Analysts Set Generac Holdings Inc. (NYSE:GNRC) Target Price at $164.58

Key Points

• Generac Holdings Inc. has received a consensus rating of "Moderate Buy" from analysts, with a average target price of $164.58.
• CEO Aaron Jagdfeld sold 5,000 shares at an average price of $142.40, bringing his total ownership to approximately $80 million.
• Institutional investors own 84.04% of Generac's stock, indicating strong confidence in the company’s performance among large stakeholders.

Shares of Generac Holdings Inc. (NYSE:GNRC - Get Free Report) have received an average rating of "Moderate Buy" from the nineteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $166.16.

A number of equities analysts have recently issued reports on the stock. Roth Capital increased their price objective on shares of Generac from $122.00 to $140.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Wells Fargo & Company dropped their price target 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. TD Cowen dropped their price target 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. Barclays lifted their target price on shares of Generac from $164.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Finally, Guggenheim raised shares of Generac from a "neutral" rating to a "buy" rating and set a $190.00 target price on the stock in a research report on Tuesday.

Generac Trading Down 2.7%

Generac stock traded down $4.14 during trading hours on Monday, reaching $151.32. 1,720,458 shares of the company's stock were exchanged, compared to its average volume of 889,255. The company has a quick ratio of 0.89, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The firm's 50 day simple moving average is $137.52 and its 200 day simple moving average is $133.74. Generac has a twelve month low of $99.50 and a twelve month high of $195.94. The firm has a market capitalization of $8.94 billion, a PE ratio of 26.36, a PEG ratio of 1.42 and a beta of 1.72.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $942.12 million during the quarter, compared to the consensus estimate of $921.78 million. Generac had a return on equity of 18.90% and a net margin of 7.68%. The business's revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business posted $0.88 EPS. Research analysts predict that Generac will post 8 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Tuesday, July 1st. The shares were 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 in the company, valued at approximately $80,166,358.40. The trade was a 0.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.70% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. American Century Companies Inc. grew its position in shares of Generac by 16.2% during the 4th quarter. American Century Companies Inc. now owns 61,184 shares of the technology company's stock valued at $9,487,000 after purchasing an additional 8,549 shares in the last quarter. LPL Financial LLC grew its position in shares of Generac by 14.8% during the 4th quarter. LPL Financial LLC now owns 97,492 shares of the technology company's stock valued at $15,116,000 after purchasing an additional 12,548 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of Generac during the 4th quarter worth $474,000. UniSuper Management Pty Ltd lifted its holdings in shares of Generac by 6.0% during the 4th quarter. UniSuper Management Pty Ltd now owns 9,849 shares of the technology company's stock worth $1,527,000 after acquiring an additional 554 shares during the last quarter. Finally, Norges Bank bought a new stake in Generac in the fourth quarter worth $90,913,000. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

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.