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

Shares of Generac Holdings Inc. (NYSE:GNRC) have been assigned a consensus rating of “Moderate Buy” from the nineteen analysts that are covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $284.8421.

A number of brokerages recently weighed in on GNRC. Barclays cut their price target on shares of Generac from $285.00 to $278.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. Robert W. Baird set a $305.00 price objective on shares of Generac in a report on Thursday, July 30th. TD Cowen reiterated a “buy” rating on shares of Generac in a research note on Monday, July 20th. Stephens reissued an “overweight” rating and set a $290.00 target price on shares of Generac in a research report on Thursday, May 21st. Finally, Roth Capital set a $214.00 price target on shares of Generac in a research note on Thursday, July 30th.

Generac Stock Performance

Shares of GNRC opened at $185.97 on Tuesday. The stock has a 50 day moving average of $224.10 and a 200 day moving average of $230.49. The company has a market capitalization of $10.97 billion, a price-to-earnings ratio of 42.85, a PEG ratio of 1.57 and a beta of 1.92. Generac has a 12 month low of $134.80 and a 12 month high of $296.44. The company has a current ratio of 2.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.43.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.90. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Generac had a return on equity of 17.83% and a net margin of 5.82%.The business’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.65 earnings per share. As a group, sell-side analysts forecast that Generac will post 9.78 earnings per share for the current year.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $194.89, for a total transaction of $974,450.00. Following the completion of the transaction, the chief executive officer directly owned 554,528 shares of the company’s stock, valued at approximately $108,071,961.92. This represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Andrew Raabe sold 586 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $213.35, for a total value of $125,023.10. Following the completion of the sale, the insider directly owned 10,746 shares of the company’s stock, valued at $2,292,659.10. This represents a 5.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 7,236 shares of company stock worth $1,510,373. Insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Generac

Large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its stake in Generac by 29,322.7% in the 2nd quarter. California State Teachers Retirement System now owns 19,945,924 shares of the technology company’s stock valued at $5,840,366,000 after acquiring an additional 19,878,133 shares during the period. BlackRock Inc. purchased a new position in shares of Generac in the second quarter worth about $1,170,960,000. Invesco Ltd. increased its stake in shares of Generac by 49.9% in the fourth quarter. Invesco Ltd. now owns 2,423,971 shares of the technology company’s stock worth $330,557,000 after purchasing an additional 806,430 shares in the last quarter. State Street Corp raised its position in shares of Generac by 2.1% in the second quarter. State Street Corp now owns 2,189,927 shares of the technology company’s stock valued at $313,619,000 after purchasing an additional 45,592 shares during the period. Finally, Boston Partners raised its position in shares of Generac by 7.1% in the third quarter. Boston Partners now owns 1,947,332 shares of the technology company’s stock valued at $326,003,000 after purchasing an additional 128,439 shares during the period. Hedge funds and other institutional investors own 84.04% of the company’s stock.

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.