Generac Holdings Inc. (NYSE:GNRC) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Generac Holdings Inc. (NYSE:GNRC) have been assigned a consensus rating of “Hold” from the twenty-three research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $141.67.

A number of equities analysts have recently issued reports on the company. Canaccord Genuity Group raised their price target on Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Guggenheim downgraded Generac from a “neutral” rating to a “sell” rating and set a $120.00 price target on the stock. in a research note on Thursday, May 30th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $149.00 price target on shares of Generac in a research note on Thursday, May 23rd. OTR Global upgraded Generac from a “mixed” rating to a “positive” rating in a research note on Tuesday, April 2nd. Finally, StockNews.com upgraded Generac from a “hold” rating to a “buy” rating in a research note on Tuesday, June 25th.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $126.94, for a total value of $634,700.00. Following the sale, the chief executive officer now directly owns 592,177 shares of the company’s stock, valued at $75,170,948.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $126.94, for a total value of $634,700.00. Following the sale, the chief executive officer now directly owns 592,177 shares of the company’s stock, valued at $75,170,948.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Erik Wilde sold 4,384 shares of Generac stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $154.04, for a total value of $675,311.36. Following the completion of the transaction, the executive vice president now owns 17,897 shares of the company’s stock, valued at approximately $2,756,853.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,785 shares of company stock valued at $11,688,161. 2.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ICA Group Wealth Management LLC purchased a new position in Generac in the fourth quarter worth about $27,000. EntryPoint Capital LLC boosted its position in shares of Generac by 73.2% during the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock valued at $27,000 after buying an additional 90 shares during the period. BKM Wealth Management LLC purchased a new position in shares of Generac during the fourth quarter valued at approximately $28,000. ORG Partners LLC purchased a new position in shares of Generac during the fourth quarter valued at approximately $38,000. Finally, Quarry LP boosted its position in shares of Generac by 219.6% during the fourth 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 period. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Stock Performance

Shares of GNRC opened at $132.22 on Friday. The business’s fifty day simple moving average is $140.16 and its two-hundred day simple moving average is $128.13. The company has a current ratio of 2.29, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61. Generac has a 12 month low of $79.86 and a 12 month high of $156.95. The company has a market cap of $8.01 billion, a price-to-earnings ratio of 36.42, a P/E/G ratio of 1.84 and a beta of 1.44.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, May 1st. The technology company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.72 by $0.16. Generac had a return on equity of 14.68% and a net margin of 5.68%. The business had revenue of $889.27 million for the quarter, compared to the consensus estimate of $886.60 million. During the same period last year, the business posted $0.63 EPS. The company’s revenue was up .2% compared to the same quarter last year. Research analysts anticipate that Generac will post 6.15 earnings per share for the current fiscal year.

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.