Generac (NYSE:GNRC) Given New $181.00 Price Target at Robert W. Baird

Generac (NYSE:GNRC) had its price target cut by Robert W. Baird from $187.00 to $181.00 in a research report report published on Friday, Benzinga reports. They currently have a neutral rating on the technology company’s stock.

Several other research firms have also weighed in on GNRC. Wells Fargo & Company increased their price target on shares of Generac from $139.00 to $156.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $175.00 price target (up previously from $145.00) on shares of Generac in a report on Thursday, August 1st. Northland Securities upped their price target on Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Piper Sandler raised their target price on Generac from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Finally, The Goldman Sachs Group raised their price objective on shares of Generac from $129.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $169.10.

Generac Stock Up 2.0 %

GNRC stock traded up $3.36 during mid-day trading on Friday, reaching $168.91. 1,045,469 shares of the company traded hands, compared to its average volume of 951,695. The stock has a market cap of $10.16 billion, a price-to-earnings ratio of 43.31, a P/E/G ratio of 2.12 and a beta of 1.38. Generac has a fifty-two week low of $98.27 and a fifty-two week high of $176.14. The firm’s 50 day moving average price is $157.17 and its 200 day moving average price is $148.17. The company has a quick ratio of 0.99, a current ratio of 2.25 and a debt-to-equity ratio of 0.61.

Generac (NYSE:GNRC) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Generac had a return on equity of 15.35% and a net margin of 6.03%. Generac’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.64 EPS. As a group, equities research analysts predict that Generac will post 6.49 EPS for the current fiscal year.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total transaction of $794,650.00. Following the sale, the chief executive officer now owns 562,177 shares in the company, valued at $89,346,790.61. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Generac

Several institutional investors have recently modified their holdings of the business. DAVENPORT & Co LLC increased its position in Generac by 831.1% during the first quarter. DAVENPORT & Co LLC now owns 240,111 shares of the technology company’s stock valued at $30,288,000 after acquiring an additional 214,322 shares during the last quarter. Willis Investment Counsel raised its holdings in Generac by 18.7% in the 3rd quarter. Willis Investment Counsel now owns 105,007 shares of the technology company’s stock worth $16,684,000 after purchasing an additional 16,541 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its position in Generac by 85.9% in 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 buying an additional 3,244 shares in the last quarter. Epoch Investment Partners Inc. bought a new position in shares of Generac in the first quarter worth about $1,053,000. Finally, Nwam LLC lifted its position in shares of Generac by 135.8% during the 1st quarter. Nwam LLC now owns 5,629 shares of the technology company’s stock valued at $768,000 after buying an additional 3,242 shares in the last quarter. 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.