Generac (NYSE:GNRC) Price Target Raised to $205.00

Generac (NYSE:GNRC) had its target price increased by UBS Group from $200.00 to $205.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Other analysts have also issued reports about the company. TD Cowen lifted their price target on Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Stifel Nicolaus reduced their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday. JPMorgan Chase & Co. raised their price target on shares of Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Piper Sandler decreased their price objective on Generac from $200.00 to $185.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Finally, Robert W. Baird cut their target price on Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $174.00.

Generac Trading Down 0.0 %

Shares of Generac stock opened at $146.80 on Thursday. The firm’s 50 day moving average is $156.31 and its 200 day moving average is $160.57. The firm has a market capitalization of $8.73 billion, a PE ratio of 30.46, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42. Generac has a 1 year low of $108.89 and a 1 year high of $195.94. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56.

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

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $82,129,498.75. The trade was a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.90% of the company’s stock.

Institutional Trading of Generac

Several hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new position in Generac during the fourth quarter worth $90,913,000. Boston Partners increased its position in shares of Generac by 39.0% during the fourth quarter. Boston Partners now owns 1,903,297 shares of the technology company’s stock worth $295,123,000 after acquiring an additional 533,612 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Generac by 81.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company’s stock worth $161,684,000 after acquiring an additional 469,575 shares during the last quarter. Jennison Associates LLC lifted its position in Generac by 133.6% in the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock valued at $104,227,000 after acquiring an additional 384,434 shares in the last quarter. Finally, Forest Avenue Capital Management LP acquired a new position in Generac during the 4th quarter valued at about $49,313,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

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.