Generac (NYSE:GNRC) Now Covered by Analysts at Jefferies Financial Group

Stock analysts at Jefferies Financial Group assumed coverage on shares of Generac (NYSE:GNRC) in a research report issued to clients and investors on Friday. The firm set a “hold” rating and a $222.00 price target on the technology company’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 11.82% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Barclays upped their price target on shares of Generac from $186.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 12th. Robert W. Baird set a $292.00 price objective on shares of Generac in a research note on Thursday, February 12th. Zacks Research raised shares of Generac from a “strong sell” rating to a “hold” rating in a report on Thursday, February 19th. Citigroup cut shares of Generac from a “buy” rating to a “neutral” rating and raised their target price for the stock from $207.00 to $237.00 in a report on Thursday, March 12th. Finally, JPMorgan Chase & Co. upgraded shares of Generac from a “neutral” rating to an “overweight” rating and set a $200.00 target price for the company in a research report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $222.06.

Generac Price Performance

Shares of GNRC traded down $2.32 during trading hours on Friday, reaching $198.53. 259,995 shares of the stock traded hands, compared to its average volume of 1,155,712. The company has a current ratio of 2.03, a quick ratio of 1.00 and a debt-to-equity ratio of 0.48. Generac has a 52-week low of $99.50 and a 52-week high of $241.09. The company’s 50-day moving average price is $195.64 and its two-hundred day moving average price is $174.89. The company has a market cap of $11.65 billion, a P/E ratio of 73.75, a price-to-earnings-growth ratio of 1.46 and a beta of 1.74.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, February 11th. The technology company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.20). The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.16 billion. Generac had a net margin of 3.79% and a return on equity of 14.55%. Generac’s revenue was down 11.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.80 earnings per share. On average, analysts anticipate that Generac will post 8 earnings per share for the current year.

Insider Transactions at Generac

In other Generac news, CFO York A. Ragen sold 24,362 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $235.61, for a total value of $5,739,930.82. Following the completion of the transaction, the chief financial officer owned 137,182 shares of the company’s stock, valued at $32,321,451.02. This trade represents a 15.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 2.70% of the stock is currently owned by company insiders.

Institutional Trading of Generac

Several institutional investors and hedge funds have recently made changes to their positions in the company. Nicollet Investment Management Inc. boosted its stake in shares of Generac by 0.7% during the 4th quarter. Nicollet Investment Management Inc. now owns 7,734 shares of the technology company’s stock worth $1,055,000 after acquiring an additional 50 shares in the last quarter. Gen Wealth Partners Inc boosted its position in Generac by 8.7% during the fourth quarter. Gen Wealth Partners Inc now owns 675 shares of the technology company’s stock worth $92,000 after acquiring an additional 54 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake in Generac by 21.7% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 331 shares of the technology company’s stock worth $55,000 after acquiring an additional 59 shares during the period. Meridian Financial Partners LLC raised its holdings in Generac by 0.6% in the 4th quarter. Meridian Financial Partners LLC now owns 10,056 shares of the technology company’s stock valued at $1,371,000 after acquiring an additional 61 shares during the last quarter. Finally, Sentry Investment Management LLC boosted its holdings in shares of Generac by 69.8% during the third quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock worth $28,000 after purchasing an additional 67 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other 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.