Generac Holdings Inc. (NYSE:GNRC) Receives $284.84 Average PT from Analysts

Generac Holdings Inc. (NYSE:GNRC) has received an average rating of “Moderate Buy” from the nineteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $284.8421.

A number of analysts recently weighed in on GNRC shares. Roth Capital set a $214.00 target price on shares of Generac in a research note on Thursday, July 30th. Jefferies Financial Group restated a “buy” rating on shares of Generac in a report on Wednesday, June 3rd. TD Cowen reaffirmed a “buy” rating on shares of Generac in a research report on Monday, July 20th. Citigroup boosted their target price on shares of Generac from $263.00 to $300.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. Finally, Wall Street Zen raised Generac from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 9th.

Generac Trading Down 2.0%

NYSE:GNRC opened at $217.41 on Friday. Generac has a 12-month low of $134.80 and a 12-month high of $296.44. The firm has a market cap of $12.83 billion, a PE ratio of 50.10, a price-to-earnings-growth ratio of 1.90 and a beta of 1.92. The company has a current ratio of 2.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.43. The stock has a fifty day moving average price of $239.05 and a 200 day moving average price of $227.94.

Generac (NYSE:GNRC) last issued its quarterly earnings results 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 company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.18 billion. Generac had a return on equity of 17.83% and a net margin of 5.82%.Generac’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.65 EPS. Sell-side analysts anticipate that Generac will post 9.72 earnings per share for the current fiscal year.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $272.18, for a total transaction of $1,360,900.00. Following the sale, the chief executive officer owned 564,528 shares of the company’s stock, valued at approximately $153,653,231.04. This trade represents a 0.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $218.83, for a total transaction of $120,356.50. Following the sale, the insider owned 15,508 shares of the company’s stock, valued at $3,393,615.64. This represents a 3.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 12,236 shares of company stock valued at $2,871,273. 2.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Generac

A number of hedge funds and other institutional investors have recently made changes to their positions in GNRC. N.E.W. Advisory Services LLC acquired a new stake in shares of Generac in the 2nd quarter valued at about $25,000. MUFG Securities EMEA plc acquired a new position in Generac during the second quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd acquired a new position in Generac during the third quarter worth approximately $26,000. Avalon Trust Co purchased a new stake in Generac in the first quarter valued at approximately $32,000. Finally, Essential Partners LLC boosted its holdings in shares of Generac by 57.0% in the first quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock valued at $33,000 after acquiring an additional 61 shares during the period. Institutional investors and hedge funds 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.