Generac Holdings Inc. (NYSE:GNRC) Receives Consensus Recommendation of “Hold” from Analysts

Generac Holdings Inc. (NYSE:GNRC) has been assigned an average rating of “Hold” from the twenty-three brokerages that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $141.67.

A number of equities research analysts have recently issued reports on the company. Canaccord Genuity Group boosted their target price on Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. OTR Global raised shares of Generac from a “mixed” rating to a “positive” rating in a research note on Tuesday, April 2nd. Janney Montgomery Scott downgraded shares of Generac from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $126.00 to $154.00 in a research report on Thursday, June 13th. Truist Financial upped their price target on shares of Generac from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $149.00 price objective on shares of Generac in a research report on Thursday, May 23rd.

Generac Price Performance

NYSE:GNRC opened at $136.00 on Friday. The company has a quick ratio of 0.97, a current ratio of 2.29 and a debt-to-equity ratio of 0.61. The business’s 50-day moving average price is $140.21 and its 200 day moving average price is $128.02. Generac has a 52-week low of $79.86 and a 52-week high of $156.95. The firm has a market cap of $8.24 billion, a P/E ratio of 37.47, a PEG ratio of 1.85 and a beta of 1.44.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, May 1st. The technology company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.16. The business had revenue of $889.27 million for the quarter, compared to the consensus estimate of $886.60 million. Generac had a net margin of 5.68% and a return on equity of 14.68%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.63 EPS. As a group, sell-side analysts predict that Generac will post 6.15 earnings per share for the current fiscal year.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $139.95, for a total transaction of $699,750.00. Following the transaction, the chief executive officer now owns 587,177 shares in the company, valued at $82,175,421.15. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $139.95, for a total transaction of $699,750.00. Following the completion of the transaction, the chief executive officer now owns 587,177 shares of the company’s stock, valued at approximately $82,175,421.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Patrick John Forsythe sold 65,855 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $145.80, for a total value of $9,601,659.00. Following the completion of the sale, the insider now directly owns 19,815 shares in the company, valued at $2,889,027. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 80,785 shares of company stock valued at $11,688,161. Corporate insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Generac

Several large investors have recently bought and sold shares of GNRC. Empirical Finance LLC raised its position in shares of Generac by 4.5% during the first quarter. Empirical Finance LLC now owns 1,748 shares of the technology company’s stock valued at $220,000 after buying an additional 75 shares during the last quarter. Peregrine Asset Advisers Inc. lifted its position in shares of Generac by 1.6% in the 4th quarter. Peregrine Asset Advisers Inc. now owns 5,600 shares of the technology company’s stock worth $724,000 after acquiring an additional 90 shares during the period. EntryPoint Capital LLC lifted its position in shares of Generac by 73.2% in the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after acquiring an additional 90 shares during the period. American International Group Inc. increased its position in shares of Generac by 0.6% during the fourth quarter. American International Group Inc. now owns 16,550 shares of the technology company’s stock valued at $2,139,000 after purchasing an additional 93 shares during the period. Finally, B. Riley Wealth Advisors Inc. raised its stake in shares of Generac by 2.2% in the first quarter. B. Riley Wealth Advisors Inc. now owns 4,427 shares of the technology company’s stock valued at $558,000 after purchasing an additional 94 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

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.