Generac Holdings Inc. (NYSE:GNRC) Receives $174.30 Consensus Target Price from Brokerages

Generac Holdings Inc. (NYSE:GNRC) has been given a consensus rating of “Hold” by the twenty-one ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $174.30.

Several brokerages recently weighed in on GNRC. Citigroup cut their price objective on shares of Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. StockNews.com raised shares of Generac from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. Barclays initiated coverage on shares of Generac in a report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price target on the stock. Robert W. Baird reduced their price target on Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Finally, TD Cowen upped their price objective on Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a research report on Friday, November 1st.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the completion of the sale, the chief executive officer now owns 565,825 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.90% of the company’s stock.

Institutional Trading of Generac

A number of hedge funds have recently made changes to their positions in the stock. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Generac in the fourth quarter worth about $70,000. QRG Capital Management Inc. bought a new stake in shares of Generac in the fourth quarter worth approximately $297,000. Proficio Capital Partners LLC purchased a new stake in Generac during the fourth quarter valued at approximately $4,568,000. Oppenheimer & Co. Inc. increased its holdings in Generac by 0.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 45,080 shares of the technology company’s stock worth $6,990,000 after acquiring an additional 306 shares in the last quarter. Finally, K.J. Harrison & Partners Inc bought a new stake in Generac during the fourth quarter valued at about $471,000. 84.04% of the stock is owned by institutional investors.

Generac Price Performance

NYSE:GNRC opened at $142.31 on Monday. Generac has a 12 month low of $108.89 and a 12 month high of $195.94. The firm has a market cap of $8.47 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 1.51 and a beta of 1.42. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The company’s 50-day moving average price is $161.85 and its two-hundred day moving average price is $161.10.

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.