Generac Holdings Inc. (NYSE:GNRC) Stock Has Average Price Target of $290.55

Shares of Generac Holdings Inc. (NYSE:GNRC) have been given a consensus recommendation of “Moderate Buy” by the twenty-two brokerages that are presently covering the firm, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $289.45.

Several equities research analysts have recently commented on the company. TD Cowen raised Generac to a “strong-buy” rating in a research note on Monday, October 5th. Robert W. Baird set a $305.00 price target on Generac in a research note on Thursday, July 30th. Weiss Ratings raised Generac from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. DA Davidson set a $333.00 price objective on Generac in a research report on Thursday, July 30th. Finally, Cantor Fitzgerald dropped their price objective on Generac from $333.00 to $297.00 and set an “overweight” rating for the company in a report on Monday, October 5th.

Generac Price Performance

Shares of Generac stock opened at $194.43 on Wednesday. The firm has a 50 day simple moving average of $199.71 and a 200 day simple moving average of $216.78. Generac has a fifty-two week low of $134.80 and a fifty-two week high of $296.44.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, October 28th. The technology company reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.16. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.32 billion. On average, analysts expect that Generac will post 9.74 EPS for the current year.

Insider Buying and Selling

In other Generac news, insider Kyle Raabe sold 603 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $212.57, for a total value of $128,179.71. Following the transaction, the insider directly owned 9,966 shares of the company’s stock, valued at approximately $2,118,472.62. This trade represents a 5.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $206.00, for a total transaction of $1,030,000.00. Following the sale, the chief executive officer directly owned 544,528 shares of the company’s stock, valued at $112,172,768. This represents a 0.91% 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. Insiders sold a total of 18,442 shares of company stock valued at $3,656,537 over the last ninety days. Insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Generac

A number of institutional investors have recently made changes to their positions in GNRC. Root Financial Partners LLC raised its position in shares of Generac by 32.9% in the 1st quarter. Root Financial Partners LLC now owns 218 shares of the technology company’s stock valued at $43,000 after acquiring an additional 54 shares during the period. Contravisory Investment Management Inc. grew its holdings in Generac by 1.5% during the third quarter. Contravisory Investment Management Inc. now owns 4,027 shares of the technology company’s stock valued at $833,000 after purchasing an additional 58 shares during the period. Essential Partners LLC increased its stake in 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 purchasing an additional 61 shares in the last quarter. Oarsman Capital Inc. increased its stake in Generac by 4.3% in the second quarter. Oarsman Capital Inc. now owns 1,492 shares of the technology company’s stock valued at $437,000 after purchasing an additional 61 shares in the last quarter. Finally, Wedbush Securities Inc. increased its stake in Generac by 6.2% in the third quarter. Wedbush Securities Inc. now owns 1,049 shares of the technology company’s stock valued at $217,000 after purchasing an additional 61 shares in the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Company Profile

Generac Holdings Inc is a technology and energy solutions company that designs and manufactures power generation equipment and other energy-related products. Its offerings include standby and portable generators, commercial and industrial power systems, energy storage solutions, and products that help customers manage and monitor energy use.

The company serves residential, commercial, industrial, and utility customers. Its products are used for backup power, prime power, and distributed energy applications across homes, businesses, data centers, healthcare facilities, construction sites, and other critical operations.