Generac (NYSE:GNRC) Given Overweight Rating at Stephens

Stephens reaffirmed their overweight rating on shares of Generac (NYSE:GNRC - Free Report) in a research note published on Tuesday morning,Benzinga reports. The firm currently has a $175.00 price objective on the technology company's stock.

Other equities analysts have also recently issued research reports about the stock. UBS Group upped their target price on shares of Generac from $200.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Bank of America started coverage on shares of Generac in a research note on Monday, March 24th. They set a "buy" rating and a $182.00 target price on the stock. TD Securities lowered their target price on shares of Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Stifel Nicolaus lowered their target price on shares of Generac from $200.00 to $195.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Finally, Canaccord Genuity Group lowered their target price on shares of Generac from $200.00 to $180.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $165.95.

Generac Stock Down 0.2%

Shares of NYSE:GNRC traded down $0.30 during midday trading on Tuesday, reaching $124.25. The company's stock had a trading volume of 542,020 shares, compared to its average volume of 839,778. The firm has a 50 day moving average of $118.76 and a 200-day moving average of $143.41. The firm has a market capitalization of $7.34 billion, a P/E ratio of 23.01, a PEG ratio of 1.44 and a beta of 1.73. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. Generac has a 12-month low of $99.50 and a 12-month high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last released its earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.99 by $0.27. Generac had a net margin of 7.36% and a return on equity of 18.17%. The firm had revenue of $942.12 million for the quarter, compared to the consensus estimate of $921.78 million. During the same period in the prior year, the firm earned $0.88 EPS. The company's revenue was up 5.9% compared to the same quarter last year. On average, research analysts anticipate that Generac will post 8 earnings per share for the current year.

Institutional Investors Weigh In On Generac

A number of institutional investors have recently added to or reduced their stakes in GNRC. Hurley Capital LLC purchased a new stake in Generac during the 4th quarter valued at approximately $26,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Generac during the 1st quarter valued at approximately $28,000. Bank of Jackson Hole Trust purchased a new position in shares of Generac in the fourth quarter valued at $31,000. Quadrant Capital Group LLC grew its holdings in shares of Generac by 61.7% in the fourth quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company's stock valued at $35,000 after purchasing an additional 87 shares in the last quarter. Finally, Private Trust Co. NA grew its holdings in shares of Generac by 42.9% in the first quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock valued at $38,000 after purchasing an additional 90 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.