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

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

Several other research firms have also recently issued reports on GNRC. The Goldman Sachs Group increased their target price on Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. StockNews.com upgraded Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Stephens reissued an “overweight” rating and set a $200.00 price target on shares of Generac in a research note on Monday, August 5th. Robert W. Baird dropped their price target on Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Finally, Northland Securities increased their price target on Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $174.58.

Generac Stock Up 3.0 %

Generac stock opened at $189.08 on Tuesday. The stock has a market cap 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. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03. Generac has a one year low of $108.89 and a one year high of $195.94. The stock has a fifty day moving average of $167.15 and a 200 day moving average of $153.07.

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

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $166.60, for a total transaction of $833,000.00. Following the completion of the sale, the chief executive officer now directly owns 557,177 shares of the company’s stock, valued at approximately $92,825,688.20. This trade represents a 0.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO York A. Ragen sold 29,081 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $184.73, for a total value of $5,372,133.13. Following the sale, the chief financial officer now directly owns 135,613 shares of the company’s stock, valued at $25,051,789.49. This represents a 17.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 42,268 shares of company stock valued at $7,584,853. Insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. EntryPoint Capital LLC increased its holdings in Generac by 73.2% during the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after purchasing an additional 90 shares during the period. Sunbelt Securities Inc. increased its holdings in shares of Generac by 97.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock valued at $27,000 after acquiring an additional 100 shares during the period. Brooklyn Investment Group purchased a new position in shares of Generac in the 3rd quarter valued at $31,000. SouthState Corp purchased a new position in shares of Generac in the 3rd quarter valued at $32,000. Finally, Capital Advisors Ltd. LLC increased its holdings in shares of Generac by 611.1% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock valued at $34,000 after acquiring an additional 220 shares during the period. 84.04% of the stock is currently owned by hedge funds and other 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.