Generac Holdings Inc. (NYSE:GNRC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Generac Holdings Inc. (NYSE:GNRCGet Rating) have received a consensus recommendation of “Hold” from the twenty-six research firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $226.33.

GNRC has been the subject of a number of research analyst reports. The Goldman Sachs Group lowered their price objective on shares of Generac from $406.00 to $346.00 and set a “buy” rating for the company in a research report on Friday, October 14th. StockNews.com started coverage on shares of Generac in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Robert W. Baird cut shares of Generac from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $122.00 to $119.00 in a research report on Tuesday, December 20th. Janney Montgomery Scott started coverage on shares of Generac in a research report on Wednesday, December 28th. They issued a “buy” rating and a $160.00 price target for the company. Finally, Truist Financial decreased their price target on shares of Generac from $225.00 to $170.00 and set a “buy” rating for the company in a research report on Tuesday, October 25th.

Generac Stock Performance

NYSE:GNRC opened at $113.66 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.80 and a current ratio of 2.09. The stock has a market capitalization of $7.20 billion, a P/E ratio of 17.09, a PEG ratio of 1.54 and a beta of 1.13. The company has a 50 day moving average price of $100.52 and a 200 day moving average price of $167.25. Generac has a fifty-two week low of $86.29 and a fifty-two week high of $329.50.

Generac (NYSE:GNRCGet Rating) last posted its quarterly earnings data on Wednesday, November 2nd. The technology company reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.13. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Generac had a net margin of 10.29% and a return on equity of 26.03%. Equities research analysts forecast that Generac will post 8.59 EPS for the current year.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $119.05, for a total transaction of $595,250.00. Following the sale, the chief executive officer now directly owns 595,975 shares in the company, valued at approximately $70,950,823.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Robert D. Dixon purchased 2,000 shares of the business’s stock in a transaction that occurred on Monday, December 5th. The shares were purchased at an average cost of $97.27 per share, for a total transaction of $194,540.00. Following the purchase, the director now directly owns 8,895 shares of the company’s stock, valued at $865,216.65. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $119.05, for a total transaction of $595,250.00. Following the transaction, the chief executive officer now directly owns 595,975 shares in the company, valued at $70,950,823.75. The disclosure for this sale can be found here. 2.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Merit Financial Group LLC purchased a new position in Generac during the 4th quarter worth $277,000. Gofen & Glossberg LLC IL purchased a new position in Generac during the 4th quarter worth $235,000. Dudley & Shanley Inc. purchased a new position in Generac during the 4th quarter worth $1,983,000. LaFleur & Godfrey LLC grew its position in Generac by 120.7% during the 4th quarter. LaFleur & Godfrey LLC now owns 51,219 shares of the technology company’s stock worth $5,156,000 after purchasing an additional 28,015 shares during the last quarter. Finally, Norway Savings Bank boosted its holdings in shares of Generac by 6.1% in the fourth quarter. Norway Savings Bank now owns 3,149 shares of the technology company’s stock valued at $317,000 after acquiring an additional 180 shares in the last quarter. 88.71% of the stock is owned by hedge funds and other institutional investors.

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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