Generac Holdings Inc. (NYSE:GNRC) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Generac Holdings Inc. (NYSE:GNRC) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-two ratings firms that are covering the firm, Marketbeat.com reports. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $174.38.

Several research firms have commented on GNRC. Barclays started coverage on shares of Generac in a research report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 target price on the stock. Robert W. Baird lowered their price objective on Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Bank of America initiated coverage on Generac in a report on Monday, March 24th. They issued a “buy” rating and a $182.00 target price for the company. The Goldman Sachs Group lowered their price target on Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Finally, Stifel Nicolaus decreased their price objective on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, February 13th.

Generac Stock Down 0.2 %

Shares of Generac stock opened at $126.78 on Tuesday. The firm has a market cap of $7.56 billion, a price-to-earnings ratio of 23.48, a P/E/G ratio of 1.44 and a beta of 1.50. The stock has a 50-day simple moving average of $139.98 and a 200-day simple moving average of $157.70. Generac has a 52-week low of $122.95 and a 52-week high of $195.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. On average, equities research analysts expect that Generac will post 8 earnings per share for the current fiscal year.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the sale, the chief executive officer now directly owns 565,825 shares in the company, valued at approximately $82,129,498.75. The trade was a 0.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Generac in the 4th quarter worth approximately $90,913,000. Boston Partners raised its stake in Generac by 39.0% during the fourth quarter. Boston Partners now owns 1,903,297 shares of the technology company’s stock worth $295,123,000 after acquiring an additional 533,612 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Generac by 81.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company’s stock valued at $161,684,000 after acquiring an additional 469,575 shares during the period. Jennison Associates LLC boosted its stake in shares of Generac by 133.6% in the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock valued at $104,227,000 after purchasing an additional 384,434 shares in the last quarter. Finally, Forest Avenue Capital Management LP bought a new stake in shares of Generac in the 4th quarter worth about $49,313,000. Institutional investors own 84.04% of the company’s stock.

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.