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

Generac Holdings Inc. (NYSE:GNRC - Get Free Report) has been given an average rating of "Moderate Buy" by the twenty research firms that are presently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $168.37.

GNRC has been the topic of a number of recent research reports. Bank of America began coverage on shares of Generac in a research report on Monday, March 24th. They issued a "buy" rating and a $182.00 price target on the stock. Stephens reiterated an "overweight" rating and issued a $175.00 price objective on shares of Generac in a research report on Tuesday, May 27th. UBS Group lifted their price objective on shares of Generac from $200.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Wells Fargo & Company cut their price objective on shares of Generac from $165.00 to $128.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. Finally, TD Cowen cut their price objective on shares of Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st.

Generac Stock Performance

Shares of Generac stock traded down $1.06 during trading hours on Friday, reaching $129.76. The company's stock had a trading volume of 1,115,496 shares, compared to its average volume of 846,903. The company's 50 day simple moving average is $118.83 and its 200 day simple moving average is $139.80. 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 has a one year low of $99.50 and a one year high of $195.94. The stock has a market cap of $7.67 billion, a P/E ratio of 24.03, a price-to-earnings-growth ratio of 1.44 and a beta of 1.70.

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

Institutional Trading of Generac

A number of hedge funds and other institutional investors have recently made changes to their positions in GNRC. Norges Bank bought a new stake in shares of Generac in the 4th quarter worth approximately $90,913,000. Boston Partners increased its position 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 worth $295,123,000 after acquiring an additional 533,612 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Generac by 81.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company's stock worth $161,684,000 after acquiring an additional 469,575 shares in the last quarter. Forest Avenue Capital Management LP purchased a new position in shares of Generac in the fourth quarter worth approximately $49,313,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Generac in the fourth quarter worth approximately $46,785,000. 84.04% of the stock is currently owned by institutional investors.

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.