Generac (NYSE:GNRC - Free Report) had its price target reduced by TD Cowen from $173.00 to $155.00 in a research note issued to investors on Thursday, MarketBeat reports. They currently have a buy rating on the technology company's stock.
Several other research analysts have also commented on the stock. Piper Sandler decreased their price objective on shares of Generac from $175.00 to $155.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Citigroup upgraded shares of Generac from a "neutral" rating to a "buy" rating and lowered their price objective for the stock from $162.00 to $138.00 in a report on Thursday, April 17th. Bank of America initiated coverage on Generac in a report on Monday, March 24th. They set a "buy" rating and a $182.00 target price on the stock. UBS Group raised their target price on Generac from $200.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, Stifel Nicolaus decreased their price objective on Generac from $210.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Nine equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $167.20.
Check Out Our Latest Research Report on Generac
Generac Trading Up 1.6 %
Shares of GNRC stock traded up $1.78 during mid-day trading on Thursday, reaching $114.45. The stock had a trading volume of 1,090,037 shares, compared to its average volume of 849,115. The firm has a market capitalization of $6.82 billion, a PE ratio of 21.19, a price-to-earnings-growth ratio of 1.44 and a beta of 1.73. The stock's 50-day moving average price is $122.07 and its two-hundred day moving average price is $149.60. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. Generac has a 52-week low of $99.50 and a 52-week high of $195.94.
Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.99 by $0.27. Generac had a return on equity of 18.17% and a net margin of 7.36%. The company had revenue of $942.12 million for the quarter, compared to the consensus estimate of $921.78 million. During the same quarter in the previous year, the business earned $0.88 EPS. Generac's revenue was up 5.9% compared to the same quarter last year. Equities analysts expect that Generac will post 8 earnings per share for the current fiscal year.
Insider Transactions at Generac
In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the sale, the chief executive officer now owns 565,825 shares in the company, valued at approximately $82,129,498.75. This trade represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.90% of the company's stock.
Hedge Funds Weigh In On Generac
Several hedge funds and other institutional investors have recently modified their holdings of GNRC. Nebula Research & Development LLC purchased a new stake in Generac during the fourth quarter valued at $3,638,000. Pinebridge Investments L.P. grew its stake in shares of Generac by 28.1% during the 4th quarter. Pinebridge Investments L.P. now owns 68,993 shares of the technology company's stock valued at $10,697,000 after purchasing an additional 15,147 shares during the period. Nordea Investment Management AB purchased a new stake in shares of Generac during the 4th quarter valued at about $5,229,000. Global Financial Private Client LLC purchased a new position in shares of Generac in the fourth quarter worth approximately $614,000. Finally, Franklin Resources Inc. boosted its holdings in shares of Generac by 106.1% in the third quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company's stock worth $4,998,000 after buying an additional 14,811 shares during the last quarter. 84.04% of the stock is owned by institutional investors.
Generac Company Profile
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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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