Generac Holdings Inc. (NYSE:GNRC) Receives $220.19 Consensus Target Price from Analysts

Shares of Generac Holdings Inc. (NYSE:GNRC) have been assigned an average rating of “Moderate Buy” from the nineteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $222.0625.

Several research analysts have recently issued reports on the stock. Robert W. Baird set a $292.00 target price on shares of Generac in a research note on Thursday, February 12th. Roth Mkm reaffirmed a “neutral” rating and issued a $220.00 price objective on shares of Generac in a research note on Thursday, February 12th. Stifel Nicolaus set a $235.00 target price on shares of Generac in a research report on Thursday, February 12th. JPMorgan Chase & Co. upgraded Generac from a “neutral” rating to an “overweight” rating and set a $200.00 price target on the stock in a research report on Monday, December 8th. Finally, Wells Fargo & Company lifted their price objective on Generac from $185.00 to $234.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th.

Insider Transactions at Generac

In other Generac news, CFO York A. Ragen sold 24,362 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $235.61, for a total transaction of $5,739,930.82. Following the transaction, the chief financial officer owned 137,182 shares in the company, valued at approximately $32,321,451.02. This trade represents a 15.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.70% of the company’s stock.

Institutional Trading of Generac

A number of hedge funds have recently modified their holdings of GNRC. Invesco Ltd. grew its holdings in Generac by 49.9% during the fourth quarter. Invesco Ltd. now owns 2,423,971 shares of the technology company’s stock valued at $330,557,000 after purchasing an additional 806,430 shares during the period. State Street Corp raised its holdings in Generac by 2.1% in the second quarter. State Street Corp now owns 2,189,927 shares of the technology company’s stock worth $313,619,000 after purchasing an additional 45,592 shares during the period. Victory Capital Management Inc. raised its holdings in Generac by 17.9% in the third quarter. Victory Capital Management Inc. now owns 2,138,139 shares of the technology company’s stock worth $355,530,000 after purchasing an additional 324,809 shares during the period. Boston Partners boosted its position in shares of Generac by 7.1% during the third quarter. Boston Partners now owns 1,947,332 shares of the technology company’s stock worth $326,003,000 after purchasing an additional 128,439 shares in the last quarter. Finally, Ariel Investments LLC boosted its position in shares of Generac by 11.7% during the second quarter. Ariel Investments LLC now owns 1,804,595 shares of the technology company’s stock worth $258,436,000 after purchasing an additional 188,717 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Trading Up 0.9%

GNRC stock opened at $202.36 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 2.03 and a debt-to-equity ratio of 0.48. Generac has a twelve month low of $99.50 and a twelve month high of $241.09. The company has a market cap of $11.87 billion, a P/E ratio of 75.51, a PEG ratio of 1.46 and a beta of 1.74. The business has a fifty day moving average of $192.25 and a 200-day moving average of $174.40.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, February 11th. The technology company reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.20). The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.16 billion. Generac had a net margin of 3.79% and a return on equity of 14.55%. Generac’s revenue was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.80 EPS. As a group, equities research analysts expect that Generac will post 8 EPS for the current year.

Generac Company Profile

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.