Generac (NYSE:GNRC) PT Raised to $172.00

Generac (NYSE:GNRC) had its price objective lifted by research analysts at Citigroup from $128.00 to $172.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. Citigroup’s price objective would indicate a potential upside of 3.52% from the stock’s current price.

A number of other equities research analysts have also weighed in on the stock. StockNews.com lowered shares of Generac from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Piper Sandler upped their target price on Generac from $175.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Scotiabank raised their target price on Generac from $147.00 to $160.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. TD Cowen upped their price target on Generac from $144.00 to $172.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Wells Fargo & Company raised their price objective on Generac from $139.00 to $156.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. One investment 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, Generac has a consensus rating of “Hold” and a consensus price target of $165.40.

Generac Stock Performance

Shares of NYSE:GNRC opened at $166.15 on Tuesday. The company has a current ratio of 2.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.61. The company has a market cap of $10.07 billion, a price-to-earnings ratio of 45.77, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38. Generac has a 12 month low of $79.86 and a 12 month high of $176.14. The company has a 50-day moving average price of $155.27 and a 200-day moving average price of $146.74.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 earnings per share for the quarter, topping the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the business posted $1.08 EPS. As a group, equities analysts anticipate that Generac will post 6.47 EPS for the current year.

Insider Activity

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

Institutional Trading of Generac

A number of institutional investors have recently made changes to their positions in the stock. American International Group Inc. lifted its position in Generac by 0.6% during the fourth quarter. American International Group Inc. now owns 16,550 shares of the technology company’s stock valued at $2,139,000 after purchasing an additional 93 shares during the period. AHL Investment Management Inc. lifted its holdings in shares of Generac by 2.3% during the 1st quarter. AHL Investment Management Inc. now owns 6,125 shares of the technology company’s stock valued at $773,000 after buying an additional 135 shares during the period. GoalVest Advisory LLC bought a new position in shares of Generac during the 1st quarter valued at $2,082,000. Asio Capital LLC boosted its stake in shares of Generac by 4.9% in the 1st quarter. Asio Capital LLC now owns 19,967 shares of the technology company’s stock worth $2,519,000 after buying an additional 926 shares during the last quarter. Finally, Independence Bank of Kentucky grew its holdings in shares of Generac by 12,400.0% in the first quarter. Independence Bank of Kentucky now owns 3,125 shares of the technology company’s stock worth $394,000 after acquiring an additional 3,100 shares during the period. Hedge funds and other institutional investors 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.