Generac Holdings Inc. (NYSE:GNRC) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Analyst consensus: Twenty brokerages rate Generac a "Moderate Buy" (12 buys, 7 holds, 1 strong buy) with an average 12‑month price target of about $229.94.
• Recent earnings miss: Generac reported $1.61 EPS vs. $1.81 expected and $1.09B revenue vs. $1.16B expected, with revenue down 11.6% YoY and a net margin of 3.79%.
• Ownership and valuation notes: CFO York Ragen sold 24,362 shares at ~$235.61 (a 15.1% cut to his position), insiders own 2.7% while institutions own 84.0%; market cap is ~$11.4B with a P/E of 72.4.

Shares of Generac Holdings Inc. (NYSE:GNRC - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twenty research firms that are currently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $229.9412.

A number of equities research analysts have issued reports on the stock. Robert W. Baird set a $292.00 price objective on shares of Generac in a research note on Thursday, February 12th. TD Cowen boosted their target price on shares of Generac from $220.00 to $255.00 and gave the company a "buy" rating in a research report on Thursday, February 12th. Needham & Company LLC reaffirmed a "buy" rating and set a $277.00 price target on shares of Generac in a report on Thursday, March 26th. 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 research report on Monday, December 8th. Finally, Stifel Nicolaus set a $235.00 price objective on shares of Generac in a research report on Thursday, February 12th.

Generac Stock Down 0.0%

NYSE GNRC opened at $194.07 on Friday. The company has a market cap of $11.39 billion, a price-to-earnings ratio of 72.41, a PEG ratio of 1.38 and a beta of 1.78. Generac has a 1-year low of $99.50 and a 1-year high of $241.09. The company has a current ratio of 2.03, a quick ratio of 1.00 and a debt-to-equity ratio of 0.48. The company has a 50 day moving average of $203.25 and a 200-day moving average of $176.05.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The technology company reported $1.61 EPS for the quarter, missing analysts' consensus estimates of $1.81 by ($0.20). The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.16 billion. Generac had a return on equity of 14.55% and a net margin of 3.79%.Generac's revenue was down 11.6% on a year-over-year basis. During the same quarter last year, the business earned $2.80 EPS. On average, equities research analysts expect that Generac will post 8 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO York A. Ragen sold 24,362 shares of Generac stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $235.61, for a total value of $5,739,930.82. Following the transaction, the chief financial officer owned 137,182 shares in the company, valued at approximately $32,321,451.02. This trade represents a 15.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.70% of the company's stock.

Institutional Trading of Generac

Several large investors have recently bought and sold shares of the business. NewEdge Advisors LLC boosted its stake in shares of Generac by 6.2% in the 1st quarter. NewEdge Advisors LLC now owns 2,439 shares of the technology company's stock valued at $309,000 after purchasing an additional 142 shares in the last quarter. Woodline Partners LP increased its position in Generac by 40.9% during the 1st quarter. Woodline Partners LP now owns 5,036 shares of the technology company's stock worth $638,000 after purchasing an additional 1,463 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Generac by 4.4% in the 2nd quarter. Quadrant Capital Group LLC now owns 2,237 shares of the technology company's stock valued at $320,000 after purchasing an additional 95 shares during the last quarter. Norges Bank bought a new position in Generac in the 2nd quarter valued at approximately $53,138,000. Finally, CW Advisors LLC boosted its position in Generac by 70.8% in the second quarter. CW Advisors LLC now owns 75,656 shares of the technology company's stock valued at $10,835,000 after buying an additional 31,357 shares in the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

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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