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

Key Points

• Generac Holdings Inc. has received a consensus recommendation of "Moderate Buy" from 20 research firms, with a price target averaging $184.11.
• CEO Aaron Jagdfeld recently sold 5,000 shares at an average price of $167.42, reducing his holdings to 547,966 shares.
• Several institutional investors have increased their positions in Generac, with Voya Investment Management raising its stake by 12.3% in the third quarter.

Shares of Generac Holdings Inc. (NYSE:GNRC - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the twenty research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $184.1111.

GNRC has been the topic of a number of analyst reports. TD Cowen increased their target price on Generac from $155.00 to $198.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Canaccord Genuity Group lowered their target price on Generac from $250.00 to $240.00 and set a "buy" rating on the stock in a report on Thursday, September 25th. JPMorgan Chase & Co. increased their price target on Generac from $165.00 to $180.00 and gave the stock a "neutral" rating in a research note on Friday, September 19th. Roth Capital increased their target price on Generac from $122.00 to $140.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Finally, Stifel Nicolaus increased their target price on Generac from $195.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $167.42, for a total value of $837,100.00. Following the transaction, the chief executive officer directly owned 547,966 shares of the company's stock, valued at approximately $91,740,467.72. This trade represents a 0.90% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.70% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in GNRC. Secure Asset Management LLC raised its position in Generac by 5.5% in the third quarter. Secure Asset Management LLC now owns 19,145 shares of the technology company's stock valued at $3,214,000 after purchasing an additional 998 shares during the period. Kessler Investment Group LLC raised its position in Generac by 2.4% in the third quarter. Kessler Investment Group LLC now owns 55,653 shares of the technology company's stock valued at $9,316,000 after purchasing an additional 1,318 shares during the period. Voya Investment Management LLC raised its position in Generac by 12.3% in the third quarter. Voya Investment Management LLC now owns 366,955 shares of the technology company's stock valued at $61,428,000 after purchasing an additional 40,146 shares during the period. Voya Financial Advisors Inc. raised its position in Generac by 22.3% in the third quarter. Voya Financial Advisors Inc. now owns 2,080 shares of the technology company's stock valued at $345,000 after purchasing an additional 379 shares during the period. Finally, Contravisory Investment Management Inc. purchased a new position in Generac in the third quarter valued at about $240,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Generac Stock Performance

GNRC opened at $170.23 on Friday. The stock's 50 day simple moving average is $183.16 and its 200 day simple moving average is $148.70. The stock has a market cap of $9.99 billion, a P/E ratio of 28.28, a P/E/G ratio of 1.37 and a beta of 1.64. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.00 and a quick ratio of 0.88. Generac has a 1-year low of $99.50 and a 1-year high of $203.25.

Generac (NYSE:GNRC - Get Free Report) last announced its earnings results on Wednesday, July 30th. The technology company reported $1.65 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.32. The firm had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.03 billion. Generac had a return on equity of 19.14% and a net margin of 7.91%.Generac's quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.35 EPS. Generac has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Generac will post 8 EPS 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.

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