Generac (NYSE:GNRC) Price Target Raised to $210.00 at Stifel Nicolaus

Generac (NYSE:GNRC) had its price target upped by Stifel Nicolaus from $185.00 to $210.00 in a research report report published on Tuesday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

GNRC has been the subject of a number of other research reports. Stephens reaffirmed an “overweight” rating and set a $200.00 target price on shares of Generac in a report on Monday, August 5th. Scotiabank boosted their price target on shares of Generac from $147.00 to $160.00 and gave the company a “sector perform” rating in a report on Monday, July 29th. Canaccord Genuity Group boosted their price target on shares of Generac from $177.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Robert W. Baird decreased their price target on shares of Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Finally, Roth Mkm boosted their price target on shares of Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Generac presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.58.

Generac Stock Performance

GNRC stock opened at $189.08 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. The company has a 50 day moving average price of $167.15 and a 200 day moving average price of $153.07. Generac has a fifty-two week low of $108.89 and a fifty-two week high of $195.94. The stock has a market capitalization of $11.25 billion, a PE ratio of 38.31, a price-to-earnings-growth ratio of 2.20 and a beta of 1.37.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the company posted $1.64 EPS. Generac’s revenue was up 9.6% on a year-over-year basis. Analysts forecast that Generac will post 6.8 EPS for the current year.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now owns 562,177 shares of the company’s stock, valued at $89,346,790.61. This represents a 0.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total transaction of $585,069.46. Following the sale, the executive vice president now directly owns 10,738 shares of the company’s stock, valued at $1,971,282.04. The trade was a 22.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,268 shares of company stock valued at $7,584,853 in the last quarter. Insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. UniSuper Management Pty Ltd increased its holdings in shares of Generac by 1,278.9% in the 1st quarter. UniSuper Management Pty Ltd now owns 7,529 shares of the technology company’s stock worth $950,000 after purchasing an additional 6,983 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Generac in the 1st quarter worth about $476,000. Natixis raised its position in Generac by 716.5% in the 1st quarter. Natixis now owns 1,135 shares of the technology company’s stock worth $143,000 after buying an additional 996 shares during the last quarter. EntryPoint Capital LLC lifted its stake in Generac by 73.2% during the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock valued at $27,000 after acquiring an additional 90 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Generac by 4.4% during the 1st quarter. Advisors Asset Management Inc. now owns 7,140 shares of the technology company’s stock valued at $901,000 after acquiring an additional 298 shares during the last quarter. 84.04% of the stock is currently owned by 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.