Generac (NYSE:GNRC) Price Target Increased to $135.00 by Analysts at Roth Mkm

Generac (NYSE:GNRC) had its target price increased by stock analysts at Roth Mkm from $120.00 to $135.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. Roth Mkm’s price target would suggest a potential downside of 0.87% from the company’s current price.

Several other analysts have also issued reports on GNRC. UBS Group dropped their price target on shares of Generac from $160.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. Robert W. Baird increased their price objective on shares of Generac from $112.00 to $129.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Citigroup raised their price target on shares of Generac from $124.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. TD Cowen lowered their price target on shares of Generac from $165.00 to $144.00 and set an “outperform” rating on the stock in a research report on Thursday, February 15th. Finally, Canaccord Genuity Group raised their price target on shares of Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, Generac has an average rating of “Moderate Buy” and an average price target of $141.65.

Generac Stock Performance

NYSE GNRC traded up $2.06 on Tuesday, hitting $136.18. 680,307 shares of the stock were exchanged, compared to its average volume of 1,035,142. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.27 and a quick ratio of 0.94. The business’s fifty day moving average is $121.29 and its 200 day moving average is $116.28. Generac has a 52 week low of $79.86 and a 52 week high of $156.95. The company has a market capitalization of $8.21 billion, a PE ratio of 41.59, a P/E/G ratio of 1.79 and a beta of 1.45.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, February 14th. The technology company reported $2.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.09 by ($0.02). Generac had a return on equity of 14.15% and a net margin of 5.33%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the company posted $1.78 earnings per share. The business’s revenue was up 1.4% compared to the same quarter last year. Research analysts anticipate that Generac will post 6.3 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $126.94, for a total transaction of $634,700.00. Following the sale, the chief executive officer now directly owns 592,177 shares in the company, valued at approximately $75,170,948.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC bought a new position in Generac during the 4th quarter worth approximately $27,000. BKM Wealth Management LLC bought a new position in Generac during the 4th quarter worth approximately $28,000. Headlands Technologies LLC bought a new position in Generac during the 3rd quarter worth approximately $28,000. ORG Partners LLC bought a new stake in shares of Generac in the 4th quarter valued at $38,000. Finally, Quarry LP increased its stake in shares of Generac by 219.6% in the 4th quarter. Quarry LP now owns 294 shares of the technology company’s stock valued at $38,000 after acquiring an additional 202 shares in the last quarter. 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.