Generac Holdings Inc. (NYSE:GNRC) Receives $229.94 Consensus PT from Analysts

Shares of Generac Holdings Inc. (NYSE:GNRC) have been given an average recommendation of “Moderate Buy” by the twenty research firms that are presently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $229.9412.

A number of equities research analysts recently weighed in on GNRC shares. Zacks Research upgraded shares of Generac from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 19th. Guggenheim restated a “neutral” rating and set a $202.00 price objective on shares of Generac in a research note on Tuesday, February 10th. Weiss Ratings restated a “hold (c)” rating on shares of Generac in a research note on Thursday, January 22nd. Needham & Company LLC restated a “buy” rating and set a $277.00 price objective on shares of Generac in a research note on Thursday, March 26th. Finally, TD Cowen lifted their price objective on shares of Generac from $220.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, February 12th.

Insiders Place Their Bets

In other Generac news, CFO York A. Ragen sold 24,362 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $235.61, for a total value of $5,739,930.82. Following the completion of the sale, the chief financial officer directly owned 137,182 shares of the company’s stock, valued at approximately $32,321,451.02. This represents a 15.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Generac

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Nicollet Investment Management Inc. lifted its holdings in Generac by 0.7% in the 4th quarter. Nicollet Investment Management Inc. now owns 7,734 shares of the technology company’s stock valued at $1,055,000 after acquiring an additional 50 shares during the last quarter. Gen Wealth Partners Inc lifted its holdings in Generac by 8.7% in 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. Wilmington Savings Fund Society FSB lifted its holdings in Generac by 21.7% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 331 shares of the technology company’s stock valued at $55,000 after acquiring an additional 59 shares during the last quarter. Meridian Financial Partners LLC lifted its holdings in Generac by 0.6% in 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, Sentry Investment Management LLC lifted its holdings in Generac by 69.8% in the 3rd quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock valued at $28,000 after acquiring an additional 67 shares during the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Stock Performance

Shares of GNRC opened at $195.49 on Friday. Generac has a 1 year low of $99.50 and a 1 year high of $241.09. The firm has a fifty day moving average of $203.81 and a 200-day moving average of $176.04. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.00 and a current ratio of 2.03. The company has a market cap of $11.47 billion, a price-to-earnings ratio of 72.94, a price-to-earnings-growth ratio of 1.38 and a beta of 1.78.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, February 11th. The technology company reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.20). Generac had a net margin of 3.79% and a return on equity of 14.55%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the firm earned $2.80 earnings per share. Generac’s revenue for the quarter was down 11.6% compared to the same quarter last year. As a group, equities analysts anticipate that Generac will post 8 earnings per share 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.