Generac Holdings Inc. (NYSE:GNRC) Receives Consensus Recommendation of “Hold” from Analysts

Generac Holdings Inc. (NYSE:GNRC) has received a consensus recommendation of “Hold” from the twenty-one research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $175.30.

Several analysts recently commented on GNRC shares. Citigroup raised their target price on Generac from $128.00 to $172.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. StockNews.com raised shares of Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. The Goldman Sachs Group increased their price target on shares of Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. lifted their price objective on shares of Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Finally, Stifel Nicolaus increased their target price on shares of Generac from $185.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th.

Generac Stock Performance

Shares of NYSE GNRC opened at $167.25 on Friday. The stock has a market cap of $9.95 billion, a price-to-earnings ratio of 34.70, a PEG ratio of 2.09 and a beta of 1.39. Generac has a 12 month low of $108.89 and a 12 month high of $195.94. The company has a 50 day simple moving average of $177.48 and a two-hundred day simple moving average of $157.40. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56.

Generac (NYSE:GNRC) last posted its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.64 earnings per share. As a group, analysts predict that Generac will post 6.84 earnings per share for the current year.

Insider Activity at Generac

In other news, CFO York A. Ragen sold 29,081 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total value of $5,372,133.13. Following the transaction, the chief financial officer now directly owns 135,613 shares in the company, valued at approximately $25,051,789.49. This represents a 17.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total transaction of $585,069.46. Following the transaction, the executive vice president now directly owns 10,738 shares of the company’s stock, valued at $1,971,282.04. The trade was a 22.89 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,268 shares of company stock worth $7,584,853. Insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new position in Generac during the 3rd quarter worth about $31,000. SouthState Corp acquired a new stake in shares of Generac during the third quarter worth about $32,000. Sunbelt Securities Inc. boosted its stake in shares of Generac by 97.1% in the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Blue Trust Inc. increased its stake in Generac by 73.5% during the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock worth $36,000 after buying an additional 97 shares during the period. Finally, Capital Advisors Ltd. LLC increased its stake in Generac by 611.1% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock worth $34,000 after buying an additional 220 shares during the period. 84.04% of the stock is currently owned by institutional investors and hedge funds.

About Generac

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.