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

Key Points

• Generac Holdings Inc. has received an average recommendation of "Moderate Buy" from analysts, with 12 buy ratings, 7 hold ratings, and 1 sell rating.
• CEO Aaron Jagdfeld recently sold 5,000 shares for approximately $837,100, which represents a 0.90% decrease in his ownership.
• Vanguard Group and other institutional investors have increased their holdings in Generac, reflecting a strong interest in the stock, which is owned 84.04% by such investors.

Shares of Generac Holdings Inc. (NYSE:GNRC - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twenty ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $184.1111.

GNRC has been the subject of several research analyst reports. Canaccord Genuity Group dropped their target price on shares of Generac from $250.00 to $240.00 and set a "buy" rating for the company in a research report on Thursday, September 25th. Barclays dropped their target price on shares of Generac from $200.00 to $188.00 and set an "equal weight" rating for the company in a research report on Monday. Citigroup cut shares of Generac from a "neutral" rating to a "negative" rating in a research report on Thursday. Stifel Nicolaus lifted their price target on shares of Generac from $195.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Wells Fargo & Company lifted their price target on shares of Generac from $128.00 to $180.00 and gave the company an "equal weight" rating in a research report on Thursday, July 31st.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $167.42, for a total value of $837,100.00. Following the completion of the transaction, the chief executive officer directly owned 547,966 shares of the company's stock, valued at approximately $91,740,467.72. The trade was a 0.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.70% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GNRC. Vanguard Group Inc. raised its holdings in shares of Generac by 2.0% during the first quarter. Vanguard Group Inc. now owns 6,932,913 shares of the technology company's stock valued at $878,053,000 after purchasing an additional 137,363 shares during the last quarter. State Street Corp raised its holdings in shares of Generac by 2.1% during the second quarter. State Street Corp now owns 2,189,927 shares of the technology company's stock valued at $313,619,000 after purchasing an additional 45,592 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Generac by 40.9% during the second quarter. Invesco Ltd. now owns 1,992,447 shares of the technology company's stock valued at $285,338,000 after purchasing an additional 577,933 shares during the last quarter. Ariel Investments LLC raised its holdings in shares of Generac by 11.7% during the second quarter. Ariel Investments LLC now owns 1,804,595 shares of the technology company's stock valued at $258,436,000 after purchasing an additional 188,717 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Generac by 3.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 914,905 shares of the technology company's stock valued at $131,024,000 after purchasing an additional 33,784 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Generac Trading Down 1.0%

NYSE:GNRC opened at $170.23 on Friday. The company has a 50-day moving average price of $183.16 and a 200-day moving average price of $148.70. Generac has a 12 month low of $99.50 and a 12 month high of $203.25. The company has a current ratio of 2.00, a quick ratio of 0.88 and a debt-to-equity ratio of 0.50. The stock has a market cap of $9.99 billion, a price-to-earnings ratio of 28.28, a P/E/G ratio of 1.37 and a beta of 1.64.

Generac (NYSE:GNRC - Get Free Report) last posted its earnings results on Wednesday, July 30th. The technology company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.33 by $0.32. Generac had a net margin of 7.91% and a return on equity of 19.14%. The firm had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.03 billion. During the same period last year, the company posted $1.35 EPS. The company's quarterly revenue was up 6.3% compared to the same quarter last year. Generac has set its FY 2025 guidance at EPS. Equities analysts predict that Generac will post 8 EPS for the current year.

About Generac

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.

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