Generac Holdings Inc. (NYSE:GNRC) Given Average Rating of “Hold” by Analysts

Generac Holdings Inc. (NYSE:GNRC) has earned an average recommendation of “Hold” from the twenty-three brokerages that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $154.71.

GNRC has been the topic of a number of recent research reports. The Goldman Sachs Group upped their price target on Generac from $129.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Northland Securities increased their target price on shares of Generac from $160.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Wells Fargo & Company boosted their price target on shares of Generac from $139.00 to $156.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. TD Cowen raised their price objective on shares of Generac from $144.00 to $172.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Piper Sandler boosted their target price on shares of Generac from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Monday, July 22nd.

Generac Stock Performance

NYSE GNRC opened at $150.62 on Monday. The company has a market capitalization of $9.13 billion, a PE ratio of 41.49, a price-to-earnings-growth ratio of 1.93 and a beta of 1.37. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 2.25. Generac has a 52-week low of $79.86 and a 52-week high of $169.57. The company has a 50-day simple moving average of $144.71 and a 200 day simple moving average of $134.41.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, July 31st. The technology company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.15. Generac had a net margin of 6.03% and a return on equity of 15.35%. The firm had revenue of $998.20 million during the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior year, the firm earned $1.08 EPS. The company’s revenue was down .2% compared to the same quarter last year. On average, research analysts predict that Generac will post 6.3 EPS for the current year.

Insider Transactions at Generac

In other news, EVP Erik Wilde sold 4,384 shares of Generac stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $154.04, for a total transaction of $675,311.36. Following the completion of the sale, the executive vice president now directly owns 17,897 shares of the company’s stock, valued at approximately $2,756,853.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $133.39, for a total transaction of $666,950.00. Following the transaction, the chief executive officer now directly owns 577,177 shares in the company, valued at $76,989,640.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Erik Wilde sold 4,384 shares of Generac stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $154.04, for a total transaction of $675,311.36. Following the transaction, the executive vice president now directly owns 17,897 shares in the company, valued at $2,756,853.88. The disclosure for this sale can be found here. Insiders have sold 75,239 shares of company stock valued at $10,943,920 in the last quarter. Insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Generac

Several institutional investors and hedge funds have recently made changes to their positions in GNRC. Sunbelt Securities Inc. boosted its position in Generac by 97.1% during the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock valued at $27,000 after buying an additional 100 shares during the period. ICA Group Wealth Management LLC purchased a new stake in Generac during the 4th quarter valued at about $27,000. EntryPoint Capital LLC grew its position in Generac by 73.2% during the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after acquiring an additional 90 shares during the last quarter. Capital Advisors Ltd. LLC increased its stake in Generac by 611.1% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock worth $34,000 after purchasing an additional 220 shares during the period. Finally, Fairfield Financial Advisors LTD bought a new stake in Generac in the second quarter valued at approximately $38,000. Institutional investors own 84.04% of the company’s stock.

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.