Generac Holdings Inc. (NYSE:GNRC) Receives $142.40 Consensus Price Target from Analysts

Generac Holdings Inc. (NYSE:GNRC) has received an average recommendation of “Moderate Buy” from the twenty-three brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $142.40.

Several research firms have weighed in on GNRC. Citigroup boosted their target price on shares of Generac from $124.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Canaccord Genuity Group boosted their target price on shares of Generac from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, April 5th. UBS Group decreased their target price on shares of Generac from $160.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, February 15th. Robert W. Baird upped their price objective on shares of Generac from $112.00 to $129.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Finally, TD Cowen decreased their price objective on shares of Generac from $165.00 to $144.00 and set an “outperform” rating on the stock in a report on Thursday, February 15th.

Generac Stock Up 2.2 %

Shares of NYSE GNRC opened at $136.30 on Friday. Generac has a 12-month low of $79.86 and a 12-month high of $156.95. The stock has a market cap of $8.24 billion, a PE ratio of 37.55, a P/E/G ratio of 1.82 and a beta of 1.41. The company has a current ratio of 2.29, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61. The company has a 50-day moving average of $125.00 and a 200 day moving average of $118.66.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, May 1st. The technology company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.16. The company had revenue of $889.27 million for the quarter, compared to analyst estimates of $886.60 million. Generac had a net margin of 5.68% and a return on equity of 14.68%. Generac’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the business posted $0.63 EPS. As a group, sell-side analysts predict that Generac will post 6.1 EPS for the current fiscal year.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $139.95, for a total value of $699,750.00. Following the sale, the chief executive officer now directly owns 587,177 shares of the company’s stock, valued at approximately $82,175,421.15. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. ICA Group Wealth Management LLC purchased a new position in shares of Generac in the 4th quarter valued at $27,000. BKM Wealth Management LLC purchased a new position in shares of Generac in the 4th quarter valued at $28,000. Headlands Technologies LLC purchased a new position in shares of Generac in the 3rd quarter valued at $28,000. ORG Partners LLC purchased a new position in shares of Generac in the 4th quarter valued at $38,000. Finally, Quarry LP grew its position in shares of Generac by 219.6% in the 4th quarter. Quarry LP now owns 294 shares of the technology company’s stock valued at $38,000 after buying an additional 202 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

About Generac

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.