Generac Holdings Inc. (NYSE:GNRC) Receives $175.30 Average Price Target from Analysts

Shares of Generac Holdings Inc. (NYSE:GNRC - Get Free Report) have been assigned an average rating of "Hold" from the twenty-one ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $175.30.

A number of equities analysts have weighed in on GNRC shares. StockNews.com upgraded shares of Generac from a "hold" rating to a "buy" rating in a research report on Monday, October 28th. The Goldman Sachs Group raised their price target on shares of Generac from $148.00 to $193.00 and gave the company a "buy" rating in a research note on Friday, November 1st. TD Cowen lifted their price objective on Generac from $172.00 to $183.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Stifel Nicolaus increased their target price on Generac from $185.00 to $210.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Finally, Barclays assumed coverage on Generac in a research note on Wednesday, December 4th. They issued an "equal weight" rating and a $189.00 price target on the stock.

Generac Price Performance

Shares of Generac stock traded down $6.37 during trading hours on Friday, reaching $167.25. The stock had a trading volume of 1,042,999 shares, compared to its average volume of 933,671. The stock's 50 day moving average is $177.48 and its 200 day moving average is $157.46. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. Generac has a twelve month low of $108.89 and a twelve month high of $195.94. The firm has a market capitalization of $9.95 billion, a PE ratio of 34.70, a PEG ratio of 2.09 and a beta of 1.39.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, beating the consensus estimate of $1.98 by $0.27. Generac had a return on equity of 16.70% and a net margin of 7.17%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the company earned $1.64 earnings per share. Generac's quarterly revenue was up 9.6% compared to the same quarter last year. Equities analysts expect that Generac will post 6.84 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the business's 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 sale, the executive vice president now directly owns 10,738 shares of the company's stock, valued at approximately $1,971,282.04. The trade was a 22.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO York A. Ragen sold 29,081 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now owns 135,613 shares in the company, valued at approximately $25,051,789.49. This represents a 17.66 % decrease in their ownership of the stock. 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 in the last 90 days. Company insiders own 2.90% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. William Blair Investment Management LLC acquired a new stake in shares of Generac during the second quarter worth about $98,282,000. Dimensional Fund Advisors LP lifted its holdings in Generac by 5.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 702,811 shares of the technology company's stock worth $92,941,000 after buying an additional 35,026 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Generac by 114.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company's stock valued at $88,944,000 after buying an additional 299,205 shares during the period. Ninety One UK Ltd grew its stake in shares of Generac by 0.7% in the second quarter. Ninety One UK Ltd now owns 519,741 shares of the technology company's stock worth $68,720,000 after acquiring an additional 3,849 shares in the last quarter. Finally, Blair William & Co. IL increased its position in shares of Generac by 29.2% during the second quarter. Blair William & Co. IL now owns 457,475 shares of the technology company's stock worth $60,487,000 after acquiring an additional 103,439 shares during the period. 84.04% of the stock is currently 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.