Generac Holdings Inc. (NYSE:GNRC) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Generac Holdings Inc. (NYSE:GNRC) have been assigned an average rating of “Moderate Buy” from the twenty analysts that are currently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $292.25.

GNRC has been the topic of several research analyst reports. Raymond James Financial set a $286.00 price objective on Generac in a research note on Thursday, September 17th. Zacks Research lowered shares of Generac from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Stephens reissued an “overweight” rating and set a $335.00 target price on shares of Generac in a report on Thursday, September 17th. Canaccord Genuity Group raised their price target on shares of Generac from $275.00 to $375.00 and gave the stock a “buy” rating in a research report on Thursday, September 17th. Finally, Roth Capital lifted their price target on shares of Generac from $214.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, September 17th.

Insider Buying and Selling at Generac

In other news, insider Kyle Raabe sold 603 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $229.50, for a total transaction of $138,388.50. Following the completion of the transaction, the insider directly owned 10,356 shares of the company’s stock, valued at approximately $2,376,702. This represents a 5.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman Taffe sold 550 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $218.83, for a total value of $120,356.50. Following the sale, the insider owned 15,508 shares in the company, valued at $3,393,615.64. The trade was a 3.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 17,839 shares of company stock worth $3,549,973 over the last ninety days. Company insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Generac

Several large investors have recently added to or reduced their stakes in the stock. N.E.W. Advisory Services LLC bought a new position in shares of Generac during the second quarter worth about $25,000. Avalon Trust Co acquired a new stake in shares of Generac in the 1st quarter worth about $32,000. Essential Partners LLC lifted its position in Generac by 57.0% in the 1st quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock valued at $33,000 after purchasing an additional 61 shares during the last quarter. GHP Investment Advisors Inc. bought a new stake in Generac in the 1st quarter valued at about $36,000. Finally, Root Financial Partners LLC boosted its stake in Generac by 32.9% during the 1st quarter. Root Financial Partners LLC now owns 218 shares of the technology company’s stock valued at $43,000 after purchasing an additional 54 shares during the period. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Trading Up 4.5%

Shares of NYSE GNRC opened at $217.24 on Friday. The stock’s 50 day moving average price is $200.61 and its two-hundred day moving average price is $226.01. Generac has a 52-week low of $134.80 and a 52-week high of $296.44. The stock has a market capitalization of $12.82 billion, a P/E ratio of 50.06, a PEG ratio of 1.78 and a beta of 1.91. The company has a quick ratio of 1.00, a current ratio of 2.04 and a debt-to-equity ratio of 0.43.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, July 29th. The technology company reported $2.91 EPS for the quarter, topping the consensus estimate of $2.01 by $0.90. Generac had a return on equity of 17.83% and a net margin of 5.82%.The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the firm earned $1.65 EPS. The business’s revenue was up 10.3% on a year-over-year basis. On average, analysts anticipate that Generac will post 9.74 earnings per share for the current fiscal year.

About Generac

Generac Holdings Inc is an energy technology company that designs and manufactures power generation equipment, energy storage systems and other products intended to provide backup and distributed energy solutions. Its offerings serve residential, commercial, industrial and other users seeking standby power, portable power or greater control over energy use.

The company’s product portfolio includes home standby generators, portable generators, commercial and industrial generators, mobile power equipment, engines and related transfer switches and controls.