Brokerages Set Generac Holdings Inc. (NYSE:GNRC) Price Target at $284.18

Shares of Generac Holdings Inc. (NYSE:GNRC) have been given a consensus rating of “Moderate Buy” by the eighteen research firms that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $284.1765.

A number of research analysts recently commented on GNRC shares. Jefferies Financial Group restated a “buy” rating on shares of Generac in a research note on Wednesday, June 3rd. Zacks Research downgraded shares of Generac from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 4th. Raymond James Financial set a $302.00 price target on shares of Generac in a report on Friday, May 22nd. Robert W. Baird set a $311.00 price objective on shares of Generac in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Generac from $229.00 to $267.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th.

Generac Trading Down 0.2%

Shares of GNRC opened at $214.55 on Monday. The stock’s 50-day moving average price is $262.15 and its 200 day moving average price is $220.73. The company has a quick ratio of 0.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $12.63 billion, a price-to-earnings ratio of 67.26, a P/E/G ratio of 2.01 and a beta of 1.89. Generac has a 12-month low of $134.80 and a 12-month high of $296.44.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.47. Generac had a return on equity of 15.45% and a net margin of 4.37%.The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the company earned $1.26 EPS. The company’s quarterly revenue was up 12.5% on a year-over-year basis. As a group, research analysts predict that Generac will post 8.91 earnings per share for the current year.

Insider Transactions at Generac

In related news, insider Norman P. Taffe sold 550 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $256.00, for a total value of $140,800.00. Following the completion of the transaction, the insider owned 15,808 shares of the company’s stock, valued at $4,046,848. This represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $272.18, for a total transaction of $1,360,900.00. Following the transaction, the chief executive officer owned 564,528 shares of the company’s stock, valued at approximately $153,653,231.04. This represents a 0.88% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 6,100 shares of company stock worth $1,651,443. 2.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Generac

Hedge funds and other institutional investors have recently modified their holdings of the stock. DAVENPORT & Co LLC grew its holdings in shares of Generac by 4.4% during the fourth quarter. DAVENPORT & Co LLC now owns 387,082 shares of the technology company’s stock worth $53,190,000 after purchasing an additional 16,229 shares during the last quarter. Lighthouse Investment Partners LLC raised its holdings in shares of Generac by 556.7% in the third quarter. Lighthouse Investment Partners LLC now owns 51,903 shares of the technology company’s stock valued at $8,689,000 after buying an additional 43,999 shares during the last quarter. Private Advisory Group LLC lifted its position in Generac by 26.2% during the 4th quarter. Private Advisory Group LLC now owns 58,781 shares of the technology company’s stock worth $8,016,000 after buying an additional 12,191 shares in the last quarter. Hsbc Holdings PLC lifted its position in Generac by 42.8% during the 4th quarter. Hsbc Holdings PLC now owns 93,080 shares of the technology company’s stock worth $12,711,000 after buying an additional 27,893 shares in the last quarter. Finally, Willis Investment Counsel grew its holdings in Generac by 10.5% during the 4th quarter. Willis Investment Counsel now owns 143,137 shares of the technology company’s stock worth $19,520,000 after acquiring an additional 13,553 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

About Generac

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.