Generac Holdings Inc. (NYSE:GNRC) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Generac Holdings Inc. (NYSE:GNRC) have been assigned an average rating of “Moderate Buy” from the eighteen brokerages that are covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $284.1765.

A number of equities research analysts recently weighed in on the company. Roth Capital restated a “neutral” rating and issued a $257.00 price target on shares of Generac in a research note on Thursday, April 30th. Wall Street Zen upgraded shares of Generac from a “hold” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Weiss Ratings raised shares of Generac from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 30th. Zacks Research cut shares of Generac from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 4th. Finally, Barclays raised their price objective on shares of Generac from $228.00 to $285.00 and gave the stock an “equal weight” rating in a research report on Monday, June 29th.

Generac Stock Up 0.2%

Generac stock opened at $234.37 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.03 and a quick ratio of 0.99. The company’s 50-day moving average is $266.52 and its 200-day moving average is $217.86. The firm has a market capitalization of $13.80 billion, a PE ratio of 73.47, a P/E/G ratio of 2.19 and a beta of 1.89. 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 results on Wednesday, April 29th. The technology company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.47. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Generac had a return on equity of 15.45% and a net margin of 4.37%.Generac’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the company posted $1.26 earnings per share. Sell-side analysts anticipate that Generac will post 8.91 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Norman P. Taffe sold 550 shares of Generac stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $256.00, for a total transaction of $140,800.00. Following the completion of the sale, the insider directly owned 15,808 shares of the company’s stock, valued at approximately $4,046,848. This trade represents a 3.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 that occurred on Monday, June 1st. The stock was sold at an average price of $272.18, for a total value of $1,360,900.00. Following the sale, the chief executive officer directly owned 564,528 shares of the company’s stock, valued at approximately $153,653,231.04. The trade was a 0.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 6,100 shares of company stock worth $1,651,443. 2.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Generac

Institutional investors and hedge funds have recently modified their holdings of the business. MUFG Securities EMEA plc acquired a new stake in Generac in the 2nd quarter worth about $25,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Generac during the 3rd quarter worth approximately $26,000. Avalon Trust Co acquired a new position in shares of Generac during the 1st quarter worth approximately $32,000. Essential Partners LLC increased its holdings in shares of Generac by 57.0% during the first quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock worth $33,000 after purchasing an additional 61 shares during the period. Finally, GHP Investment Advisors Inc. bought a new position in shares of Generac during the first quarter worth approximately $36,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

About Generac

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.