Roth Mkm Raises Generac (NYSE:GNRC) Price Target to $135.00

Generac (NYSE:GNRC - Free Report) had its price target lifted by Roth Mkm from $120.00 to $135.00 in a report published on Tuesday, Benzinga reports. Roth Mkm currently has a neutral rating on the technology company's stock.

Other research analysts have also issued reports about the stock. OTR Global raised shares of Generac from a mixed rating to a positive rating in a research note on Tuesday, April 2nd. Canaccord Genuity Group raised their price target on shares of Generac from $140.00 to $150.00 and gave the company a buy rating in a research note on Friday, April 5th. Canaccord Genuity Group raised their price target on shares of Generac from $140.00 to $150.00 and gave the company a buy rating in a research note on Friday, April 5th. Robert W. Baird increased their price objective on shares of Generac from $112.00 to $129.00 and gave the company a neutral rating in a report on Thursday, February 15th. Finally, Guggenheim downgraded shares of Generac from a buy rating to a neutral rating in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Generac presently has an average rating of Moderate Buy and an average price target of $141.65.

Generac Price Performance

Shares of GNRC stock traded up $1.98 during mid-day trading on Tuesday, hitting $136.10. 1,450,431 shares of the stock were exchanged, compared to its average volume of 1,045,503. The firm has a fifty day moving average of $121.53 and a 200 day moving average of $116.52. The company has a quick ratio of 0.94, a current ratio of 2.27 and a debt-to-equity ratio of 0.62. Generac has a 52-week low of $79.86 and a 52-week high of $156.95. The company has a market cap of $8.20 billion, a PE ratio of 41.37, a price-to-earnings-growth ratio of 1.79 and a beta of 1.45.

Generac (NYSE:GNRC - Get Free Report) last posted its earnings results on Wednesday, February 14th. The technology company reported $2.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.09 by ($0.02). Generac had a return on equity of 14.15% and a net margin of 5.33%. The firm had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.09 billion. During the same period in the previous year, the company earned $1.78 earnings per share. The company's revenue was up 1.4% compared to the same quarter last year. Research analysts anticipate that Generac will post 6.3 earnings per share for the current year.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, February 1st. The shares were 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 owns 577,690 shares of the company's stock, valued at approximately $66,561,441.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Generac

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ninety One UK Ltd increased its stake in Generac by 13.4% in the fourth quarter. Ninety One UK Ltd now owns 476,897 shares of the technology company's stock valued at $61,634,000 after purchasing an additional 56,169 shares during the period. State of Alaska Department of Revenue increased its stake in Generac by 273.7% in the fourth quarter. State of Alaska Department of Revenue now owns 27,636 shares of the technology company's stock valued at $3,571,000 after purchasing an additional 20,240 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in Generac by 13.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 83,646 shares of the technology company's stock valued at $10,810,000 after purchasing an additional 9,849 shares during the period. International Assets Investment Management LLC acquired a new position in Generac in the fourth quarter valued at $17,956,000. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of Generac by 40.5% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 146,470 shares of the technology company's stock worth $18,955,000 after acquiring an additional 42,208 shares during the period. 84.04% of the stock is owned by hedge funds and other institutional investors.

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.