Generac (NYSE:GNRC) PT Raised to $135.00 at Roth Mkm

Generac (NYSE:GNRC) had its target price boosted by stock analysts at Roth Mkm from $120.00 to $135.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. Roth Mkm’s target price would suggest a potential downside of 1.59% from the stock’s current price.

GNRC has been the subject of a number of other reports. Robert W. Baird increased their target price on Generac from $112.00 to $129.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Guggenheim cut Generac from a “buy” rating to a “neutral” rating in a research note on Thursday, February 15th. UBS Group decreased their price target on Generac from $160.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, February 15th. TD Cowen cut their price target on Generac from $165.00 to $144.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. Finally, Citigroup boosted their target price on shares of Generac from $124.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, February 12th. One 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’s stock. According to data from MarketBeat, Generac has a consensus rating of “Moderate Buy” and a consensus target price of $141.65.

Generac Trading Up 0.8 %

Shares of Generac stock opened at $137.18 on Tuesday. 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 has a 1 year low of $79.86 and a 1 year high of $156.95. The company has a market capitalization of $8.27 billion, a P/E ratio of 41.70, a P/E/G ratio of 1.77 and a beta of 1.45. The business has a 50 day moving average price of $121.80 and a 200 day moving average price of $116.67.

Generac (NYSE:GNRC) last issued 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 firm 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%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.78 EPS. Sell-side analysts anticipate that Generac will post 6.3 EPS for the current fiscal year.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $115.22, for a total value of $576,100.00. Following the completion of the transaction, the chief executive officer now directly owns 577,690 shares of the company’s stock, valued at approximately $66,561,441.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Generac

A number of large investors have recently bought and sold shares of GNRC. Peregrine Asset Advisers Inc. grew its stake in shares of Generac by 1.6% in the 4th quarter. Peregrine Asset Advisers Inc. now owns 5,600 shares of the technology company’s stock worth $724,000 after buying an additional 90 shares during the last quarter. American International Group Inc. grew its holdings in Generac by 0.6% in the fourth quarter. American International Group Inc. now owns 16,550 shares of the technology company’s stock worth $2,139,000 after purchasing an additional 93 shares during the last quarter. Alaethes Wealth LLC lifted its stake in shares of Generac by 0.9% during the fourth quarter. Alaethes Wealth LLC now owns 11,420 shares of the technology company’s stock worth $1,476,000 after buying an additional 97 shares during the period. Lido Advisors LLC raised its position in shares of Generac by 2.9% in the third quarter. Lido Advisors LLC now owns 4,143 shares of the technology company’s stock worth $451,000 after acquiring an additional 115 shares during the period. Finally, AHL Investment Management Inc. grew its stake in Generac by 2.3% during the 1st quarter. AHL Investment Management Inc. now owns 6,125 shares of the technology company’s stock valued at $773,000 after acquiring an additional 135 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other 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.