Generac’s (GNRC) “Overweight” Rating Reaffirmed at Stephens

Stephens restated their overweight rating on shares of Generac (NYSE:GNRC) in a report issued on Tuesday morning,Benzinga reports. The brokerage currently has a $175.00 target price on the technology company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Company cut their price objective on shares of Generac from $165.00 to $128.00 and set an “equal weight” rating for the company in a research note on Thursday, May 1st. TD Cowen cut their price objective on shares of Generac from $173.00 to $155.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Piper Sandler cut their price objective on shares of Generac from $175.00 to $155.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. UBS Group upped their price objective on shares of Generac from $200.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, Citigroup raised shares of Generac from a “neutral” rating to a “buy” rating and dropped their price target for the company from $162.00 to $138.00 in a research report on Thursday, April 17th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Generac presently has an average rating of “Moderate Buy” and an average price target of $165.95.

Generac Price Performance

Shares of NYSE:GNRC opened at $126.07 on Tuesday. The company’s fifty day moving average price is $119.17 and its 200-day moving average price is $144.03. The firm has a market capitalization of $7.45 billion, a price-to-earnings ratio of 23.35, a PEG ratio of 1.44 and a beta of 1.73. Generac has a one year low of $99.50 and a one year high of $195.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.27. The firm had revenue of $942.12 million for the quarter, compared to analyst estimates of $921.78 million. Generac had a net margin of 7.36% and a return on equity of 18.17%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.88 EPS. On average, equities research analysts anticipate that Generac will post 8 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GNRC. Hurley Capital LLC bought a new position in Generac in the 4th quarter worth $26,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Generac in the 1st quarter worth $28,000. Bank of Jackson Hole Trust bought a new position in shares of Generac in the 4th quarter worth about $31,000. Quadrant Capital Group LLC increased its stake in shares of Generac by 61.7% in the 4th quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company’s stock worth $35,000 after acquiring an additional 87 shares in the last quarter. Finally, Private Trust Co. NA increased its stake in shares of Generac by 42.9% in the 1st quarter. Private Trust Co. NA now owns 300 shares of the technology company’s stock worth $38,000 after acquiring an additional 90 shares in the last quarter. 84.04% of the stock is currently owned by 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.