Generac (NYSE:GNRC) PT Raised to $175.00

Generac (NYSE:GNRC) had its target price increased by equities researchers at Roth Mkm from $160.00 to $175.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. Roth Mkm’s target price indicates a potential upside of 5.33% from the stock’s previous close.

Several other equities analysts have also issued reports on the company. TD Cowen raised their price objective on Generac from $144.00 to $172.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Robert W. Baird raised their price target on Generac from $142.00 to $163.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Piper Sandler lifted their price target on Generac from $175.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Canaccord Genuity Group increased their price objective on Generac from $177.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. lifted 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. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $165.40.

Generac Price Performance

Shares of NYSE GNRC opened at $166.15 on Tuesday. The stock’s 50-day simple moving average is $155.27 and its 200-day simple moving average is $146.74. The firm has a market capitalization of $10.07 billion, a PE ratio of 45.77, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38. Generac has a fifty-two week low of $79.86 and a fifty-two week high of $176.14. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.99 and a current ratio of 2.25.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.15. Generac had a net margin of 6.03% and a return on equity of 15.35%. The company had revenue of $998.20 million for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the company earned $1.08 earnings per share. The firm’s revenue for the quarter was down .2% on a year-over-year basis. As a group, equities research analysts forecast that Generac will post 6.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total value of $794,650.00. Following the completion of the sale, the chief executive officer now directly owns 562,177 shares of the company’s stock, valued at $89,346,790.61. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Generac

Large investors have recently made changes to their positions in the stock. Sunbelt Securities Inc. boosted its holdings in Generac by 97.1% during the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after buying an additional 100 shares in the last quarter. EntryPoint Capital LLC boosted its stake in shares of Generac by 73.2% during the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after acquiring an additional 90 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Generac by 73.5% in the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock worth $36,000 after acquiring an additional 97 shares during the period. Capital Advisors Ltd. LLC increased its stake in Generac by 611.1% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock valued at $34,000 after purchasing an additional 220 shares in the last quarter. Finally, Fairfield Financial Advisors LTD acquired a new position in Generac during the second quarter worth $38,000. Hedge funds and other institutional investors 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.