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

Shares of Generac Holdings Inc. (NYSE:GNRC - Get Free Report) have earned a consensus rating of "Moderate Buy" from the nineteen analysts that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $284.8421.

A number of brokerages have recently issued reports on GNRC. Weiss Ratings raised Generac from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday. DA Davidson set a $333.00 price objective on Generac in a report on Thursday, July 30th. Stephens reaffirmed an "overweight" rating and issued a $290.00 target price on shares of Generac in a research report on Thursday, May 21st. Jefferies Financial Group reissued a "buy" rating on shares of Generac in a research report on Wednesday, June 3rd. Finally, Wall Street Zen upgraded shares of Generac from a "hold" rating to a "strong-buy" rating in a research note on Saturday, May 9th.

Generac Trading Down 2.9%

GNRC opened at $211.21 on Friday. The firm's 50 day moving average is $245.49 and its 200-day moving average is $226.32. Generac has a 52-week low of $134.80 and a 52-week high of $296.44. 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 firm has a market capitalization of $12.46 billion, a P/E ratio of 48.67, a P/E/G ratio of 1.88 and a beta of 1.92.

Generac (NYSE:GNRC - Get Free Report) last announced its earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.90. Generac had a net margin of 5.82% and a return on equity of 17.83%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the prior year, the firm earned $1.65 earnings per share. The business's quarterly revenue was up 10.3% compared to the same quarter last year. Analysts expect that Generac will post 9.63 EPS for the current fiscal year.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $194.89, for a total value of $974,450.00. Following the completion of the transaction, the chief executive officer directly owned 554,528 shares in the company, valued at approximately $108,071,961.92. This trade represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 that occurred on Wednesday, August 5th. The shares were 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 in the company, valued at $3,393,615.64. The trade was a 3.43% decrease in their position. 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. Over the last three months, insiders have sold 11,650 shares of company stock valued at $2,746,250. 2.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Generac

A number of institutional investors have recently made changes to their positions in GNRC. Hsbc Holdings PLC grew its position in shares of Generac by 42.8% during the 4th quarter. Hsbc Holdings PLC now owns 93,080 shares of the technology company's stock valued at $12,711,000 after buying an additional 27,893 shares during the last quarter. Willis Investment Counsel lifted its holdings in Generac by 10.5% in the fourth quarter. Willis Investment Counsel now owns 143,137 shares of the technology company's stock worth $19,520,000 after acquiring an additional 13,553 shares during the last quarter. Needham Investment Management LLC boosted its stake in Generac by 213.6% in the fourth quarter. Needham Investment Management LLC now owns 34,500 shares of the technology company's stock valued at $4,705,000 after acquiring an additional 23,500 shares during the period. BOK Financial Private Wealth Inc. acquired a new position in Generac in the fourth quarter valued at approximately $699,000. Finally, Patton Fund Management Inc. bought a new position in shares of Generac during the first quarter valued at approximately $3,797,000. 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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