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

Shares of Generac Holdings Inc. (NYSE:GNRC - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twenty research firms that are presently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $169.17.

GNRC has been the subject of a number of recent research reports. Canaccord Genuity Group reduced their price objective on Generac from $200.00 to $180.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Piper Sandler decreased their price target on Generac from $175.00 to $155.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Robert W. Baird lowered their price objective on Generac from $171.00 to $127.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Guggenheim raised shares of Generac from a "sell" rating to a "neutral" rating in a report on Monday, March 17th. Finally, Stifel Nicolaus lowered their price target on shares of Generac from $200.00 to $195.00 and set a "buy" rating on the stock in a report on Thursday, May 1st.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $142.40, for a total value of $712,000.00. Following the completion of the transaction, the chief executive officer directly owned 562,966 shares of the company's stock, valued at approximately $80,166,358.40. This represents a 0.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Generac

Large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Generac by 2.0% during the first quarter. Vanguard Group Inc. now owns 6,932,913 shares of the technology company's stock worth $878,053,000 after acquiring an additional 137,363 shares during the last quarter. Boston Partners lifted its stake in Generac by 39.0% in the 4th quarter. Boston Partners now owns 1,903,297 shares of the technology company's stock worth $295,123,000 after purchasing an additional 533,612 shares in the last quarter. Ariel Investments LLC boosted its holdings in shares of Generac by 10.1% during the 1st quarter. Ariel Investments LLC now owns 1,615,878 shares of the technology company's stock worth $204,651,000 after purchasing an additional 148,551 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Generac by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 1,441,772 shares of the technology company's stock valued at $223,293,000 after purchasing an additional 14,844 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Generac by 25.3% in the first quarter. Invesco Ltd. now owns 1,414,514 shares of the technology company's stock valued at $179,148,000 after purchasing an additional 285,388 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.

Generac Stock Performance

NYSE:GNRC traded up $1.75 during midday trading on Thursday, hitting $152.37. The company's stock had a trading volume of 716,859 shares, compared to its average volume of 864,550. Generac has a fifty-two week low of $99.50 and a fifty-two week high of $195.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.89. The firm has a market cap of $9.00 billion, a P/E ratio of 26.55, a P/E/G ratio of 1.37 and a beta of 1.72. The firm's 50 day moving average is $127.72 and its 200-day moving average is $134.69.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.99 by $0.27. Generac had a net margin of 7.68% and a return on equity of 18.90%. The firm had revenue of $942.12 million for the quarter, compared to analyst estimates of $921.78 million. During the same quarter in the prior year, the business earned $0.88 earnings per share. The business's quarterly revenue was up 5.9% compared to the same quarter last year. Equities analysts anticipate that Generac will post 8 earnings per share for the current fiscal year.

Generac Company Profile

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.