Generac Holdings Inc. (NYSE:GNRC) Receives $174.30 Average Target Price from Brokerages

Generac Holdings Inc. (NYSE:GNRC) has earned a consensus rating of “Hold” from the twenty-one ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $173.55.

GNRC has been the topic of several recent analyst reports. StockNews.com upgraded shares of Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. TD Cowen boosted their price objective on Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Truist Financial cut their target price on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. JPMorgan Chase & Co. boosted their price target on Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, Piper Sandler dropped their price target on Generac from $200.00 to $185.00 and set an “overweight” rating for the company in a research note on Friday.

Generac Price Performance

NYSE GNRC opened at $142.22 on Monday. 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 12 month low of $108.89 and a 12 month high of $195.94. The stock has a market cap of $8.46 billion, a price-to-earnings ratio of 29.51, a PEG ratio of 1.44 and a beta of 1.42. The company’s 50 day moving average is $159.98 and its two-hundred day moving average is $160.93.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the sale, the chief executive officer now owns 565,825 shares in the company, valued at approximately $82,129,498.75. This trade represents a 0.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.90% of the company’s stock.

Institutional Trading of Generac

Institutional investors have recently added to or reduced their stakes in the company. Raymond James Trust N.A. raised its holdings in shares of Generac by 52.8% in the third quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company’s stock worth $541,000 after buying an additional 1,177 shares during the period. Willis Investment Counsel increased its stake in Generac by 18.7% in the third quarter. Willis Investment Counsel now owns 105,007 shares of the technology company’s stock worth $16,684,000 after purchasing an additional 16,541 shares during the period. Nordea Investment Management AB bought a new stake in shares of Generac during the fourth quarter worth $5,229,000. Global Financial Private Client LLC purchased a new stake in shares of Generac during the fourth quarter valued at $614,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Generac by 85.9% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,021 shares of the technology company’s stock worth $928,000 after purchasing an additional 3,244 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.