Generac Holdings Inc. (NYSE:GNRC) Given Average Recommendation of “Hold” by Analysts

Posted by Defense World Staff on Mar 6th, 2023

Generac Holdings Inc. (NYSE:GNRC – Get Rating) has earned an average rating of “Hold” from the twenty-seven brokerages that are covering the firm, Marketbeat Ratings reports. Three analysts have 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 twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $207.80.

Several research analysts recently issued reports on the company. Credit Suisse Group dropped their price objective on Generac from $165.00 to $159.00 and set an “outperform” rating on the stock in a research note on Thursday, February 2nd. Stephens upped their price objective on shares of Generac from $125.00 to $150.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 21st. Stifel Nicolaus raised their target price on shares of Generac from $98.00 to $130.00 in a research report on Thursday, February 16th. Janney Montgomery Scott lowered Generac from a “buy” rating to a “neutral” rating in a report on Tuesday, February 21st. Finally, UBS Group reduced their price target on Generac from $200.00 to $185.00 and set a “buy” rating for the company in a research report on Thursday, February 16th.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 45,207 shares of Generac stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $119.37, for a total transaction of $5,396,359.59. Following the completion of the transaction, the chief executive officer now directly owns 615,269 shares of the company’s stock, valued at approximately $73,444,660.53. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Generac

Several institutional investors and hedge funds have recently modified their holdings of GNRC. Montag A & Associates Inc. acquired a new stake in Generac in the 2nd quarter valued at $25,000. Ronald Blue Trust Inc. raised its position in shares of Generac by 552.6% during the 3rd quarter. Ronald Blue Trust Inc. now owns 124 shares of the technology company’s stock worth $26,000 after purchasing an additional 105 shares during the last quarter. MinichMacGregor Wealth Management LLC purchased a new position in Generac in the 4th quarter valued at about $27,000. New Millennium Group LLC acquired a new stake in Generac in the 2nd quarter worth about $29,000. Finally, Ameliora Wealth Management Ltd. purchased a new stake in Generac during the 3rd quarter worth approximately $29,000. Hedge funds and other institutional investors own 88.71% of the company’s stock.

Generac Stock Up 3.8 %

Shares of NYSE GNRC opened at $126.60 on Monday. The firm’s 50-day moving average price is $114.37 and its 200-day moving average price is $137.03. The company has a current ratio of 2.20, a quick ratio of 0.78 and a debt-to-equity ratio of 0.61. Generac has a 12-month low of $86.29 and a 12-month high of $329.50. The stock has a market capitalization of $7.84 billion, a price-to-earnings ratio of 23.27, a P/E/G ratio of 1.99 and a beta of 1.18.

Generac (NYSE:GNRC – Get Rating) last posted its quarterly earnings data on Wednesday, February 15th. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.08. Generac had a return on equity of 23.82% and a net margin of 8.75%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the company earned $2.51 EPS. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, equities research analysts anticipate that Generac will post 6.38 EPS for the current fiscal year.

Generac Company Profile

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Generac Holdings, Inc engages in the design and manufacture of power generation equipment and other power products. It operates through the following segments: Domestic and International. The Domestic segment includes the legacy Generac, and the impact of acquisitions that are based in the U.S. and Canada.