Generac Holdings Inc. (NYSE:GNRC) Receives Average Rating of “Hold” from Analysts

Generac Holdings Inc. (NYSE:GNRC) has received a consensus rating of “Hold” from the twenty-one research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $174.80.

Several brokerages have issued reports on GNRC. JPMorgan Chase & Co. increased their target price on shares of Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Robert W. Baird reduced their price target on shares of Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Truist Financial raised their price objective on shares of Generac from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group lifted their price target on shares of Generac from $148.00 to $193.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Citigroup reduced their price target on Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th.

Generac Price Performance

Generac stock opened at $159.98 on Thursday. The company has a market cap of $9.52 billion, a price-to-earnings ratio of 33.19, a PEG ratio of 2.04 and a beta of 1.42. The firm’s fifty day moving average is $172.90 and its 200 day moving average is $160.20. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. Generac has a 52-week low of $108.89 and a 52-week high of $195.94.

Generac (NYSE:GNRC) last announced its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.27. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.64 earnings per share. Sell-side analysts forecast that Generac will post 6.84 EPS for the current fiscal year.

Insider Buying and Selling at Generac

In other Generac news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total value of $585,069.46. Following the sale, the executive vice president now owns 10,738 shares of the company’s stock, valued at approximately $1,971,282.04. This represents a 22.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO York A. Ragen sold 29,081 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total value of $5,372,133.13. Following the completion of the sale, the chief financial officer now directly owns 135,613 shares in the company, valued at $25,051,789.49. This trade represents a 17.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,268 shares of company stock worth $7,577,703. 2.90% of the stock is owned by insiders.

Institutional Trading of Generac

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Modus Advisors LLC acquired a new position in Generac during the 4th quarter worth approximately $27,000. Versant Capital Management Inc grew its stake in Generac by 391.9% during the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock worth $28,000 after buying an additional 145 shares during the last quarter. Brooklyn Investment Group bought a new position in Generac during the 3rd quarter worth $31,000. SouthState Corp bought a new position in shares of Generac in the third quarter worth $32,000. Finally, Sunbelt Securities Inc. grew its stake in shares of Generac by 97.1% in the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Company Profile

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.