Generac (NYSE:GNRC) Given New $145.00 Price Target at Oppenheimer

Generac (NYSE:GNRC) had its price target upped by Oppenheimer from $140.00 to $145.00 in a research note released on Thursday, Benzinga reports. Oppenheimer currently has an outperform rating on the technology company’s stock.

A number of other brokerages have also recently weighed in on GNRC. Robert W. Baird lifted their price target 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. Canaccord Genuity Group upped 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. Roth Mkm raised their price objective on Generac from $120.00 to $135.00 and gave the company a neutral rating in a research report on Tuesday, April 23rd. TD Cowen decreased their target price on Generac from $165.00 to $144.00 and set an outperform rating for the company in a research report on Thursday, February 15th. Finally, Citigroup raised their target price on Generac from $124.00 to $128.00 and gave the company a neutral rating in a report on Monday, February 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Generac currently has a consensus rating of Moderate Buy and a consensus target price of $142.40.

Generac Trading Up 3.7 %

Shares of GNRC stock traded up $4.72 on Thursday, reaching $133.38. 1,315,710 shares of the stock were exchanged, compared to its average volume of 1,356,062. Generac has a 1-year low of $79.86 and a 1-year high of $156.95. The stock has a market cap of $8.06 billion, a P/E ratio of 36.74, a price-to-earnings-growth ratio of 1.76 and a beta of 1.41. The company has a quick ratio of 0.94, a current ratio of 2.29 and a debt-to-equity ratio of 0.61. The firm has a 50 day moving average of $124.48 and a two-hundred day moving average of $118.08.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.16. Generac had a return on equity of 14.68% and a net margin of 5.68%. The company had revenue of $889.27 million for the quarter, compared to the consensus estimate of $886.60 million. During the same period last year, the business posted $0.63 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. On average, research analysts anticipate that Generac will post 6.09 EPS for the current year.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $139.95, for a total transaction of $699,750.00. Following the sale, the chief executive officer now directly owns 587,177 shares of the company’s stock, valued at approximately $82,175,421.15. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Generac

Several institutional investors and hedge funds have recently bought and sold shares of the business. Stevens Capital Management LP acquired a new stake in shares of Generac during the 4th quarter worth approximately $916,000. Duality Advisers LP bought a new stake in Generac in the fourth quarter valued at $964,000. Ninety One UK Ltd boosted its holdings in shares of Generac by 13.4% during the fourth quarter. Ninety One UK Ltd now owns 476,897 shares of the technology company’s stock valued at $61,634,000 after acquiring an additional 56,169 shares during the period. State of Alaska Department of Revenue grew its position in shares of Generac by 273.7% during the fourth quarter. State of Alaska Department of Revenue now owns 27,636 shares of the technology company’s stock worth $3,571,000 after acquiring an additional 20,240 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in shares of Generac by 13.3% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 83,646 shares of the technology company’s stock worth $10,810,000 after acquiring an additional 9,849 shares during the period. 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.