Roth Mkm Raises Generac (NYSE:GNRC) Price Target to $175.00

Generac (NYSE:GNRC) had its price objective lifted by Roth Mkm from $160.00 to $175.00 in a research report released on Tuesday morning, Benzinga reports. The firm currently has a neutral rating on the technology company’s stock.

A number of other research firms have also recently weighed in on GNRC. Wells Fargo & Company upped their price objective on shares of Generac from $139.00 to $156.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. TD Cowen raised their price target on shares of Generac from $144.00 to $172.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. StockNews.com lowered Generac from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Northland Securities raised their target price on Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Finally, Scotiabank increased their price objective on Generac from $147.00 to $160.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $165.40.

Generac Price Performance

Shares of Generac stock opened at $166.03 on Tuesday. The firm has a market cap of $10.06 billion, a PE ratio of 45.74, a P/E/G ratio of 2.22 and a beta of 1.38. Generac has a twelve month low of $79.86 and a twelve month high of $176.14. The company has a quick ratio of 0.99, a current ratio of 2.25 and a debt-to-equity ratio of 0.61. The business has a 50-day moving average price of $155.61 and a 200 day moving average price of $146.88.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.15. The business had revenue of $998.20 million during the quarter, compared to analysts’ expectations of $1 billion. Generac had a return on equity of 15.35% and a net margin of 6.03%. The business’s revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.08 earnings per share. Sell-side analysts predict that Generac will post 6.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total transaction of $794,650.00. Following the completion of the sale, the chief executive officer now directly owns 562,177 shares of the company’s stock, valued at approximately $89,346,790.61. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.80% of the company’s stock.

Institutional Trading of Generac

Institutional investors have recently added to or reduced their stakes in the stock. DAVENPORT & Co LLC boosted its position in shares of Generac by 831.1% during the first quarter. DAVENPORT & Co LLC now owns 240,111 shares of the technology company’s stock worth $30,288,000 after buying an additional 214,322 shares during the period. Willis Investment Counsel boosted its holdings in Generac by 18.7% during the 3rd quarter. Willis Investment Counsel now owns 105,007 shares of the technology company’s stock valued at $16,684,000 after acquiring an additional 16,541 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Generac by 85.9% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,021 shares of the technology company’s stock worth $928,000 after purchasing an additional 3,244 shares during the period. Epoch Investment Partners Inc. acquired a new stake in shares of Generac during the first quarter worth about $1,053,000. Finally, Nwam LLC boosted its stake in shares of Generac by 135.8% in the first quarter. Nwam LLC now owns 5,629 shares of the technology company’s stock valued at $768,000 after purchasing an additional 3,242 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

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.