Generac (NYSE:GNRC) Now Covered by Analysts at Cantor Fitzgerald

Cantor Fitzgerald began coverage on shares of Generac (NYSE:GNRC) in a research note published on Wednesday, MarketBeat.com reports. The firm issued an overweight rating and a $325.00 price target on the technology company’s stock.

Other analysts have also recently issued research reports about the company. Robert W. Baird set a $311.00 price objective on Generac in a research report on Thursday, April 30th. Raymond James Financial set a $302.00 price target on Generac in a research note on Friday, May 22nd. Barclays raised their price target on Generac from $228.00 to $285.00 and gave the stock an “equal weight” rating in a report on Monday, June 29th. Wall Street Zen upgraded Generac from a “hold” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Finally, UBS Group upped their price objective on shares of Generac from $305.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Generac currently has a consensus rating of “Moderate Buy” and a consensus target price of $286.44.

Generac Trading Down 1.0%

Shares of GNRC opened at $213.37 on Wednesday. The firm has a market capitalization of $12.56 billion, a price-to-earnings ratio of 66.89, a PEG ratio of 2.02 and a beta of 1.89. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.03 and a quick ratio of 0.99. Generac has a 1-year low of $134.80 and a 1-year high of $296.44. The company has a 50-day moving average of $258.83 and a 200 day moving average of $222.36.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, April 29th. The technology company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.47. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Generac had a return on equity of 15.45% and a net margin of 4.37%.The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.26 EPS. On average, research analysts expect that Generac will post 8.91 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $272.18, for a total value of $1,360,900.00. Following the completion of the transaction, the chief executive officer owned 564,528 shares in the company, valued at $153,653,231.04. The trade was a 0.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $256.00, for a total value of $140,800.00. Following the completion of the sale, the insider owned 15,808 shares of the company’s stock, valued at $4,046,848. This trade represents a 3.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,100 shares of company stock valued at $1,651,443 in the last ninety days. 2.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Generac

A number of institutional investors and hedge funds have recently bought and sold shares of the business. MUFG Securities EMEA plc acquired a new stake in shares of Generac during the 2nd quarter worth about $25,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Generac in the third quarter valued at approximately $26,000. Avalon Trust Co purchased a new stake in Generac during the 1st quarter worth approximately $32,000. Essential Partners LLC increased its stake in Generac by 57.0% during the 1st quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock worth $33,000 after buying an additional 61 shares during the period. Finally, GHP Investment Advisors Inc. acquired a new stake in Generac during the 1st quarter worth approximately $36,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Company Profile

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.