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

Generac Holdings Inc. (NYSE:GNRC) has been given an average rating of “Moderate Buy” by the twenty analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $184.1111.

GNRC has been the subject of several recent analyst reports. Barclays lowered their target price on Generac from $200.00 to $188.00 and set an “equal weight” rating for the company in a research note on Monday. Roth Capital raised their target price on Generac from $122.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Canaccord Genuity Group lowered their target price on Generac from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Thursday, September 25th. Guggenheim lowered their target price on Generac from $210.00 to $202.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Wells Fargo & Company lifted their price target on Generac from $128.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $167.42, for a total value of $837,100.00. Following the completion of the transaction, the chief executive officer directly owned 547,966 shares in the company, valued at approximately $91,740,467.72. This trade represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Generac

A number of hedge funds have recently bought and sold shares of GNRC. Invesco Ltd. grew its stake in Generac by 40.9% in the second quarter. Invesco Ltd. now owns 1,992,447 shares of the technology company’s stock worth $285,338,000 after purchasing an additional 577,933 shares in the last quarter. Norges Bank acquired a new position in Generac in the second quarter worth about $53,138,000. Federated Hermes Inc. grew its stake in Generac by 63.5% in the second quarter. Federated Hermes Inc. now owns 749,347 shares of the technology company’s stock worth $107,314,000 after purchasing an additional 291,012 shares in the last quarter. Holocene Advisors LP grew its stake in Generac by 346.6% in the second quarter. Holocene Advisors LP now owns 356,623 shares of the technology company’s stock worth $51,072,000 after purchasing an additional 276,775 shares in the last quarter. Finally, Merewether Investment Management LP acquired a new position in Generac in the second quarter valued at approximately $38,079,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Trading Down 1.0%

NYSE:GNRC opened at $170.23 on Friday. The business’s 50-day moving average is $183.16 and its two-hundred day moving average is $148.70. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.00 and a quick ratio of 0.88. The firm has a market capitalization of $9.99 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 1.37 and a beta of 1.64. Generac has a 12 month low of $99.50 and a 12 month high of $203.25.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, July 30th. The technology company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.32. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. Generac had a return on equity of 19.14% and a net margin of 7.91%.The company’s revenue was up 6.3% on a year-over-year basis. During the same period last year, the firm earned $1.35 earnings per share. Generac has set its FY 2025 guidance at EPS. Research analysts predict that Generac will post 8 earnings per share for the current fiscal year.

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.