Generac (NYSE:GNRC) Given New $135.00 Price Target at Roth Mkm

Generac (NYSE:GNRC) had its price objective boosted by Roth Mkm from $120.00 to $135.00 in a research note released on Tuesday morning, Benzinga reports. The brokerage currently has a neutral rating on the technology company’s stock.

Several other brokerages have also weighed in on GNRC. OTR Global raised Generac from a mixed rating to a positive rating in a research report on Tuesday, April 2nd. TD Cowen dropped their target price on Generac from $165.00 to $144.00 and set an outperform rating on the stock in a research report on Thursday, February 15th. Robert W. Baird increased their target price on Generac from $112.00 to $129.00 and gave the stock a neutral rating in a research report on Thursday, February 15th. Guggenheim lowered Generac from a buy rating to a neutral rating in a research report on Thursday, February 15th. Finally, Citigroup increased their target price on Generac from $124.00 to $128.00 and gave the stock a neutral rating in a research report on Monday, February 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $141.65.

Generac Stock Performance

GNRC stock opened at $136.10 on Tuesday. The company has a current ratio of 2.27, a quick ratio of 0.94 and a debt-to-equity ratio of 0.62. The firm has a market cap of $8.20 billion, a P/E ratio of 41.37, a P/E/G ratio of 1.79 and a beta of 1.45. Generac has a 12-month low of $79.86 and a 12-month high of $156.95. The stock’s 50 day simple moving average is $121.53 and its 200 day simple moving average is $116.52.

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). The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.09 billion. Generac had a net margin of 5.33% and a return on equity of 14.15%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.78 earnings per share. As a group, equities research analysts predict that Generac will post 6.3 EPS for the current year.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $115.22, for a total transaction of $576,100.00. Following the completion of the transaction, the chief executive officer now owns 577,690 shares of the company’s stock, valued at $66,561,441.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Generac

A number of hedge funds and other institutional investors have recently modified their holdings of GNRC. ICA Group Wealth Management LLC acquired a new position in shares of Generac in the 4th quarter valued at $27,000. Headlands Technologies LLC acquired a new position in shares of Generac in the 3rd quarter valued at $28,000. BKM Wealth Management LLC acquired a new position in shares of Generac in the 4th quarter valued at $28,000. ORG Partners LLC acquired a new position in shares of Generac in the 4th quarter valued at $38,000. Finally, Quarry LP boosted its position 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 purchasing an additional 202 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.