Generac Holdings Inc. (NYSE:GNRC) Receives Average Rating of “Hold” from Brokerages

Shares of Generac Holdings Inc. (NYSE:GNRC) have been assigned an average recommendation of “Hold” from the twenty-one ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $175.30.

A number of research firms recently commented on GNRC. Truist Financial increased their price objective on Generac from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. The Goldman Sachs Group increased their price target on shares of Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. StockNews.com raised shares of Generac from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. Barclays started coverage on shares of Generac in a report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price objective for the company. Finally, Piper Sandler raised their target price on Generac from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 22nd.

Generac Trading Down 1.1 %

Shares of NYSE:GNRC opened at $156.12 on Friday. The firm has a fifty day moving average of $176.73 and a two-hundred day moving average of $157.70. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. Generac has a 12-month low of $108.89 and a 12-month high of $195.94. The firm has a market capitalization of $9.29 billion, a P/E ratio of 32.39, a price-to-earnings-growth ratio of 2.09 and a beta of 1.39.

Generac (NYSE:GNRC) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. Generac had a return on equity of 16.70% and a net margin of 7.17%. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter last year, the firm earned $1.64 earnings per share. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, equities analysts expect that Generac will post 6.84 EPS for the current fiscal year.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total value of $794,650.00. Following the sale, the chief executive officer now owns 562,177 shares of the company’s stock, valued at $89,346,790.61. The trade was a 0.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO York A. Ragen sold 29,081 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the transaction, the chief financial officer now directly owns 135,613 shares of the company’s stock, valued at $25,051,789.49. The trade was a 17.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,268 shares of company stock worth $7,584,853 in the last ninety days. Insiders own 2.90% of the company’s stock.

Institutional Trading of Generac

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GNRC. William Blair Investment Management LLC bought a new stake in Generac in the second quarter valued at $98,282,000. Dimensional Fund Advisors LP boosted its stake in shares of Generac by 5.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 702,811 shares of the technology company’s stock valued at $92,941,000 after purchasing an additional 35,026 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Generac by 114.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock valued at $88,944,000 after purchasing an additional 299,205 shares in the last quarter. Ninety One UK Ltd increased its position in shares of Generac by 0.7% during the 2nd quarter. Ninety One UK Ltd now owns 519,741 shares of the technology company’s stock worth $68,720,000 after purchasing an additional 3,849 shares in the last quarter. Finally, Blair William & Co. IL lifted its holdings in Generac by 29.2% during the 2nd quarter. Blair William & Co. IL now owns 457,475 shares of the technology company’s stock valued at $60,487,000 after purchasing an additional 103,439 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

Generac Company Profile

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.