Brokerages Set Generac Holdings Inc. (NYSE:GNRC) PT at $167.20

Generac Holdings Inc. (NYSE:GNRC) has received an average recommendation of “Moderate Buy” from the twenty-one ratings firms that are presently covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $167.20.

A number of brokerages have recently issued reports on GNRC. UBS Group upped their price target on Generac from $200.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Citigroup upgraded Generac from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $162.00 to $138.00 in a research report on Thursday, April 17th. Wells Fargo & Company reduced their price objective on Generac from $165.00 to $128.00 and set an “equal weight” rating for the company in a research report on Thursday, May 1st. Stifel Nicolaus reduced their price objective on Generac from $200.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Finally, Robert W. Baird reduced their price objective on Generac from $171.00 to $127.00 and set a “neutral” rating for the company in a research report on Thursday, May 1st.

Institutional Trading of Generac

A number of hedge funds and other institutional investors have recently bought and sold shares of GNRC. Norges Bank purchased a new stake in shares of Generac during the fourth quarter worth about $90,913,000. Boston Partners grew its position in shares of Generac by 39.0% during the fourth quarter. Boston Partners now owns 1,903,297 shares of the technology company’s stock worth $295,123,000 after purchasing an additional 533,612 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Generac by 81.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company’s stock worth $161,684,000 after purchasing an additional 469,575 shares in the last quarter. Jennison Associates LLC grew its position in shares of Generac by 133.6% during the fourth quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock worth $104,227,000 after purchasing an additional 384,434 shares in the last quarter. Finally, Forest Avenue Capital Management LP purchased a new stake in shares of Generac during the fourth quarter worth about $49,313,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Trading Down 1.3%

Shares of NYSE:GNRC opened at $127.25 on Wednesday. The company has a market cap of $7.52 billion, a P/E ratio of 23.56, a PEG ratio of 1.44 and a beta of 1.73. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. Generac has a 1 year low of $99.50 and a 1 year high of $195.94. The stock’s fifty day moving average price is $120.01 and its 200-day moving average price is $146.06.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.27. The firm had revenue of $942.12 million for the quarter, compared to the consensus estimate of $921.78 million. Generac had a return on equity of 18.17% and a net margin of 7.36%. The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.88 earnings per share. Sell-side analysts expect that Generac will post 8 earnings per share for the current year.

About Generac

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.