Generac (NYSE:GNRC) Given New $175.00 Price Target at Roth Mkm

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

Other equities research analysts also recently issued research reports about the stock. Truist Financial upped their price objective on shares of Generac from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Northland Securities upped their price target on shares of Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Robert W. Baird upped their price target on shares of Generac from $142.00 to $163.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Stephens reissued an “overweight” rating and issued a $200.00 price target on shares of Generac in a report on Monday, August 5th. Finally, Scotiabank upped 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. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Generac presently has an average rating of “Hold” and an average target price of $165.40.

Generac Stock Performance

GNRC stock opened at $167.44 on Tuesday. The company has a market capitalization of $10.15 billion, a P/E ratio of 46.13, a PEG ratio of 2.22 and a beta of 1.38. The company has a 50-day simple moving average of $154.84 and a 200 day simple moving average of $146.61. Generac has a fifty-two week low of $79.86 and a fifty-two week 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.

Generac (NYSE:GNRC) last posted 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 the consensus estimate of $1 billion. Generac had a net margin of 6.03% and a return on equity of 15.35%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.08 earnings per share. Sell-side analysts predict that Generac will post 6.47 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s 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 transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Generac

A number of large investors have recently made changes to their positions in the business. American International Group Inc. increased its holdings in Generac by 0.6% in the fourth quarter. American International Group Inc. now owns 16,550 shares of the technology company’s stock worth $2,139,000 after buying an additional 93 shares during the last quarter. AHL Investment Management Inc. increased its holdings in Generac by 2.3% in the first quarter. AHL Investment Management Inc. now owns 6,125 shares of the technology company’s stock worth $773,000 after buying an additional 135 shares during the last quarter. GoalVest Advisory LLC acquired a new position in Generac in the first quarter worth approximately $2,082,000. Asio Capital LLC increased its holdings in Generac by 4.9% in the first 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 increased its holdings in 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 buying an additional 3,100 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

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.