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

Shares of Generac Holdings Inc. (NYSE:GNRC) have been given an average rating of “Moderate Buy” by the twenty-one brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $191.0556.

Several research firms recently issued reports on GNRC. Citigroup reduced their target price on shares of Generac from $217.00 to $207.00 and set a “neutral” rating for the company in a report on Monday, November 3rd. Guggenheim decreased their price target on Generac from $210.00 to $202.00 and set a “buy” rating on the stock in a report on Thursday, October 9th. JPMorgan Chase & Co. boosted their price objective on Generac from $180.00 to $196.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. UBS Group cut their target price on Generac from $220.00 to $215.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Finally, Roth Capital set a $184.00 target price on Generac and gave the company a “neutral” rating in a research note on Thursday, October 30th.

Generac Price Performance

Shares of NYSE:GNRC opened at $152.20 on Friday. The company has a quick ratio of 0.88, a current ratio of 2.18 and a debt-to-equity ratio of 0.51. Generac has a twelve month low of $99.50 and a twelve month high of $203.25. The stock has a market capitalization of $8.93 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 1.53 and a beta of 1.69. The firm’s 50 day moving average price is $166.89 and its 200-day moving average price is $161.41.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, October 29th. The technology company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.42). The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Generac had a net margin of 6.92% and a return on equity of 17.63%. Generac’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.25 earnings per share. Generac has set its FY 2025 guidance at EPS. Equities research analysts expect that Generac will post 8 EPS for the current year.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $166.43, for a total value of $832,150.00. Following the sale, the chief executive officer directly owned 542,966 shares in the company, valued at approximately $90,365,831.38. The trade was a 0.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 15,000 shares of company stock worth $2,575,300 over the last three months. Company insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Invesco Ltd. raised its stake in Generac by 40.9% during the second quarter. Invesco Ltd. now owns 1,992,447 shares of the technology company’s stock valued at $285,338,000 after purchasing an additional 577,933 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in shares of Generac in the 3rd quarter worth $70,744,000. Norges Bank bought a new stake in shares of Generac in the 2nd quarter worth about $53,138,000. Victory Capital Management Inc. raised its position in shares of Generac by 17.9% during the 3rd quarter. Victory Capital Management Inc. now owns 2,138,139 shares of the technology company’s stock valued at $355,530,000 after buying an additional 324,809 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of Generac by 63.5% in the 2nd quarter. Federated Hermes Inc. now owns 749,347 shares of the technology company’s stock valued at $107,314,000 after acquiring an additional 291,012 shares during the last quarter. Hedge funds and other 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.