Generac (NYSE:GNRC) Research Coverage Started at Barclays

Barclays began coverage on shares of Generac (NYSE:GNRC) in a research report report published on Wednesday, MarketBeat.com reports. The firm issued an equal weight rating and a $189.00 target price on the technology company’s stock.

Several other research firms have also recently issued reports on GNRC. The Goldman Sachs Group raised their target price on shares of Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Citigroup lifted their price target on shares of Generac from $128.00 to $172.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Stifel Nicolaus boosted their price objective on shares of Generac from $185.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Truist Financial increased their target price on Generac from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, StockNews.com raised Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Generac has a consensus rating of “Moderate Buy” and an average price target of $175.30.

Generac Price Performance

NYSE:GNRC opened at $179.22 on Wednesday. Generac has a 12-month low of $108.89 and a 12-month high of $195.94. The firm has a market cap of $10.66 billion, a price-to-earnings ratio of 37.18, a price-to-earnings-growth ratio of 2.29 and a beta of 1.39. The company’s 50-day moving average is $176.21 and its two-hundred day moving average is $156.57. 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 announced its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.27. The business had revenue of $1.17 billion for 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 company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.64 earnings per share. Research analysts expect that Generac will post 6.8 EPS for the current year.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total transaction of $794,650.00. Following the completion of the transaction, the chief executive officer now directly owns 562,177 shares in the company, valued at approximately $89,346,790.61. This represents a 0.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of Generac stock in a transaction 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 completion of the sale, the executive vice president now owns 10,738 shares of the company’s stock, valued at approximately $1,971,282.04. This trade represents a 22.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,268 shares of company stock worth $7,584,853 over the last ninety days. Corporate insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Generac

Several large investors have recently modified their holdings of the stock. Sunbelt Securities Inc. lifted its stake in Generac by 97.1% during the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after purchasing an additional 100 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Generac during the third quarter worth $31,000. SouthState Corp bought a new position in shares of Generac in the 3rd quarter worth about $32,000. Capital Advisors Ltd. LLC boosted its holdings in shares of Generac by 611.1% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock valued at $34,000 after buying an additional 220 shares during the period. Finally, Blue Trust Inc. grew its position in shares of Generac by 73.5% during the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock valued at $36,000 after buying an additional 97 shares during the last quarter. 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.