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

Generac Holdings Inc. (NYSE:GNRC - Get Free Report) has been given a consensus rating of "Moderate Buy" by the twenty brokerages that are covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $168.37.

Several brokerages have commented on GNRC. Janney Montgomery Scott upgraded Generac from a "neutral" rating to a "buy" rating in a report on Wednesday, May 7th. Bank of America started coverage on shares of Generac in a research note on Monday, March 24th. They issued a "buy" rating and a $182.00 price objective on the stock. Citigroup upgraded shares of Generac from a "neutral" rating to a "buy" rating and lowered their price objective for the stock from $162.00 to $138.00 in a research note on Thursday, April 17th. Stifel Nicolaus lowered their price objective on shares of Generac from $200.00 to $195.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Finally, UBS Group raised their price objective on shares of Generac from $200.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in GNRC. Vanguard Group Inc. increased its stake in shares of Generac by 2.0% in the first quarter. Vanguard Group Inc. now owns 6,932,913 shares of the technology company's stock valued at $878,053,000 after buying an additional 137,363 shares in the last quarter. Boston Partners increased its stake in shares of Generac by 39.0% in the fourth quarter. Boston Partners now owns 1,903,297 shares of the technology company's stock valued at $295,123,000 after buying an additional 533,612 shares in the last quarter. Ariel Investments LLC increased its stake in shares of Generac by 10.1% in the first quarter. Ariel Investments LLC now owns 1,615,878 shares of the technology company's stock valued at $204,651,000 after buying an additional 148,551 shares in the last quarter. Geode Capital Management LLC increased its stake 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 buying an additional 14,844 shares in the last quarter. Finally, Invesco Ltd. increased its stake 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 buying an additional 285,388 shares in the last quarter. 84.04% of the stock is owned by institutional investors.

Generac Trading Up 1.3%

NYSE:GNRC opened at $127.95 on Friday. The stock's 50 day moving average price is $118.17 and its 200 day moving average price is $140.66. Generac has a 52 week low of $99.50 and a 52 week high of $195.94. The company has a market capitalization of $7.56 billion, a P/E ratio of 23.69, a P/E/G ratio of 1.44 and a beta of 1.70. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.26 EPS for the quarter, beating the consensus estimate of $0.99 by $0.27. Generac had a return on equity of 18.17% and a net margin of 7.36%. The company had revenue of $942.12 million for the quarter, compared to the consensus estimate of $921.78 million. During the same quarter last year, the company posted $0.88 earnings per share. The company's revenue for the quarter was up 5.9% compared to the same quarter last year. On average, research analysts forecast that Generac will post 8 EPS for the current fiscal 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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