average price of $160.41. The company has a market capitalization of $7.76 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42. Generac has a 52 week low of $109.90 and a 52 week high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last announced its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, beating analysts' consensus estimates of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. On average, equities research analysts predict that Generac will post 8 EPS 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.