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

Shares of Generac Holdings Inc. (NYSE:GNRC) have received an average rating of “Moderate Buy” from the twenty-one ratings firms that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $195.9412.

Several research firms have recently weighed in on GNRC. Canaccord Genuity Group reduced their price target on shares of Generac from $240.00 to $236.00 and set a “buy” rating for the company in a report on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Generac in a research report on Wednesday, October 8th. Guggenheim lowered their target price on Generac from $210.00 to $202.00 and set a “buy” rating for the company in a report on Thursday, October 9th. Baird R W upgraded Generac from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th. Finally, Bank of America decreased their price objective on Generac from $236.00 to $224.00 and set a “buy” rating for the company in a report on Wednesday, January 7th.

Generac Stock Down 0.3%

NYSE:GNRC opened at $160.99 on Monday. Generac has a 1 year low of $99.50 and a 1 year high of $203.25. The stock has a 50-day moving average price of $150.25 and a two-hundred day moving average price of $166.78. The stock has a market cap of $9.45 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 1.31 and a beta of 1.82. The company has a current ratio of 2.18, a quick ratio of 1.02 and a debt-to-equity ratio of 0.51.

Generac (NYSE:GNRC) last released its quarterly earnings data 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). Generac had a net margin of 6.92% and a return on equity of 17.63%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the firm earned $2.25 EPS. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. As a group, equities analysts expect that Generac will post 8 earnings per share for the current year.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred 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 $90,365,831.38. This trade represents a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Generac

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Matrix Asset Advisors Inc. NY boosted its stake in shares of Generac by 68.9% during the 4th quarter. Matrix Asset Advisors Inc. NY now owns 112,991 shares of the technology company’s stock worth $15,409,000 after buying an additional 46,101 shares during the last quarter. Tema Etfs LLC bought a new stake in Generac during the fourth quarter worth about $72,000. Nilsine Partners LLC boosted its position in Generac by 48.1% during the fourth quarter. Nilsine Partners LLC now owns 7,980 shares of the technology company’s stock valued at $1,088,000 after purchasing an additional 2,593 shares during the last quarter. Econ Financial Services Corp acquired a new position in Generac during the fourth quarter valued at approximately $1,801,000. Finally, Private Advisory Group LLC grew its stake in Generac by 26.2% in the fourth quarter. Private Advisory Group LLC now owns 58,781 shares of the technology company’s stock valued at $8,016,000 after purchasing an additional 12,191 shares in the last quarter. 84.04% of the stock is owned by institutional investors.

Generac Company Profile

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.