Generac (NYSE:GNRC) Price Target Cut to $200.00 by Analysts at UBS Group

Generac (NYSE:GNRC - Get Free Report) had its target price dropped by analysts at UBS Group from $205.00 to $200.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a "buy" rating on the technology company's stock. UBS Group's price objective would indicate a potential upside of 30.95% from the company's previous close.

A number of other brokerages have also weighed in on GNRC. Piper Sandler decreased their target price on Generac from $175.00 to $155.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. TD Securities reduced their price target on shares of Generac from $173.00 to $155.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Robert W. Baird reduced their price target on shares of Generac from $171.00 to $127.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. TD Cowen reduced their price target on shares of Generac from $173.00 to $155.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Finally, Wells Fargo & Company reduced their target price on shares of Generac from $165.00 to $128.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $164.58.

Generac Stock Down 0.1%

Shares of GNRC stock traded down $0.19 during mid-day trading on Thursday, reaching $152.73. 284,098 shares of the company's stock traded hands, compared to its average volume of 881,146. Generac has a 12 month low of $99.50 and a 12 month high of $195.94. The company has a market cap of $9.02 billion, a P/E ratio of 26.61, a P/E/G ratio of 1.35 and a beta of 1.72. The company has a quick ratio of 0.89, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The company's 50-day moving average price is $135.92 and its 200-day moving average price is $134.18.

Generac (NYSE:GNRC - Get Free Report) last announced its earnings results on Wednesday, April 30th. The technology company reported $1.26 EPS for the quarter, beating analysts' consensus estimates of $0.99 by $0.27. Generac had a net margin of 7.68% and a return on equity of 18.90%. The firm had revenue of $942.12 million for the quarter, compared to analysts' expectations of $921.78 million. During the same quarter in the previous year, the business posted $0.88 EPS. The company's quarterly revenue was up 5.9% on a year-over-year basis. On average, equities analysts expect that Generac will post 8 earnings per share for the current fiscal year.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $142.40, for a total transaction of $712,000.00. Following the completion of the sale, the chief executive officer owned 562,966 shares of the company's stock, valued at approximately $80,166,358.40. The trade was a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Generac by 1.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,456 shares of the technology company's stock worth $1,001,000 after acquiring an additional 72 shares in the last quarter. Pine Haven Investment Counsel Inc raised its stake in Generac by 2.7% during the second quarter. Pine Haven Investment Counsel Inc now owns 2,861 shares of the technology company's stock valued at $410,000 after buying an additional 75 shares in the last quarter. MetLife Investment Management LLC raised its stake in Generac by 0.5% during the fourth quarter. MetLife Investment Management LLC now owns 17,004 shares of the technology company's stock valued at $2,636,000 after buying an additional 77 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Generac by 81.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company's stock valued at $25,000 after buying an additional 77 shares in the last quarter. Finally, Alaethes Wealth LLC raised its stake in Generac by 0.7% during the fourth quarter. Alaethes Wealth LLC now owns 11,721 shares of the technology company's stock valued at $1,817,000 after buying an additional 78 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company's stock.

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.

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