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

Generac Holdings Inc. (NYSE:GNRC - Get Free Report) has earned an average rating of "Moderate Buy" from the twenty-three ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $140.80.

GNRC has been the topic of a number of recent analyst reports. Citigroup raised their price target on shares of Generac from $124.00 to $128.00 and gave the company a "neutral" rating in a research report on Monday, February 12th. OTR Global raised shares of Generac from a "mixed" rating to a "positive" rating in a research report on Tuesday, April 2nd. Canaccord Genuity Group lifted their price objective on shares of Generac from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday. Canaccord Genuity Group lifted their price objective on shares of Generac from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday. Finally, UBS Group lowered their price objective on shares of Generac from $160.00 to $150.00 and set a "buy" rating on the stock in a research report on Thursday, February 15th.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $126.94, for a total transaction of $634,700.00. Following the sale, the chief executive officer now owns 592,177 shares in the company, valued at $75,170,948.38. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.80% of the company's stock.

Institutional Investors Weigh In On Generac

Several large investors have recently bought and sold shares of GNRC. Parkside Financial Bank & Trust increased its position in Generac by 1,066.7% during the first quarter. Parkside Financial Bank & Trust now owns 140 shares of the technology company's stock valued at $42,000 after acquiring an additional 128 shares during the last quarter. Comerica Bank purchased a new stake in shares of Generac during the second quarter valued at about $230,000. ICA Group Wealth Management LLC purchased a new stake in shares of Generac during the fourth quarter valued at about $27,000. BKM Wealth Management LLC purchased a new stake in shares of Generac during the fourth quarter valued at about $28,000. Finally, Bartlett & Co. LLC purchased a new stake in shares of Generac during the third quarter valued at about $26,000. Institutional investors own 84.04% of the company's stock.

Generac Stock Up 3.5 %

Shares of GNRC traded up $4.72 during trading hours on Tuesday, reaching $140.23. 1,202,415 shares of the stock traded hands, compared to its average volume of 1,025,943. The company has a current ratio of 2.27, a quick ratio of 0.94 and a debt-to-equity ratio of 0.62. The stock has a fifty day simple moving average of $119.12 and a 200 day simple moving average of $114.55. Generac has a 52 week low of $79.86 and a 52 week high of $156.95. The company has a market cap of $8.45 billion, a price-to-earnings ratio of 42.62, a PEG ratio of 1.77 and a beta of 1.45.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings results on Wednesday, February 14th. The technology company reported $2.07 earnings per share for the quarter, missing analysts' consensus estimates of $2.09 by ($0.02). Generac had a net margin of 5.33% and a return on equity of 14.15%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the business earned $1.78 earnings per share. The firm's revenue for the quarter was up 1.4% on a year-over-year basis. On average, equities analysts forecast that Generac will post 6.31 EPS for the current 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.