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

Shares of Generac Holdings Inc. (NYSE:GNRC - Get Free Report) have received an average rating of "Moderate Buy" from the twenty brokerages that are currently covering the firm, Marketbeat reports. Nine research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $173.40.

Several equities analysts have recently issued reports on the stock. Bank of America assumed coverage on shares of Generac in a report on Monday, March 24th. They set a "buy" rating and a $182.00 price target for the company. The Goldman Sachs Group cut their target price on Generac from $193.00 to $168.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Citigroup raised Generac from a "neutral" rating to a "buy" rating and dropped their price target for the company from $162.00 to $138.00 in a research report on Thursday, April 17th. Guggenheim raised shares of Generac from a "sell" rating to a "neutral" rating in a research report on Monday, March 17th. Finally, Piper Sandler dropped their target price on shares of Generac from $175.00 to $155.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th.

Generac Trading Up 3.3 %

Shares of NYSE GNRC traded up $3.65 during trading on Friday, hitting $113.71. 192,448 shares of the company traded hands, compared to its average volume of 870,219. The firm has a market capitalization of $6.78 billion, a P/E ratio of 21.04, a P/E/G ratio of 1.44 and a beta of 1.58. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average price of $125.90 and a 200-day moving average price of $152.57. Generac has a 1 year low of $99.50 and a 1 year 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 EPS for the quarter, beating 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%. On average, equities analysts predict that Generac will post 8 EPS for the current year.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the sale, the chief executive officer now directly owns 565,825 shares of the company's stock, valued at approximately $82,129,498.75. This trade 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 is available at the SEC website. Corporate insiders own 2.90% of the company's stock.

Institutional Trading of Generac

Institutional investors have recently added to or reduced their stakes in the stock. Hurley Capital LLC bought a new position in shares of Generac in the fourth quarter valued at approximately $26,000. Modus Advisors LLC bought a new position in shares of Generac in the 4th quarter valued at approximately $27,000. Versant Capital Management Inc grew its stake in Generac by 391.9% in the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company's stock valued at $28,000 after buying an additional 145 shares during the last quarter. Cranbrook Wealth Management LLC bought a new position in Generac in the 4th quarter worth approximately $28,000. Finally, Bank of Jackson Hole Trust bought a new position in Generac during the fourth quarter valued at about $31,000. 84.04% of the stock is owned by institutional investors and hedge funds.

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.