Generac Holdings Inc. (NYSE:GNRC) Given Average Rating of “Moderate Buy” by Analysts

Generac Holdings Inc. (NYSE:GNRC) has received an average rating of “Moderate Buy” from the twenty-two analysts that are presently covering the firm, Marketbeat.com reports. Ten analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $174.38.

GNRC has been the subject of several analyst reports. Bank of America assumed coverage on shares of Generac in a report on Monday. They set a “buy” rating and a $182.00 price target for the company. Wells Fargo & Company lowered their target price on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. Truist Financial dropped their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Citigroup cut their target price on Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Finally, Piper Sandler decreased their price target on shares of Generac from $185.00 to $175.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th.

Generac Trading Up 4.6 %

GNRC opened at $137.61 on Tuesday. Generac has a 1-year low of $115.76 and a 1-year high of $195.94. The firm has a market capitalization of $8.20 billion, a price-to-earnings ratio of 25.48, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. The company’s 50 day simple moving average is $142.95 and its two-hundred day simple moving average is $158.07. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, topping the consensus estimate of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. Analysts expect that Generac will post 8 EPS for the current fiscal year.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the sale, the chief executive officer now directly owns 565,825 shares in the company, valued at approximately $82,129,498.75. This trade represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.90% of the company’s stock.

Institutional Trading of Generac

Several hedge funds have recently bought and sold shares of GNRC. Hurley Capital LLC acquired a new position in shares of Generac during the fourth quarter worth approximately $26,000. Modus Advisors LLC acquired a new position in Generac during the 4th quarter worth $27,000. Versant Capital Management Inc increased its holdings in shares of Generac by 391.9% during the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after purchasing an additional 145 shares during the period. Cranbrook Wealth Management LLC bought a new position in Generac in the 4th quarter valued at about $28,000. Finally, Brooklyn Investment Group bought a new position in Generac in the 3rd quarter valued at about $31,000. 84.04% of the stock is currently owned by 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.