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

Generac Holdings Inc. (NYSE:GNRCGet 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:GNRCGet 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

(Get Rating)

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.

Further Reading

Analyst Recommendations for Generac (NYSE:GNRC)

Receive News & Ratings for Generac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Generac and related companies with's FREE daily email newsletter.