Generac (NYSE:GNRC) Price Target Raised to $135.00

Generac (NYSE:GNRC) had its target price lifted by Roth Mkm from $120.00 to $135.00 in a report issued on Tuesday morning, Benzinga reports. The firm currently has a neutral rating on the technology company’s stock.

A number of other equities analysts have also commented on GNRC. UBS Group reduced their price objective on Generac from $160.00 to $150.00 and set a buy rating on the stock in a research note on Thursday, February 15th. OTR Global raised Generac from a mixed rating to a positive rating in a research note on Tuesday, April 2nd. Canaccord Genuity Group upped their price target on Generac from $140.00 to $150.00 and gave the company a buy rating in a research note on Friday, April 5th. Robert W. Baird upped their price target on Generac from $112.00 to $129.00 and gave the company a neutral rating in a research note on Thursday, February 15th. Finally, Citigroup upped their price target on Generac from $124.00 to $128.00 and gave the company a neutral rating in a research note on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $141.65.

Generac Stock Performance

Shares of NYSE:GNRC opened at $136.10 on Tuesday. The business’s fifty day moving average price is $121.53 and its two-hundred day moving average price is $116.52. Generac has a fifty-two week low of $79.86 and a fifty-two week high of $156.95. The stock has a market capitalization of $8.20 billion, a price-to-earnings ratio of 41.37, a price-to-earnings-growth ratio of 1.79 and a beta of 1.45. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.27 and a quick ratio of 0.94.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, February 14th. The technology company reported $2.07 EPS for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.02). The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.09 billion. Generac had a return on equity of 14.15% and a net margin of 5.33%. Generac’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.78 EPS. As a group, analysts predict that Generac will post 6.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the 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 completion of the sale, the chief executive officer now directly owns 592,177 shares in the company, valued at $75,170,948.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Ninety One UK Ltd grew its holdings in shares of Generac by 13.4% during the fourth quarter. Ninety One UK Ltd now owns 476,897 shares of the technology company’s stock worth $61,634,000 after buying an additional 56,169 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Generac by 273.7% during the fourth quarter. State of Alaska Department of Revenue now owns 27,636 shares of the technology company’s stock worth $3,571,000 after buying an additional 20,240 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Generac by 13.3% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 83,646 shares of the technology company’s stock worth $10,810,000 after buying an additional 9,849 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Generac during the fourth quarter worth about $17,956,000. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of Generac by 40.5% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 146,470 shares of the technology company’s stock worth $18,955,000 after buying an additional 42,208 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors.

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.