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

Key Points

• Moderate Buy consensus from 19 analysts (13 buy, 5 hold, 1 strong buy) with an average 1‑year price target of $220.19 and individual targets ranging as high as $292.
• Generac missed quarterly estimates — EPS $1.61 vs. $1.81 expected and revenue $1.09B vs. $1.16B, with revenue down 11.6% year‑over‑year; the stock trades at a P/E of 77.22 and a market cap of $12.14B.
• CFO York A. Ragen sold 24,362 shares at about $235.61 (a ~15% reduction in his stake); insiders own 2.7% of the stock while institutional investors hold roughly 84.04%.

Generac Holdings Inc. (NYSE:GNRC - Get Free Report) has been given an average rating of "Moderate Buy" by the nineteen research firms that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $220.1875.

A number of research analysts recently weighed in on the company. Barclays upped their price objective on Generac from $186.00 to $213.00 and gave the stock an "equal weight" rating in a report on Thursday, February 12th. Roth Mkm reissued a "neutral" rating and issued a $220.00 target price on shares of Generac in a report on Thursday, February 12th. Needham & Company LLC assumed coverage on shares of Generac in a research report on Monday, January 12th. They set a "buy" rating and a $211.00 target price on the stock. TD Cowen upped their price target on shares of Generac from $220.00 to $255.00 and gave the stock a "buy" rating in a research note on Thursday, February 12th. Finally, Robert W. Baird set a $292.00 price target on shares of Generac in a report on Thursday, February 12th.

Generac Price Performance

Shares of NYSE:GNRC opened at $206.94 on Tuesday. Generac has a 52 week low of $99.50 and a 52 week high of $241.09. The company has a 50-day moving average price of $185.65 and a 200 day moving average price of $173.84. The company has a market cap of $12.14 billion, a P/E ratio of 77.22, a PEG ratio of 1.49 and a beta of 1.74. The company has a quick ratio of 1.00, a current ratio of 2.03 and a debt-to-equity ratio of 0.48.

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

Insiders Place Their Bets

In other Generac news, CFO York A. Ragen sold 24,362 shares of the company's stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $235.61, for a total transaction of $5,739,930.82. Following the transaction, the chief financial officer directly owned 137,182 shares in the company, valued at approximately $32,321,451.02. This represents a 15.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.70% of the company's stock.

Institutional Investors Weigh In On Generac

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA acquired a new position in Generac in the 3rd quarter valued at about $70,744,000. Strs Ohio boosted its stake in shares of Generac by 583.4% during the 3rd quarter. Strs Ohio now owns 58,096 shares of the technology company's stock worth $9,725,000 after purchasing an additional 49,595 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Generac by 2.6% during the third quarter. Envestnet Asset Management Inc. now owns 597,559 shares of the technology company's stock worth $100,031,000 after buying an additional 15,280 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Generac by 2.9% during the second quarter. JPMorgan Chase & Co. now owns 361,189 shares of the technology company's stock worth $51,728,000 after buying an additional 10,325 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Generac by 30.5% in the third quarter. Principal Financial Group Inc. now owns 86,623 shares of the technology company's stock valued at $14,501,000 after buying an additional 20,270 shares during the last quarter. 84.04% of the stock is currently 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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