Generac Holdings Inc. (NYSE:GNRC) Receives Average Recommendation of "Moderate Buy" from Analysts

Generac Holdings Inc. (NYSE:GNRC - Get Free Report) has received an average recommendation of "Moderate Buy" from the nineteen analysts that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $284.8421.

Several analysts recently issued reports on the stock. Robert W. Baird set a $305.00 price target on shares of Generac in a research report on Thursday, July 30th. Barclays lowered their price objective on shares of Generac from $285.00 to $278.00 and set an "equal weight" rating on the stock in a report on Thursday, July 30th. Stifel Nicolaus lifted their price objective on shares of Generac from $275.00 to $285.00 and gave the company a "buy" rating in a report on Thursday, July 30th. UBS Group boosted their target price on shares of Generac from $335.00 to $340.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. Finally, Roth Capital set a $214.00 target price on shares of Generac in a report on Thursday, July 30th.

Generac Stock Up 1.2%

GNRC stock opened at $185.97 on Tuesday. The stock's 50 day simple moving average is $224.10 and its 200 day simple moving average is $230.49. The company has a market cap of $10.97 billion, a P/E ratio of 42.85, a price-to-earnings-growth ratio of 1.57 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. Generac has a fifty-two week low of $134.80 and a fifty-two week high of $296.44.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.91 EPS for the quarter, beating analysts' consensus estimates of $2.01 by $0.90. The firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.18 billion. Generac had a return on equity of 17.83% and a net margin of 5.82%.The company's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.65 earnings per share. On average, research analysts expect that Generac will post 9.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $194.89, for a total transaction of $974,450.00. Following the transaction, the chief executive officer owned 554,528 shares of the company's stock, valued at $108,071,961.92. The trade was a 0.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of the company's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $218.83, for a total value of $120,356.50. Following the sale, the insider owned 15,508 shares of the company's stock, valued at $3,393,615.64. This trade represents a 3.43% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 7,236 shares of company stock valued at $1,510,373. Corporate insiders own 2.40% of the company's stock.

Hedge Funds Weigh In On Generac

Several large investors have recently bought and sold shares of GNRC. California State Teachers Retirement System grew its stake in shares of Generac by 29,322.7% in the 2nd quarter. California State Teachers Retirement System now owns 19,945,924 shares of the technology company's stock worth $5,840,366,000 after acquiring an additional 19,878,133 shares in the last quarter. BlackRock Inc. bought a new position in shares of Generac during the second quarter valued at about $1,170,960,000. Invesco Ltd. boosted its holdings in Generac by 49.9% during the fourth quarter. Invesco Ltd. now owns 2,423,971 shares of the technology company's stock worth $330,557,000 after purchasing an additional 806,430 shares during the last quarter. State Street Corp boosted its holdings in Generac by 2.1% during 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. Finally, Boston Partners grew its position in Generac by 7.1% in the 3rd quarter. Boston Partners now owns 1,947,332 shares of the technology company's stock worth $326,003,000 after purchasing an additional 128,439 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors.

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.

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