Generac Holdings Inc. (NYSE:GNRC) Receives $165.40 Average Price Target from Brokerages

Shares of Generac Holdings Inc. (NYSE:GNRC) have earned a consensus recommendation of “Hold” from the twenty-one research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $169.10.

A number of research firms recently issued reports on GNRC. Citigroup raised their price target on Generac from $128.00 to $172.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Piper Sandler lifted their target price on Generac from $175.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. StockNews.com upgraded Generac from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. TD Cowen lifted their price objective on shares of Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research report on Friday. Finally, The Goldman Sachs Group upped their price objective on shares of Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday.

Generac Stock Up 2.0 %

Shares of NYSE:GNRC opened at $168.91 on Friday. Generac has a twelve month low of $98.27 and a twelve month high of $176.14. The company has a market capitalization of $10.16 billion, a PE ratio of 43.31, a P/E/G ratio of 2.12 and a beta of 1.38. The company has a current ratio of 2.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.61. The firm has a 50 day simple moving average of $156.93 and a 200-day simple moving average of $147.89.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.27. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Generac had a return on equity of 15.35% and a net margin of 6.03%. The company’s revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.64 earnings per share. On average, equities analysts predict that Generac will post 6.49 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total value of $794,650.00. Following the sale, the chief executive officer now directly owns 562,177 shares of the company’s stock, valued at approximately $89,346,790.61. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Generac

A number of institutional investors and hedge funds have recently bought and sold shares of GNRC. Capital World Investors lifted its position in shares of Generac by 2.1% in the first quarter. Capital World Investors now owns 1,230,434 shares of the technology company’s stock valued at $155,207,000 after acquiring an additional 25,646 shares in the last quarter. William Blair Investment Management LLC purchased a new position in shares of Generac during the second quarter valued at approximately $98,282,000. Dimensional Fund Advisors LP raised its holdings in Generac by 5.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 702,811 shares of the technology company’s stock valued at $92,941,000 after acquiring an additional 35,026 shares during the last quarter. Ninety One UK Ltd boosted its holdings in shares of Generac by 0.7% during the second quarter. Ninety One UK Ltd now owns 519,741 shares of the technology company’s stock worth $68,720,000 after purchasing an additional 3,849 shares during the last quarter. Finally, Blair William & Co. IL grew its position in shares of Generac by 29.2% in the second quarter. Blair William & Co. IL now owns 457,475 shares of the technology company’s stock valued at $60,487,000 after purchasing an additional 103,439 shares during the period. Hedge funds and other 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.