Generac Holdings Inc. (NYSE:GNRC) Receives $165.40 Consensus Target Price from Brokerages

Shares of Generac Holdings Inc. (NYSE:GNRC) have received an average recommendation of “Hold” from the twenty-one ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $165.40.

Several equities analysts have commented on GNRC shares. Canaccord Genuity Group lifted their target price on shares of Generac from $177.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Roth Mkm upped their price objective on Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Citigroup lifted their target price on Generac from $128.00 to $172.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. increased their price target on shares of Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, Scotiabank lifted their price objective on shares of Generac from $147.00 to $160.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total transaction of $794,650.00. Following the sale, the chief executive officer now owns 562,177 shares of the company’s stock, valued at approximately $89,346,790.61. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Generac

Several large investors have recently added to or reduced their stakes in the business. William Blair Investment Management LLC bought a new stake in Generac during the second quarter valued at approximately $98,282,000. International Assets Investment Management LLC raised its position in shares of Generac by 25,311.7% during the 3rd quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company’s stock valued at $42,433,000 after buying an additional 266,026 shares in the last quarter. DAVENPORT & Co LLC lifted its holdings in shares of Generac by 831.1% during the 1st quarter. DAVENPORT & Co LLC now owns 240,111 shares of the technology company’s stock worth $30,288,000 after acquiring an additional 214,322 shares during the last quarter. Stephens Investment Management Group LLC grew its position in Generac by 678.5% in the third quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company’s stock worth $30,560,000 after acquiring an additional 167,641 shares in the last quarter. Finally, Blair William & Co. IL increased its stake in Generac by 29.2% in the second quarter. Blair William & Co. IL now owns 457,475 shares of the technology company’s stock valued at $60,487,000 after acquiring an additional 103,439 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

Generac Trading Up 0.8 %

Shares of Generac stock opened at $165.65 on Friday. The company has a current ratio of 2.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.61. The stock has a fifty day simple moving average of $155.89 and a 200 day simple moving average of $147.20. Generac has a 12-month low of $79.86 and a 12-month high of $176.14. The company has a market capitalization of $10.04 billion, a P/E ratio of 45.63, a price-to-earnings-growth ratio of 2.15 and a beta of 1.38.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, July 31st. The technology company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.20 by $0.15. Generac had a net margin of 6.03% and a return on equity of 15.35%. The company had revenue of $998.20 million during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the company posted $1.08 earnings per share. The firm’s revenue for the quarter was down .2% on a year-over-year basis. On average, sell-side analysts anticipate that Generac will post 6.49 earnings per share for the current fiscal 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.