Generac Holdings Inc. (NYSE:GNRC) Given Consensus Rating of “Hold” by Brokerages

Generac Holdings Inc. (NYSE:GNRC) has been assigned an average recommendation of “Hold” from the twenty-one research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $175.30.

A number of research analysts have recently commented on the company. Barclays assumed coverage on Generac in a report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price objective on the stock. Truist Financial increased their price target on shares of Generac from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Citigroup boosted their price objective on shares of Generac from $128.00 to $172.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Piper Sandler increased their target price on shares of Generac from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Finally, TD Cowen boosted their price target on shares of Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research report on Friday, November 1st.

Generac Stock Down 3.7 %

Shares of NYSE:GNRC opened at $167.25 on Friday. Generac has a fifty-two week low of $108.89 and a fifty-two week high of $195.94. The firm’s 50 day moving average price is $177.48 and its 200 day moving average price is $157.40. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The stock has a market cap of $9.95 billion, a price-to-earnings ratio of 34.70, a price-to-earnings-growth ratio of 2.09 and a beta of 1.39.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. The company’s revenue was up 9.6% on a year-over-year basis. During the same period last year, the business earned $1.64 EPS. As a group, equities research analysts predict that Generac will post 6.84 earnings per share for the current fiscal year.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $166.60, for a total transaction of $833,000.00. Following the completion of the transaction, the chief executive officer now directly owns 557,177 shares of the company’s stock, valued at approximately $92,825,688.20. This represents a 0.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of Generac stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total value of $585,069.46. Following the completion of the sale, the executive vice president now owns 10,738 shares in the company, valued at approximately $1,971,282.04. This trade represents a 22.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,268 shares of company stock valued at $7,584,853. 2.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Generac

Large investors have recently made changes to their positions in the stock. Sunbelt Securities Inc. boosted its holdings in Generac by 97.1% during the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after buying an additional 100 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Generac during the 3rd quarter worth approximately $31,000. SouthState Corp acquired a new stake in shares of Generac in the 3rd quarter worth approximately $32,000. Capital Advisors Ltd. LLC increased its stake in Generac by 611.1% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock valued at $34,000 after purchasing an additional 220 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Generac by 73.5% during the third quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock worth $36,000 after purchasing an additional 97 shares during 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.