Generac Holdings Inc. (NYSE:GNRC) Stock Has Average Price Target of $295.40

Key Points

• Analysts remain moderately bullish on Generac, with a consensus “Moderate Buy” rating from 20 firms and an average 12-month price target of $295.40.
• Generac reported quarterly EPS of $2.91, beating estimates of $2.01, while revenue reached $1.17 billion and increased 10.3% year over year.
• The stock opened at $208.14, with a market capitalization of $12.28 billion; institutional investors own approximately 84.04% of outstanding shares, while insiders sold shares over the past 90 days.

Shares of Generac Holdings Inc. (NYSE:GNRC - Get Free Report) have earned an average rating of "Moderate Buy" from the twenty research firms that are covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $295.40.

A number of equities research analysts have commented on GNRC shares. DA Davidson set a $333.00 target price on shares of Generac in a research note on Thursday, July 30th. Needham & Company LLC reiterated a "buy" rating and issued a $283.00 price target on shares of Generac in a research report on Thursday, September 17th. Jefferies Financial Group reissued a "buy" rating on shares of Generac in a research note on Thursday, September 17th. Weiss Ratings upgraded shares of Generac from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, August 5th. Finally, UBS Group restated a "buy" rating on shares of Generac in a research note on Friday.

Generac Stock Performance

Shares of GNRC opened at $208.14 on Friday. The company has a quick ratio of 1.00, a current ratio of 2.04 and a debt-to-equity ratio of 0.43. The business has a 50-day simple moving average of $200.72 and a two-hundred day simple moving average of $225.90. The stock has a market cap of $12.28 billion, a price-to-earnings ratio of 47.96, a PEG ratio of 1.70 and a beta of 1.91. Generac has a 52 week low of $134.80 and a 52 week high of $296.44.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.91 earnings per share for the quarter, beating analysts' consensus estimates of $2.01 by $0.90. The firm had revenue of $1.17 billion for 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 business's quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.65 EPS. On average, analysts expect that Generac will post 9.74 EPS for the current year.

Insider Buying and Selling at Generac

In other Generac news, insider Norman Taffe sold 150 shares of the firm's stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $229.50, for a total transaction of $34,425.00. Following the sale, the insider directly owned 11,276 shares of the company's stock, valued at $2,587,842. This trade represents a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $182.21, for a total value of $911,050.00. Following the completion of the transaction, the chief executive officer owned 549,528 shares in the company, valued at $100,129,496.88. The trade was a 0.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 12,839 shares of company stock valued at $2,519,973 over the last ninety days. 2.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GNRC. BlackRock Inc. purchased a new stake in Generac during the 2nd quarter valued at approximately $1,170,960,000. Diamant Asset Management Inc. lifted its holdings in shares of Generac by 19,433.0% in the first quarter. Diamant Asset Management Inc. now owns 666,075 shares of the technology company's stock worth $130,104,000 after buying an additional 662,665 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of Generac in the second quarter worth $175,942,000. Park Presidio Capital LLC bought a new position in shares of Generac during the second quarter worth $158,140,000. Finally, Norges Bank bought a new position in shares of Generac during the fourth quarter worth $68,590,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Generac Company Profile

Generac Holdings Inc is an energy technology company that designs and manufactures power generation and energy management products. Its portfolio includes residential standby generators, portable generators, commercial and industrial generator systems, and related transfer switches, controls and monitoring technologies.

The company also offers clean energy and electrification solutions, including battery energy storage systems, solar-related products, electric vehicle chargers and load-management technologies.

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