Generac Holdings Inc. (NYSE:GNRC) Receives $139.09 Consensus PT from Analysts

Generac Holdings Inc. (NYSE:GNRC) has received a consensus recommendation of “Hold” from the twenty-three research firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and fourteen have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $139.09.

A number of research firms recently commented on GNRC. The Goldman Sachs Group dropped their target price on shares of Generac from $154.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, August 3rd. Stifel Nicolaus upgraded shares of Generac from a “hold” rating to a “buy” rating and upped their price objective for the company from $130.00 to $135.00 in a research note on Thursday, November 2nd. OTR Global upgraded shares of Generac from a “negative” rating to a “mixed” rating in a research note on Thursday, October 5th. Roth Capital reiterated a “neutral” rating on shares of Generac in a research note on Tuesday, October 3rd. Finally, Piper Sandler dropped their price objective on shares of Generac from $155.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday, October 13th.

Insider Activity at Generac

In other Generac news, EVP Rajendra Kumar Kanuru sold 250 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $120.23, for a total value of $30,057.50. Following the sale, the executive vice president now directly owns 16,118 shares in the company, valued at approximately $1,937,867.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Generac news, EVP Rajendra Kumar Kanuru sold 250 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $120.23, for a total value of $30,057.50. Following the sale, the executive vice president now directly owns 16,118 shares in the company, valued at approximately $1,937,867.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $95.26, for a total transaction of $476,300.00. Following the transaction, the chief executive officer now directly owns 592,690 shares of the company’s stock, valued at $56,459,649.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,500 shares of company stock worth $1,675,768. 2.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Generac

Several institutional investors have recently added to or reduced their stakes in GNRC. Fairfield Bush & CO. lifted its holdings in Generac by 83.2% during the 1st quarter. Fairfield Bush & CO. now owns 7,102 shares of the technology company’s stock valued at $2,111,000 after purchasing an additional 3,225 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Generac by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,442 shares of the technology company’s stock worth $2,509,000 after buying an additional 523 shares during the period. Prudential PLC acquired a new position in Generac during the first quarter valued at approximately $441,000. National Pension Service grew its holdings in Generac by 12.8% during the first quarter. National Pension Service now owns 98,555 shares of the technology company’s stock valued at $29,296,000 after purchasing an additional 11,158 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Generac by 2.0% during the first quarter. Vanguard Group Inc. now owns 6,770,488 shares of the technology company’s stock valued at $2,012,595,000 after purchasing an additional 130,854 shares during the period. 87.59% of the stock is owned by institutional investors.

Generac Stock Down 0.0 %

NYSE GNRC opened at $103.54 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.41 and a quick ratio of 0.95. The company’s 50 day simple moving average is $102.89 and its 200 day simple moving average is $116.59. Generac has a 12 month low of $79.86 and a 12 month high of $156.95. The company has a market capitalization of $6.36 billion, a P/E ratio of 40.60, a PEG ratio of 1.93 and a beta of 1.31.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, November 1st. The technology company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.09. Generac had a net margin of 4.72% and a return on equity of 13.73%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the firm earned $1.75 EPS. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. Equities research analysts expect that Generac will post 5.35 earnings per share for the current fiscal year.

About Generac

Generac Holdings Inc designs, manufactures, and sells power generation equipment, energy storage systems, energy management devices and solutions, and other power products for the residential, light commercial, and industrial markets worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; residential storage solution consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; Mobile Link, a remote monitoring system for home standby generators; smart home solutions, such as smart thermostats and a suite of home monitoring products; smart water heater controllers; residential clean energy solutions; and portable and inverter generators; outdoor power equipment, including trimmers, field and brush mowers, log splitters, stump grinders, chipper shredders, lawn and leaf vacuums, and pressure washers and water pumps; and battery-powered turf care products.