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

Shares of Generac Holdings Inc. (NYSE:GNRC) have been given an average recommendation of “Moderate Buy” by the nineteen analysts that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $284.8421.

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Generac from $229.00 to $267.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Raymond James Financial set a $302.00 price objective on Generac in a research report on Friday, May 22nd. Roth Capital set a $214.00 price objective on Generac in a report on Thursday, July 30th. Wells Fargo & Company lifted their target price on Generac from $238.00 to $280.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, UBS Group raised their price target on Generac from $335.00 to $340.00 and gave the company a “buy” rating in a report on Tuesday.

Generac Stock Performance

GNRC stock opened at $211.21 on Friday. Generac has a 1 year low of $134.80 and a 1 year high of $296.44. The stock has a market capitalization of $12.46 billion, a price-to-earnings ratio of 48.67, a PEG ratio of 1.88 and a beta of 1.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 2.04. The stock’s fifty day moving average is $245.49 and its two-hundred day moving average is $226.32.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.91 EPS for the quarter, topping the consensus estimate of $2.01 by $0.90. Generac had a net margin of 5.82% and a return on equity of 17.83%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the firm earned $1.65 earnings per share. The company’s quarterly revenue was up 10.3% on a year-over-year basis. On average, research analysts predict that Generac will post 9.63 EPS for the current year.

Insider Transactions at Generac

In other news, insider Norman P. Taffe sold 550 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $218.83, for a total value of $120,356.50. Following the completion of the sale, the insider directly owned 15,508 shares of the company’s stock, valued at approximately $3,393,615.64. This represents a 3.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $194.89, for a total transaction of $974,450.00. Following the completion of the transaction, the chief executive officer owned 554,528 shares of the company’s stock, valued at $108,071,961.92. This trade represents a 0.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 11,650 shares of company stock worth $2,746,250 over the last 90 days. 2.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Simplicity Wealth LLC bought a new stake in Generac in the second quarter worth about $780,000. Baxter Bros Inc. acquired a new position in shares of Generac in the 2nd quarter worth approximately $243,000. Wealth Effects LLC acquired a new position in shares of Generac in the 2nd quarter worth approximately $1,606,000. N.E.W. Advisory Services LLC acquired a new stake in Generac during the second quarter valued at approximately $25,000. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Generac during the second quarter valued at approximately $9,078,000. Institutional investors own 84.04% of the company’s stock.

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.