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

Key Points

• Analyst consensus: Nineteen brokerages give Generac an average rating of "Moderate Buy" (11 buys, 7 holds, 1 strong buy) with a 12‑month average price target of $233.94.
• Insider and institutional activity: CFO York A. Ragen sold 24,362 shares (~$5.74M), reducing his stake by 15.08%; insiders own 2.70% while institutions hold 84.04%, with firms like Invesco, State Street and Victory Capital increasing positions.
• Recent results and valuation: Generac missed the quarter (EPS $1.61 vs. $1.81 expected; revenue down 11.6%), trades at about a 81x P/E with a $12.7B market cap, and analysts forecast roughly 8.42 EPS for the year.

Generac Holdings Inc. (NYSE:GNRC - Get Free Report) has earned an average rating of "Moderate Buy" from the nineteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $233.9375.

Several brokerages have weighed in on GNRC. Stifel Nicolaus set a $235.00 price objective on Generac in a report on Thursday, February 12th. Bank of America reduced their target price on Generac from $260.00 to $248.00 and set a "buy" rating on the stock in a report on Thursday, March 26th. UBS Group reissued a "buy" rating and set a $270.00 target price on shares of Generac in a report on Friday, February 13th. Weiss Ratings reissued a "hold (c)" rating on shares of Generac in a report on Thursday, January 22nd. Finally, Jefferies Financial Group assumed coverage on Generac in a report on Friday, March 20th. They set a "hold" rating and a $222.00 target price on the stock.

Insider Activity

In other Generac news, CFO York A. Ragen sold 24,362 shares of the company's stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $235.61, for a total transaction of $5,739,930.82. Following the completion of the sale, the chief financial officer directly owned 137,182 shares in the company, valued at $32,321,451.02. This represents a 15.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.70% of the company's stock.

Institutional Investors Weigh In On Generac

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. lifted its stake in Generac by 49.9% during the fourth quarter. Invesco Ltd. now owns 2,423,971 shares of the technology company's stock worth $330,557,000 after purchasing an additional 806,430 shares during the last quarter. State Street Corp lifted its stake in Generac by 2.1% during the second quarter. State Street Corp now owns 2,189,927 shares of the technology company's stock worth $313,619,000 after purchasing an additional 45,592 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Generac by 17.9% during the third quarter. Victory Capital Management Inc. now owns 2,138,139 shares of the technology company's stock worth $355,530,000 after purchasing an additional 324,809 shares during the last quarter. Boston Partners lifted its stake in Generac by 7.1% during the third quarter. Boston Partners now owns 1,947,332 shares of the technology company's stock worth $326,003,000 after purchasing an additional 128,439 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Generac by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 1,490,876 shares of the technology company's stock worth $202,943,000 after purchasing an additional 6,332 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors.

Generac Trading Down 1.4%

Shares of NYSE:GNRC opened at $217.15 on Wednesday. Generac has a 12-month low of $109.20 and a 12-month high of $241.09. The stock has a market cap of $12.74 billion, a PE ratio of 81.03, a P/E/G ratio of 2.18 and a beta of 1.78. The business has a 50 day moving average of $210.40 and a 200-day moving average of $180.65. 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 issued its quarterly earnings data on Wednesday, February 11th. The technology company reported $1.61 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.81 by ($0.20). The firm 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%.The company's revenue was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.80 EPS. As a group, equities research analysts forecast that Generac will post 8.42 earnings per share for the current year.

About Generac

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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