Generac Holdings Inc. (NYSE:GNRC) Stock Has Consensus Target Price of $289.82 According to Analysts

Shares of Generac Holdings Inc. (NYSE:GNRC) have received an average recommendation of “Moderate Buy” from the twenty-two research firms that are covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $289.82.

A number of equities research analysts have issued reports on GNRC shares. Barclays upped their price objective on Generac from $278.00 to $281.00 and gave the company an “equal weight” rating in a research report on Thursday, October 29th. Needham & Company LLC lifted their target price on Generac from $283.00 to $288.00 and gave the stock a “buy” rating in a report on Thursday, October 29th. Citigroup lifted their target price on Generac from $232.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, October 30th. Stifel Nicolaus boosted their target price on Generac from $290.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. Finally, TD Cowen upgraded Generac to a “strong-buy” rating in a report on Monday, October 5th.

Insiders Place Their Bets

In other Generac news, insider Kyle Raabe sold 603 shares of the business’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $212.57, for a total transaction of $128,179.71. Following the transaction, the insider owned 9,966 shares in the company, valued at $2,118,472.62. The trade was a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman Taffe sold 400 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $188.70, for a total transaction of $75,480.00. Following the transaction, the insider owned 11,276 shares in the company, valued at $2,127,781.20. This trade represents a 3.43% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,606 shares of company stock valued at $2,491,310 over the last three months. 2.40% of the stock is owned by company insiders.

Institutional Trading of Generac

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GNRC. Flputnam Investment Management Co. bought a new stake in Generac in the third quarter worth about $7,716,000. Pathstone Holdings LLC grew its stake in shares of Generac by 44.8% during the third quarter. Pathstone Holdings LLC now owns 12,648 shares of the technology company’s stock valued at $2,618,000 after buying an additional 3,912 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Generac by 327.1% during the third quarter. Marshall Wace LLP now owns 210,923 shares of the technology company’s stock valued at $43,651,000 after buying an additional 161,542 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Generac by 231.0% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 12,180 shares of the technology company’s stock valued at $2,521,000 after buying an additional 8,500 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of Generac by 51.4% in the third quarter. Steward Partners Investment Advisory LLC now owns 56,614 shares of the technology company’s stock worth $11,716,000 after buying an additional 19,220 shares during the period. 84.04% of the stock is owned by hedge funds and other institutional investors.

Generac Trading Down 1.1%

Shares of NYSE:GNRC traded down $2.20 during trading on Friday, reaching $190.68. The company’s stock had a trading volume of 751,462 shares, compared to its average volume of 1,293,924. The company has a current ratio of 1.97, a quick ratio of 1.06 and a debt-to-equity ratio of 0.41. Generac has a 12 month low of $134.80 and a 12 month high of $296.44. The firm’s 50 day simple moving average is $198.46 and its two-hundred day simple moving average is $218.67. The stock has a market capitalization of $11.25 billion, a PE ratio of 37.76, a price-to-earnings-growth ratio of 1.63 and a beta of 1.86.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, October 28th. The technology company reported $2.54 EPS for the quarter, topping the consensus estimate of $2.40 by $0.14. Generac had a return on equity of 18.78% and a net margin of 6.52%. The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the business posted $1.83 earnings per share. The firm’s revenue was up 16.2% on a year-over-year basis. On average, research analysts predict that Generac will post 9.84 EPS for the current fiscal year.

About Generac

Generac Holdings Inc. designs and manufactures backup power generation equipment and energy technology solutions. Its products include home standby and portable generators, as well as power systems for commercial, industrial, and other applications. The company also offers energy storage and management products, solar-related solutions, and services that help customers monitor and manage power use. Generac serves residential, commercial, and industrial customers, with a presence in North America and other markets around the world.