Generac (NYSE:GNRC) Price Target Lowered to $168.00 at The Goldman Sachs Group

Generac (NYSE:GNRC) had its target price cut by The Goldman Sachs Group from $193.00 to $168.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

GNRC has been the topic of a number of other research reports. Piper Sandler decreased their target price on shares of Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a report on Thursday. UBS Group increased their target price on shares of Generac from $200.00 to $205.00 and gave the company a “buy” rating in a report on Thursday. JPMorgan Chase & Co. increased their target price on shares of Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Wells Fargo & Company reduced their target price on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, Roth Mkm increased their target price on shares of Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Generac currently has an average rating of “Moderate Buy” and an average target price of $174.00.

Generac Stock Down 3.8 %

GNRC opened at $146.68 on Thursday. The stock has a market cap of $8.73 billion, a price-to-earnings ratio of 30.43, a PEG ratio of 1.44 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 $157.62 and its two-hundred day moving average price is $160.69. Generac has a twelve month low of $108.89 and a twelve month high of $195.94.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $0.31. Generac had a net margin of 7.17% and a return on equity of 16.70%. As a group, equities analysts expect that Generac will post 6.91 earnings per share for the current year.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the sale, the chief executive officer now directly 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Generac

Several institutional investors and hedge funds have recently modified their holdings of GNRC. Exchange Traded Concepts LLC purchased a new position in Generac during the 3rd quarter valued at about $114,000. Rheos Capital Works Inc. purchased a new position in Generac during the 3rd quarter valued at about $4,766,000. Cornerstone Wealth Management LLC purchased a new position in Generac during the 3rd quarter valued at about $227,000. Optimum Investment Advisors purchased a new position in Generac during the 3rd quarter valued at about $99,000. Finally, Blue Trust Inc. lifted its position in Generac by 73.5% during the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock valued at $36,000 after acquiring an additional 97 shares during the period. 84.04% of the stock is owned by hedge funds and other 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.