Generac Holdings Inc. (NYSE:GNRC) Given Average Rating of "Moderate Buy" by Brokerages

Generac Holdings Inc. (NYSE:GNRC - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twenty-two brokerages that are covering the company, MarketBeat 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 1 year target price among brokers that have updated their coverage on the stock in the last year is $174.38.

GNRC has been the subject of a number of research reports. Robert W. Baird lowered their price target on Generac from $172.00 to $171.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. Bank of America began coverage on Generac in a report on Monday. They issued a "buy" rating and a $182.00 target price for the company. Guggenheim upgraded Generac from a "sell" rating to a "neutral" rating in a research note on Monday, March 17th. Barclays began coverage on shares of Generac in a research note on Wednesday, December 4th. They issued an "equal weight" rating and a $189.00 price objective for the company. Finally, Stifel Nicolaus cut their target price on shares of Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th.

Insider Activity

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the completion of the sale, the chief executive officer now directly owns 565,825 shares in the company, valued at approximately $82,129,498.75. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.90% of the company's stock.

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Institutional Investors Weigh In On Generac

A number of large investors have recently modified their holdings of GNRC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Generac by 1.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,456 shares of the technology company's stock valued at $1,001,000 after acquiring an additional 72 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Generac by 0.5% in the fourth quarter. MetLife Investment Management LLC now owns 17,004 shares of the technology company's stock valued at $2,636,000 after purchasing an additional 77 shares during the last quarter. Alaethes Wealth LLC lifted its position in Generac by 0.7% during the fourth quarter. Alaethes Wealth LLC now owns 11,721 shares of the technology company's stock worth $1,817,000 after buying an additional 78 shares in the last quarter. Allworth Financial LP boosted its stake in Generac by 3.0% during the fourth quarter. Allworth Financial LP now owns 2,738 shares of the technology company's stock worth $435,000 after buying an additional 80 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in Generac by 42.0% in the 4th quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company's stock valued at $44,000 after buying an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.

Generac Trading Down 2.4 %

Shares of GNRC stock traded down $3.20 on Tuesday, reaching $127.89. 75,951 shares of the company's stock were exchanged, compared to its average volume of 839,138. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The company's fifty day simple moving average is $141.35 and its 200 day simple moving average is $157.70. Generac has a 52 week low of $125.00 and a 52 week high of $195.94. The stock has a market capitalization of $7.62 billion, a PE ratio of 23.68, a P/E/G ratio of 1.44 and a beta of 1.50.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, topping 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%. As a group, analysts forecast that Generac will post 8 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.