Generac Holdings Inc. (NYSE:GNRC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Generac Holdings Inc. (NYSE:GNRC) have earned an average recommendation of “Moderate Buy” from the twenty research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $195.2941.

A number of brokerages recently issued reports on GNRC. Wall Street Zen downgraded Generac from a “buy” rating to a “hold” rating in a research report on Sunday, September 28th. Zacks Research downgraded shares of Generac from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 21st. Canaccord Genuity Group lowered their target price on shares of Generac from $240.00 to $236.00 and set a “buy” rating for the company in a report on Tuesday, January 13th. JPMorgan Chase & Co. upgraded shares of Generac from a “neutral” rating to an “overweight” rating and set a $200.00 price target on the stock in a report on Monday, December 8th. Finally, Citigroup raised shares of Generac from a “neutral” rating to a “buy” rating and set a $207.00 price objective on the stock in a research report on Thursday, January 8th.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $166.43, for a total transaction of $832,150.00. Following the completion of the sale, the chief executive officer directly owned 542,966 shares of the company’s stock, valued at approximately $90,365,831.38. This trade represents a 0.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.70% of the company’s stock.

Institutional Trading of Generac

Several institutional investors and hedge funds have recently made changes to their positions in GNRC. State Street Corp grew its holdings in shares of Generac by 2.1% in the second quarter. State Street Corp now owns 2,189,927 shares of the technology company’s stock worth $313,619,000 after purchasing an additional 45,592 shares during the last quarter. Victory Capital Management Inc. grew its stake in Generac by 17.9% in the 3rd quarter. Victory Capital Management Inc. now owns 2,138,139 shares of the technology company’s stock worth $355,530,000 after acquiring an additional 324,809 shares in the last quarter. Invesco Ltd. grew its stake in Generac by 40.9% in the 2nd quarter. Invesco Ltd. now owns 1,992,447 shares of the technology company’s stock worth $285,338,000 after acquiring an additional 577,933 shares in the last quarter. Boston Partners increased its position in shares of Generac by 7.1% during the third quarter. Boston Partners now owns 1,947,332 shares of the technology company’s stock worth $326,003,000 after acquiring an additional 128,439 shares during the period. Finally, Ariel Investments LLC raised its stake in shares of Generac by 11.7% during the second quarter. Ariel Investments LLC now owns 1,804,595 shares of the technology company’s stock valued at $258,436,000 after acquiring an additional 188,717 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors.

Generac Trading Down 1.4%

GNRC opened at $172.96 on Monday. The stock has a 50-day moving average of $151.48 and a 200 day moving average of $167.42. The company has a current ratio of 2.18, a quick ratio of 1.02 and a debt-to-equity ratio of 0.51. Generac has a 12 month low of $99.50 and a 12 month high of $203.25. The firm has a market cap of $10.15 billion, a P/E ratio of 32.95, a P/E/G ratio of 1.39 and a beta of 1.82.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, October 29th. The technology company reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.42). The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Generac had a net margin of 6.92% and a return on equity of 17.63%. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter last year, the company earned $2.25 earnings per share. As a group, research analysts forecast that Generac will post 8 EPS for the current year.

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.