Generac Holdings Inc. (NYSE:GNRC) Stock Rated “Moderate Buy” by Wall Street Analysts

Shares of Generac Holdings Inc. (NYSE:GNRC) have been given a consensus rating of “Moderate Buy” by the twenty brokerages that are presently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $295.40.

A number of analysts have issued reports on the company. TD Cowen reaffirmed a “buy” rating on shares of Generac in a research note on Monday, July 20th. Roth Capital increased their target price on Generac from $214.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, September 17th. JPMorgan Chase & Co. raised their target price on shares of Generac from $261.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, September 18th. UBS Group restated a “buy” rating on shares of Generac in a research report on Friday. Finally, Weiss Ratings raised shares of Generac from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th.

Generac Trading Up 5.1%

Shares of Generac stock opened at $208.14 on Friday. Generac has a twelve month low of $134.80 and a twelve month high of $296.44. The company has a quick ratio of 1.00, a current ratio of 2.04 and a debt-to-equity ratio of 0.43. The business has a 50-day moving average price of $200.72 and a 200-day moving average price of $225.90. The firm has a market cap of $12.28 billion, a price-to-earnings ratio of 47.96, a PEG ratio of 1.70 and a beta of 1.91.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, July 29th. The technology company reported $2.91 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.90. Generac had a return on equity of 17.83% and a net margin of 5.82%.The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the business earned $1.65 earnings per share. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. Equities research analysts anticipate that Generac will post 9.74 EPS for the current fiscal year.

Insider Transactions at Generac

In other Generac news, insider Kyle Raabe sold 603 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $229.50, for a total transaction of $138,388.50. Following the sale, the insider directly owned 10,356 shares in the company, valued at $2,376,702. This represents a 5.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 that occurred on Tuesday, September 1st. The shares were sold at an average price of $182.21, for a total value of $911,050.00. Following the completion of the sale, the chief executive officer directly owned 549,528 shares of the company’s stock, valued at $100,129,496.88. The trade was a 0.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 12,839 shares of company stock worth $2,519,973 in the last three months. Insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Generac

Large investors have recently modified their holdings of the stock. Nicollet Investment Management Inc. lifted its position in Generac by 0.7% in the fourth quarter. Nicollet Investment Management Inc. now owns 7,734 shares of the technology company’s stock worth $1,055,000 after buying an additional 50 shares during the last quarter. Root Financial Partners LLC boosted its stake in Generac by 32.9% during the first quarter. Root Financial Partners LLC now owns 218 shares of the technology company’s stock worth $43,000 after buying an additional 54 shares during the period. Essential Partners LLC increased its position in Generac by 57.0% during the first quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock valued at $33,000 after acquiring an additional 61 shares during the last quarter. Oarsman Capital Inc. increased its position in Generac by 4.3% during the second quarter. Oarsman Capital Inc. now owns 1,492 shares of the technology company’s stock valued at $437,000 after acquiring an additional 61 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in shares of Generac by 0.4% in the second quarter. Arizona State Retirement System now owns 16,190 shares of the technology company’s stock valued at $4,741,000 after acquiring an additional 64 shares during the period. Institutional investors own 84.04% of the company’s stock.

About Generac

Generac Holdings Inc is an energy technology company that designs and manufactures power generation and energy management products. Its portfolio includes residential standby generators, portable generators, commercial and industrial generator systems, and related transfer switches, controls and monitoring technologies.

The company also offers clean energy and electrification solutions, including battery energy storage systems, solar-related products, electric vehicle chargers and load-management technologies.