Robert W. Baird Cuts Generac (NYSE:GNRC) Price Target to $171.00

Generac (NYSE:GNRC) had its price target reduced by Robert W. Baird from $172.00 to $171.00 in a research note published on Thursday,Benzinga reports. They currently have a neutral rating on the technology company’s stock.

Several other brokerages also recently commented on GNRC. Roth Mkm upped their price objective on shares of Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Citigroup reduced their price target on shares of Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. The Goldman Sachs Group boosted their price target on shares of Generac from $148.00 to $193.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Truist Financial reduced their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Finally, StockNews.com upgraded shares of Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Generac currently has an average rating of “Moderate Buy” and an average price target of $174.00.

Generac Stock Performance

Generac stock opened at $146.80 on Thursday. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $8.73 billion, a PE ratio of 30.46, a P/E/G ratio of 1.44 and a beta of 1.42. The firm has a fifty day simple moving average of $156.31 and a two-hundred day simple moving average of $160.57. Generac has a twelve month low of $108.89 and a twelve month high of $195.94.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, beating the consensus estimate of $2.49 by $0.31. Generac had a net margin of 7.17% and a return on equity of 16.70%. Research analysts expect that Generac will post 6.91 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the sale, the chief executive officer now directly owns 565,825 shares of the company’s stock, valued at $82,129,498.75. This represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Generac

Several institutional investors have recently bought and sold shares of GNRC. Hurley Capital LLC purchased a new position in shares of Generac in the 4th quarter worth $26,000. Modus Advisors LLC purchased a new position in shares of Generac in the 4th quarter worth $27,000. Versant Capital Management Inc lifted its holdings in shares of Generac by 391.9% in the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock worth $28,000 after acquiring an additional 145 shares during the last quarter. Cranbrook Wealth Management LLC bought a new stake in shares of Generac in the 4th quarter worth about $28,000. Finally, Brooklyn Investment Group bought a new stake in shares of Generac in the 3rd quarter worth about $31,000. 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.