Generac (NYSE:GNRC) Given New $171.00 Price Target at Robert W. Baird

Generac (NYSE:GNRC) had its price target decreased by Robert W. Baird from $172.00 to $171.00 in a research report released on Thursday,Benzinga reports. Robert W. Baird currently has a neutral rating on the technology company’s stock.

Several other brokerages have also recently weighed in on GNRC. Citigroup lowered their price target on shares of Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. TD Cowen lifted their price objective on Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, November 1st. The Goldman Sachs Group increased their price target on Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Truist Financial lowered their price target on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Finally, StockNews.com raised Generac from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.00.

Generac Stock Down 3.8 %

GNRC opened at $146.68 on Thursday. The stock has a market capitalization of $8.73 billion, a price-to-earnings ratio of 30.43, a PEG ratio of 1.44 and a beta of 1.42. Generac has a twelve month low of $108.89 and a twelve month high of $195.94. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The firm has a 50 day moving average price of $157.62 and a 200-day moving average price of $160.69.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.31. Generac had a net margin of 7.17% and a return on equity of 16.70%. Equities research analysts forecast that Generac will post 6.91 earnings per share for the current year.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the transaction, the chief executive officer now owns 565,825 shares in the company, valued at $82,129,498.75. This represents a 0.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Generac

A number of institutional investors and hedge funds have recently modified their holdings of GNRC. Hurley Capital LLC purchased a new position in Generac in the 4th quarter worth approximately $26,000. Modus Advisors LLC purchased a new position in shares of Generac during the fourth quarter valued at about $27,000. Versant Capital Management Inc increased its stake in shares of Generac by 391.9% in the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock worth $28,000 after acquiring an additional 145 shares in the last quarter. Cranbrook Wealth Management LLC purchased a new position in shares of Generac in the 4th quarter worth about $28,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Generac during the third quarter valued at $31,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

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.