Generac (NYSE:GNRC) Receives Neutral Rating from Citigroup

Key Points

• Citigroup has restated its "neutral" rating for Generac, raising its target price to $219.00, indicating a potential upside of 13.31% from the previous close.
• The stock currently has a consensus rating of "Moderate Buy" among analysts, with thirteen analysts recommending a buy and six holding the stock.
• Generac reported $1.65 EPS for the last quarter, exceeding expectations, with revenue of $1.06 billion, representing a year-over-year increase of 6.3%.

Generac (NYSE:GNRC - Get Free Report)'s stock had its "neutral" rating restated by equities research analysts at Citigroup in a note issued to investors on Tuesday,Benzinga reports. They currently have a $219.00 target price on the technology company's stock, up from their prior target price of $138.00. Citigroup's price target would suggest a potential upside of 13.31% from the stock's previous close.

Other research analysts have also recently issued reports about the company. Stephens restated an "overweight" rating and issued a $175.00 price objective on shares of Generac in a research note on Tuesday, May 27th. Wall Street Zen raised shares of Generac from a "hold" rating to a "buy" rating in a report on Sunday. TD Cowen upped their price target on shares of Generac from $155.00 to $198.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Wells Fargo & Company raised their price target on shares of Generac from $128.00 to $180.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Finally, Stifel Nicolaus raised their price target on shares of Generac from $195.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Thirteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $174.56.

Generac Trading Down 0.7%

Shares of NYSE:GNRC opened at $193.2720 on Tuesday. Generac has a 52-week low of $99.50 and a 52-week high of $203.25. The stock has a market cap of $11.34 billion, a price-to-earnings ratio of 32.11, a PEG ratio of 1.56 and a beta of 1.68. The company has a quick ratio of 0.88, a current ratio of 2.00 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average price of $164.37 and a 200-day moving average price of $139.28.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.32. Generac had a return on equity of 19.14% and a net margin of 7.91%.The firm had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.03 billion. During the same period last year, the business posted $1.35 earnings per share. The company's revenue for the quarter was up 6.3% compared to the same quarter last year. Generac has set its FY 2025 guidance at EPS. Equities analysts predict that Generac will post 8 EPS for the current year.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $142.40, for a total transaction of $712,000.00. Following the sale, the chief executive officer directly owned 562,966 shares in the company, valued at approximately $80,166,358.40. This represents a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.70% of the company's stock.

Institutional Investors Weigh In On Generac

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Generac by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 6,932,913 shares of the technology company's stock valued at $878,053,000 after purchasing an additional 137,363 shares during the last quarter. State Street Corp increased its position in shares of Generac by 2.1% in the 2nd quarter. State Street Corp now owns 2,189,927 shares of the technology company's stock valued at $313,619,000 after purchasing an additional 45,592 shares during the last quarter. Invesco Ltd. increased its position in shares of Generac by 40.9% in the 2nd quarter. Invesco Ltd. now owns 1,992,447 shares of the technology company's stock valued at $285,338,000 after purchasing an additional 577,933 shares during the last quarter. Ariel Investments LLC increased its position in shares of Generac by 11.7% in the 2nd quarter. Ariel Investments LLC now owns 1,804,595 shares of the technology company's stock valued at $258,436,000 after purchasing an additional 188,717 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Generac by 3.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 914,905 shares of the technology company's stock valued at $131,024,000 after purchasing an additional 33,784 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other 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.

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