Generac (NYSE:GNRC) Earns Equal Weight Rating from Analysts at Barclays

Research analysts at Barclays started coverage on shares of Generac (NYSE:GNRC) in a research report issued on Wednesday, Marketbeat reports. The firm set an “equal weight” rating and a $189.00 price target on the technology company’s stock. Barclays‘s price target points to a potential upside of 5.00% from the stock’s current price.

A number of other brokerages have also weighed in on GNRC. JPMorgan Chase & Co. lifted their price objective on shares of Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Piper Sandler boosted their price target on Generac from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Truist Financial raised their price objective on Generac from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. TD Cowen upped their target price on Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Robert W. Baird cut their price target on Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $175.30.

Generac Stock Down 1.4 %

Shares of NYSE:GNRC opened at $180.00 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. The business has a 50 day simple moving average of $175.72 and a two-hundred day simple moving average of $156.38. Generac has a 1 year low of $108.89 and a 1 year high of $195.94. The firm has a market capitalization of $10.71 billion, a PE ratio of 37.34, a price-to-earnings-growth ratio of 2.29 and a beta of 1.39.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, beating the consensus estimate of $1.98 by $0.27. Generac had a return on equity of 16.70% and a net margin of 7.17%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the company posted $1.64 EPS. Generac’s quarterly revenue was up 9.6% on a year-over-year basis. On average, equities analysts predict that Generac will post 6.8 EPS for the current year.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total transaction of $794,650.00. Following the sale, the chief executive officer now owns 562,177 shares of the company’s stock, valued at approximately $89,346,790.61. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total transaction of $585,069.46. Following the transaction, the executive vice president now owns 10,738 shares in the company, valued at $1,971,282.04. The trade was a 22.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,268 shares of company stock valued at $7,584,853 in the last ninety days. Corporate insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Empirical Finance LLC boosted its position in Generac by 4.1% in the third quarter. Empirical Finance LLC now owns 1,689 shares of the technology company’s stock valued at $268,000 after buying an additional 66 shares during the last quarter. Duncker Streett & Co. Inc. increased its stake in shares of Generac by 2.4% in the second quarter. Duncker Streett & Co. Inc. now owns 2,932 shares of the technology company’s stock worth $388,000 after acquiring an additional 68 shares during the period. Johnson Investment Counsel Inc. raised its holdings in shares of Generac by 0.3% during the second quarter. Johnson Investment Counsel Inc. now owns 22,549 shares of the technology company’s stock worth $2,981,000 after purchasing an additional 75 shares during the last quarter. Nicollet Investment Management Inc. lifted its position in Generac by 1.1% during the third quarter. Nicollet Investment Management Inc. now owns 7,866 shares of the technology company’s stock valued at $1,250,000 after purchasing an additional 82 shares during the period. Finally, Mather Group LLC. boosted its holdings in Generac by 6.5% in the third quarter. Mather Group LLC. now owns 1,528 shares of the technology company’s stock valued at $243,000 after purchasing an additional 93 shares during the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

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.