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

Generac Holdings Inc. (NYSE:GNRC) has earned an average rating of “Moderate Buy” from the twenty-one brokerages that are covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $192.1111.

A number of research firms recently commented on GNRC. Weiss Ratings reiterated a “hold (c)” rating on shares of Generac in a report on Wednesday, October 8th. Barclays upped their price target on Generac from $188.00 to $197.00 and gave the company an “equal weight” rating in a research note on Friday, October 31st. Canaccord Genuity Group reiterated a “buy” rating and set a $240.00 price target on shares of Generac in a report on Thursday, October 30th. Needham & Company LLC began coverage on shares of Generac in a report on Wednesday, October 22nd. They issued a “buy” rating and a $248.00 price objective on the stock. Finally, Roth Capital set a $184.00 target price on shares of Generac and gave the stock a “neutral” rating in a research note on Thursday, October 30th.

Generac Trading Down 1.5%

Shares of GNRC stock opened at $138.41 on Thursday. 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 has a twelve month low of $99.50 and a twelve month high of $203.25. The company’s 50-day moving average price is $157.34 and its 200-day moving average price is $165.39. The stock has a market cap of $8.12 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 1.39 and a beta of 1.82.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, October 29th. The technology company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.42). Generac had a return on equity of 17.63% and a net margin of 6.92%.The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the firm earned $2.25 earnings per share. Generac’s revenue for the quarter was down 5.0% on a year-over-year basis. As a group, equities analysts predict that Generac will post 8 earnings per share for the current year.

Insider Buying and Selling at Generac

In related 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 completion of the sale, the chief executive officer owned 542,966 shares in the company, valued at approximately $90,365,831.38. This trade represents a 0.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Generac by 81.1% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock valued at $25,000 after buying an additional 77 shares during the period. MUFG Securities EMEA plc acquired a new position in Generac in the 2nd quarter valued at about $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in Generac during the third quarter worth about $26,000. First Horizon Corp acquired a new stake in shares of Generac during the third quarter worth about $28,000. Finally, Sentry Investment Management LLC boosted its stake in shares of Generac by 69.8% in the third quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock valued at $28,000 after purchasing an additional 67 shares during the period. 84.04% of the stock is currently 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.