Generac Holdings Inc. (NYSE:GNRC) Receives $284.84 Consensus Target Price from Analysts

Generac Holdings Inc. (NYSE:GNRC) has been given a consensus rating of “Moderate Buy” by the nineteen ratings firms that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $284.8421.

A number of equities research analysts have commented on the company. Roth Capital set a $214.00 price objective on Generac in a research report on Thursday, July 30th. Barclays dropped their target price on Generac from $285.00 to $278.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. Raymond James Financial set a $302.00 price target on shares of Generac in a report on Friday, May 22nd. Canaccord Genuity Group lowered their price objective on shares of Generac from $325.00 to $275.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Generac in a research note on Wednesday, June 3rd.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $182.21, for a total value of $911,050.00. Following the transaction, the chief executive officer owned 549,528 shares in the company, valued at approximately $100,129,496.88. This represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman Taffe sold 550 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $218.83, for a total transaction of $120,356.50. Following the transaction, the insider directly owned 15,508 shares in the company, valued at approximately $3,393,615.64. The trade was a 3.43% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 11,686 shares of company stock valued at $2,271,680 in the last three months. Corporate insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Generac

A number of large investors have recently bought and sold shares of GNRC. Nicollet Investment Management Inc. lifted its position in shares of Generac by 0.7% in the fourth quarter. Nicollet Investment Management Inc. now owns 7,734 shares of the technology company’s stock worth $1,055,000 after buying an additional 50 shares during the last quarter. Root Financial Partners LLC boosted its stake in shares of Generac by 32.9% during the 1st quarter. Root Financial Partners LLC now owns 218 shares of the technology company’s stock worth $43,000 after acquiring an additional 54 shares in the last quarter. Gen Wealth Partners Inc increased its holdings in shares of Generac by 8.7% during the 4th quarter. Gen Wealth Partners Inc now owns 675 shares of the technology company’s stock valued at $92,000 after acquiring an additional 54 shares during the last quarter. Meridian Financial Partners LLC increased its holdings in shares of Generac by 0.6% during the 4th quarter. Meridian Financial Partners LLC now owns 10,056 shares of the technology company’s stock valued at $1,371,000 after acquiring an additional 61 shares during the last quarter. Finally, Essential Partners LLC raised its stake in shares of Generac by 57.0% in the 1st quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock valued at $33,000 after acquiring an additional 61 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors.

Generac Stock Up 0.0%

GNRC stock opened at $187.44 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.04 and a quick ratio of 1.00. The firm has a market capitalization of $11.06 billion, a P/E ratio of 43.19, a P/E/G ratio of 1.60 and a beta of 1.91. Generac has a 52-week low of $134.80 and a 52-week high of $296.44. The company’s 50 day simple moving average is $214.20 and its 200-day simple moving average is $229.14.

Generac (NYSE:GNRC) last posted its quarterly earnings data 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 firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Generac had a net margin of 5.82% and a return on equity of 17.83%. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.65 EPS. As a group, equities research analysts anticipate that Generac will post 9.78 EPS for the current year.

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.