Generac (NYSE:GNRC) Now Covered by Analysts at Barclays

Barclays initiated coverage on shares of Generac (NYSE:GNRC) in a research report issued to clients and investors on Wednesday,Briefing.com Automated Import reports. The firm set an “equal weight” rating and a $189.00 price target on the technology company’s stock. Barclays‘s price objective would suggest a potential upside of 1.13% from the company’s previous close.

Several other equities research analysts have also recently commented on GNRC. Roth Mkm boosted their price target on shares of Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group upped their target price on shares of Generac from $148.00 to $193.00 and gave the company a “buy” rating in a report on Friday, November 1st. StockNews.com raised shares of Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. JPMorgan Chase & Co. upped their target price 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 upped their target price on shares of Generac from $185.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $175.30.

Generac Price Performance

Shares of NYSE GNRC opened at $186.89 on Wednesday. The firm has a market cap of $11.12 billion, a PE ratio of 38.77, a PEG ratio of 2.30 and a beta of 1.39. 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 has a 1-year low of $108.89 and a 1-year high of $195.94. The company has a fifty day moving average price of $174.46 and a 200 day moving average price of $156.03.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, topping the consensus estimate of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the firm posted $1.64 EPS. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. Research analysts predict that Generac will post 6.8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO York A. Ragen sold 29,081 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the sale, the chief financial officer now owns 135,613 shares in the company, valued at approximately $25,051,789.49. This trade represents a 17.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were 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 of the company’s stock, valued at approximately $89,346,790.61. The trade was a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,268 shares of company stock worth $7,584,853 in the last quarter. Corporate insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Generac

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. raised its stake in shares of 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 acquiring an additional 100 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Generac during the third quarter valued at $31,000. SouthState Corp bought a new position in shares of Generac during the third quarter valued at $32,000. Capital Advisors Ltd. LLC raised its stake in shares of Generac by 611.1% during the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock valued at $34,000 after acquiring an additional 220 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Generac by 73.5% during the third quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock valued at $36,000 after acquiring 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.