Generac Holdings Inc. (NYSE:GNRC) Receives Average Recommendation of “Moderate Buy” from Brokerages

Generac Holdings Inc. (NYSE:GNRCGet Rating) has received an average rating of “Moderate Buy” from the twenty-four research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and eighteen have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $433.71.

A number of research analysts have weighed in on GNRC shares. StockNews.com initiated coverage on Generac in a report on Thursday, March 31st. They set a “hold” rating for the company. OTR Global lowered Generac from a “mixed” rating to a “negative” rating in a report on Friday. KeyCorp cut their price objective on Generac from $350.00 to $325.00 and set an “overweight” rating for the company in a report on Thursday. TheStreet lowered Generac from a “b-” rating to a “c+” rating in a report on Tuesday, July 12th. Finally, Robert W. Baird dropped their target price on Generac from $369.00 to $298.00 and set an “outperform” rating for the company in a research report on Monday, June 13th.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Friday, July 1st. The stock was sold at an average price of $213.81, for a total value of $1,069,050.00. Following the sale, the chief executive officer now directly owns 615,975 shares of the company’s stock, valued at $131,701,614.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Generac

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Generac by 2.0% in the first quarter. Vanguard Group Inc. now owns 6,770,488 shares of the technology company’s stock worth $2,012,595,000 after purchasing an additional 130,854 shares during the period. BlackRock Inc. grew its stake in Generac by 0.4% in the first quarter. BlackRock Inc. now owns 5,018,844 shares of the technology company’s stock worth $1,491,903,000 after purchasing an additional 21,217 shares during the period. State Street Corp grew its stake in shares of Generac by 0.8% in the fourth quarter. State Street Corp now owns 2,591,402 shares of the technology company’s stock worth $911,966,000 after acquiring an additional 20,575 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Generac by 5.4% in the fourth quarter. Bank of America Corp DE now owns 1,288,728 shares of the technology company’s stock worth $453,530,000 after acquiring an additional 66,586 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Generac by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 1,175,929 shares of the technology company’s stock worth $412,807,000 after acquiring an additional 22,890 shares during the last quarter. 88.35% of the stock is owned by hedge funds and other institutional investors.

Generac Stock Down 4.0 %

GNRC stock opened at $239.93 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.70 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $15.31 billion, a PE ratio of 31.78, a PEG ratio of 2.13 and a beta of 1.20. Generac has a twelve month low of $197.94 and a twelve month high of $524.31. The stock has a 50-day simple moving average of $234.33 and a two-hundred day simple moving average of $266.49.

Generac (NYSE:GNRCGet Rating) last posted its earnings results on Wednesday, May 4th. The technology company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.19. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.09 billion. Generac had a return on equity of 30.22% and a net margin of 12.68%. The company’s quarterly revenue was up 40.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.38 EPS. On average, equities analysts predict that Generac will post 11.75 EPS for the current fiscal year.

Generac Company Profile

(Get Rating)

Generac Holdings Inc designs, manufactures, and sells power generation equipment, energy storage systems, and other power products for the residential, and light commercial and industrial markets worldwide. The company offers engines, alternators, batteries, electronic controls, steel enclosures, and other components.

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Analyst Recommendations for Generac (NYSE:GNRC)

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