Brokerages Set Generac Holdings Inc. (NYSE:GNRC) Price Target at $174.00

Generac Holdings Inc. (NYSE:GNRC) has earned an average rating of “Hold” from the twenty-one analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $174.00.

Several brokerages have issued reports on GNRC. UBS Group increased their target price on Generac from $200.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Stifel Nicolaus dropped their target price on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Piper Sandler lowered their price objective on Generac from $185.00 to $175.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Wells Fargo & Company lowered their price objective on Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Finally, Robert W. Baird lowered their price objective on Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th.

Generac Trading Down 2.7 %

GNRC opened at $127.39 on Friday. The stock’s fifty day moving average is $150.53 and its two-hundred day moving average is $160.29. The company has a market capitalization of $7.59 billion, a P/E ratio of 23.59, a PEG ratio of 1.44 and a beta of 1.42. Generac has a 52 week low of $109.90 and a 52 week high of $195.94. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. Analysts forecast that Generac will post 8 earnings per share for the current year.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total transaction of $787,500.00. Following the completion of the sale, the chief executive officer now directly owns 570,825 shares in the company, valued at approximately $89,904,937.50. The trade was a 0.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Empirical Finance LLC lifted its holdings in Generac by 4.1% in the third quarter. Empirical Finance LLC now owns 1,689 shares of the technology company’s stock valued at $268,000 after acquiring an additional 66 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Generac by 1.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,456 shares of the technology company’s stock valued at $1,001,000 after acquiring an additional 72 shares during the last quarter. MetLife Investment Management LLC raised its position in Generac by 0.5% in the fourth quarter. MetLife Investment Management LLC now owns 17,004 shares of the technology company’s stock valued at $2,636,000 after purchasing an additional 77 shares during the period. Alaethes Wealth LLC raised its position in Generac by 0.7% in the fourth quarter. Alaethes Wealth LLC now owns 11,721 shares of the technology company’s stock valued at $1,817,000 after purchasing an additional 78 shares during the period. Finally, Allworth Financial LP raised its position in Generac by 3.0% in the fourth quarter. Allworth Financial LP now owns 2,738 shares of the technology company’s stock valued at $435,000 after purchasing an additional 80 shares during the period. 84.04% of the stock is currently owned by institutional investors and hedge funds.

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.