Oppenheimer Boosts Generac (NYSE:GNRC) Price Target to $145.00

Generac (NYSE:GNRC - Free Report) had its target price boosted by Oppenheimer from $140.00 to $145.00 in a report published on Thursday morning, Benzinga reports. The brokerage currently has an outperform rating on the technology company's stock.

Other equities analysts have also issued reports about the stock. Canaccord Genuity Group increased their price objective on shares of Generac from $140.00 to $150.00 and gave the company a buy rating in a research report on Friday, April 5th. UBS Group lowered their price target on shares of Generac from $160.00 to $150.00 and set a buy rating on the stock in a research report on Thursday, February 15th. Robert W. Baird raised their price target on shares of Generac from $112.00 to $129.00 and gave the stock a neutral rating in a research report on Thursday, February 15th. Canaccord Genuity Group raised their price target on shares of Generac from $140.00 to $150.00 and gave the stock a buy rating in a research report on Friday, April 5th. Finally, Guggenheim lowered shares of Generac from a buy rating to a neutral rating in a research report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $142.40.

Generac Stock Performance

NYSE GNRC traded up $1.03 on Thursday, hitting $128.66. 1,539,850 shares of the stock were exchanged, compared to its average volume of 1,102,182. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.27 and a quick ratio of 0.94. The business's fifty day moving average is $123.73 and its 200 day moving average is $117.77. Generac has a 52 week low of $79.86 and a 52 week high of $156.95. The company has a market capitalization of $7.77 billion, a PE ratio of 39.82, a P/E/G ratio of 1.85 and a beta of 1.41.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.16. The firm had revenue of $889.27 million for the quarter, compared to analyst estimates of $886.60 million. Generac had a net margin of 5.33% and a return on equity of 14.15%. The company's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.63 earnings per share. Research analysts anticipate that Generac will post 6.12 EPS for the current fiscal year.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $126.94, for a total value of $634,700.00. Following the sale, the chief executive officer now directly owns 592,177 shares in the company, valued at approximately $75,170,948.38. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Generac

Hedge funds have recently made changes to their positions in the stock. ICA Group Wealth Management LLC acquired a new stake in Generac during the 4th quarter worth approximately $27,000. BKM Wealth Management LLC acquired a new stake in Generac during the 4th quarter worth approximately $28,000. Headlands Technologies LLC acquired a new stake in Generac during the 3rd quarter worth approximately $28,000. ORG Partners LLC acquired a new stake in Generac during the 4th quarter worth approximately $38,000. Finally, Quarry LP boosted its position in Generac by 219.6% during the 4th quarter. Quarry LP now owns 294 shares of the technology company's stock worth $38,000 after buying an additional 202 shares during the period. 84.04% of the stock is currently owned by institutional investors and hedge funds.

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.