Generac Holdings Inc. (GNRC) Given Average Recommendation of “Hold” by Analysts

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Shares of Generac Holdings Inc. (NYSE:GNRC) have received an average recommendation of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $59.00.

A number of equities research analysts recently issued reports on GNRC shares. ValuEngine raised shares of Generac from a “sell” rating to a “hold” rating in a research note on Friday, November 16th. Zacks Investment Research downgraded shares of Generac from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 8th. Finally, William Blair downgraded shares of Generac from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 6th.

GNRC stock opened at $52.83 on Friday. Generac has a one year low of $43.65 and a one year high of $60.70. The company has a current ratio of 2.00, a quick ratio of 1.03 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $3.29 billion, a PE ratio of 11.24, a P/E/G ratio of 1.76 and a beta of 1.13.

Generac (NYSE:GNRC) last released its earnings results on Thursday, February 14th. The technology company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.39 by $0.03. Generac had a net margin of 11.71% and a return on equity of 44.15%. The firm had revenue of $563.40 million for the quarter, compared to the consensus estimate of $552.69 million. During the same quarter in the previous year, the firm earned $1.39 earnings per share. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. On average, equities research analysts predict that Generac will post 4.59 EPS for the current year.

In other Generac news, CEO Aaron Jagdfeld sold 20,000 shares of the business’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $53.08, for a total transaction of $1,061,600.00. Following the transaction, the chief executive officer now owns 747,771 shares in the company, valued at $39,691,684.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders have sold 60,000 shares of company stock worth $3,096,600. 3.00% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the business. Morgan Stanley grew its holdings in shares of Generac by 67.4% in the third quarter. Morgan Stanley now owns 360,592 shares of the technology company’s stock worth $20,341,000 after purchasing an additional 145,150 shares during the last quarter. We Are One Seven LLC grew its holdings in shares of Generac by 74.2% in the fourth quarter. We Are One Seven LLC now owns 8,880 shares of the technology company’s stock worth $441,000 after purchasing an additional 3,781 shares during the last quarter. GAM Holding AG grew its holdings in shares of Generac by 59.7% in the third quarter. GAM Holding AG now owns 30,965 shares of the technology company’s stock worth $1,747,000 after purchasing an additional 11,570 shares during the last quarter. Schroder Investment Management Group grew its holdings in shares of Generac by 70.9% in the third quarter. Schroder Investment Management Group now owns 908,090 shares of the technology company’s stock worth $51,225,000 after purchasing an additional 376,821 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Generac by 25.3% in the third quarter. First Trust Advisors LP now owns 241,047 shares of the technology company’s stock worth $13,597,000 after purchasing an additional 48,721 shares during the last quarter. Institutional investors and hedge funds own 95.57% of the company’s stock.

About Generac

Generac Holdings Inc designs, manufactures, and sells power generation equipment and other engine powered products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.

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Analyst Recommendations for Generac (NYSE:GNRC)

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