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

Shares of Generac Holdings Inc. (NYSE:GNRC) have been assigned a consensus rating of “Moderate Buy” from the twenty-three ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $142.40.

GNRC has been the topic of several research reports. Oppenheimer lifted their price target on shares of Generac from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday. Canaccord Genuity Group lifted their price target on shares of Generac from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, April 5th. OTR Global raised shares of Generac from a “mixed” rating to a “positive” rating in a report on Tuesday, April 2nd. TD Cowen decreased their price target on shares of Generac from $165.00 to $144.00 and set an “outperform” rating on the stock in a report on Thursday, February 15th. Finally, Canaccord Genuity Group lifted their price target on shares of Generac from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, April 5th.

Generac Stock Performance

Shares of NYSE:GNRC opened at $133.38 on Friday. Generac has a 1 year low of $79.86 and a 1 year high of $156.95. The company’s 50 day simple moving average is $124.48 and its 200 day simple moving average is $118.08. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.29 and a quick ratio of 0.94. The stock has a market capitalization of $8.06 billion, a price-to-earnings ratio of 36.74, a price-to-earnings-growth ratio of 1.74 and a beta of 1.41.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.16. The business had revenue of $889.27 million for the quarter, compared to analyst estimates of $886.60 million. Generac had a return on equity of 14.68% and a net margin of 5.68%. Generac’s revenue was up .2% compared to the same quarter last year. During the same period last year, the firm posted $0.63 earnings per share. As a group, research analysts predict that Generac will post 6.12 EPS for the current fiscal year.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $139.95, for a total transaction of $699,750.00. Following the completion of the transaction, the chief executive officer now owns 587,177 shares in the company, valued at $82,175,421.15. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Generac

Several institutional investors have recently added to or reduced their stakes in GNRC. Commonwealth Equity Services LLC grew its position in Generac by 18.2% during the third quarter. Commonwealth Equity Services LLC now owns 75,881 shares of the technology company’s stock valued at $8,268,000 after buying an additional 11,704 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Generac by 9.5% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 14,942 shares of the technology company’s stock valued at $1,628,000 after purchasing an additional 1,300 shares during the last quarter. Xponance Inc. lifted its holdings in Generac by 5.9% during the third quarter. Xponance Inc. now owns 9,675 shares of the technology company’s stock valued at $1,054,000 after purchasing an additional 540 shares during the last quarter. Raymond James & Associates lifted its holdings in Generac by 6.2% during the third quarter. Raymond James & Associates now owns 148,479 shares of the technology company’s stock valued at $16,178,000 after purchasing an additional 8,634 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in Generac by 11.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 73,797 shares of the technology company’s stock valued at $8,041,000 after purchasing an additional 7,644 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

About Generac

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.