Generac Holdings Inc. (NYSE:GNRC) Receives Average Rating of “Hold” from Analysts

Shares of Generac Holdings Inc. (NYSE:GNRC) have earned an average rating of “Hold” from the twenty-three brokerages that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $141.67.

A number of analysts recently commented on the company. Truist Financial lifted their price target on shares of Generac from $160.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Oppenheimer downgraded shares of Generac from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 22nd. Roth Mkm lifted their price objective on Generac from $120.00 to $135.00 and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. StockNews.com raised Generac from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Janney Montgomery Scott lowered Generac from a “buy” rating to a “neutral” rating and lifted their price target for the company from $126.00 to $154.00 in a research report on Thursday, June 13th.

Insiders Place Their Bets

In other Generac news, insider Patrick John Forsythe sold 65,855 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $145.80, for a total value of $9,601,659.00. Following the completion of the transaction, the insider now owns 19,815 shares of the company’s stock, valued at approximately $2,889,027. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Erik Wilde sold 4,384 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $154.04, for a total value of $675,311.36. Following the transaction, the executive vice president now directly owns 17,897 shares in the company, valued at approximately $2,756,853.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Patrick John Forsythe sold 65,855 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $145.80, for a total value of $9,601,659.00. Following the sale, the insider now owns 19,815 shares of the company’s stock, valued at approximately $2,889,027. The disclosure for this sale can be found here. In the last quarter, insiders sold 80,785 shares of company stock valued at $11,688,161. Corporate insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Generac

Hedge funds and other institutional investors have recently made changes to their positions in the business. Rafferty Asset Management LLC boosted its position in shares of Generac by 16.9% in the third quarter. Rafferty Asset Management LLC now owns 10,309 shares of the technology company’s stock worth $1,123,000 after purchasing an additional 1,492 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Generac in the 3rd quarter worth about $679,000. Envestnet Asset Management Inc. raised its position in shares of Generac by 14.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 98,740 shares of the technology company’s stock valued at $10,759,000 after buying an additional 12,703 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Generac by 28.8% in the 3rd quarter. LPL Financial LLC now owns 89,474 shares of the technology company’s stock valued at $9,749,000 after acquiring an additional 19,985 shares during the last quarter. Finally, Mariner LLC grew its position in Generac by 17.3% in the third quarter. Mariner LLC now owns 5,566 shares of the technology company’s stock worth $606,000 after acquiring an additional 822 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Trading Up 1.0 %

NYSE:GNRC opened at $136.00 on Friday. The firm has a market capitalization of $8.24 billion, a P/E ratio of 37.47, a P/E/G ratio of 1.85 and a beta of 1.44. Generac has a 52 week low of $79.86 and a 52 week high of $156.95. The company has a quick ratio of 0.97, a current ratio of 2.29 and a debt-to-equity ratio of 0.61. The company has a fifty day moving average of $140.21 and a 200 day moving average of $128.02.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, May 1st. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.16. The company had revenue of $889.27 million for the quarter, compared to analysts’ expectations of $886.60 million. Generac had a return on equity of 14.68% and a net margin of 5.68%. Generac’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the firm earned $0.63 earnings per share. On average, research analysts predict that Generac will post 6.15 earnings per share for the current year.

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.