Generac (NYSE:GNRC) Price Target Raised to $205.00 at UBS Group

Generac (NYSE:GNRC) had its price target boosted by UBS Group from $200.00 to $205.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. UBS Group’s target price would indicate a potential upside of 36.74% from the stock’s previous close.

GNRC has been the topic of several other reports. JPMorgan Chase & Co. increased their target price on shares of Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. TD Cowen upped their target price on Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Piper Sandler dropped their price target on shares of Generac from $200.00 to $185.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. StockNews.com upgraded shares of Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Finally, Stifel Nicolaus decreased their price objective on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $175.30.

Generac Stock Performance

Shares of GNRC stock traded down $2.53 on Thursday, hitting $149.92. The company had a trading volume of 87,400 shares, compared to its average volume of 827,327. The firm has a market cap of $8.92 billion, a P/E ratio of 31.23, a price-to-earnings-growth 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 50-day moving average price of $157.62 and a 200-day moving average price of $160.69. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56.

Generac (NYSE:GNRC) last announced 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 return on equity of 16.70% and a net margin of 7.17%. As a group, equities research analysts predict that Generac will post 6.91 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total transaction of $787,500.00. Following the sale, the chief executive officer now owns 570,825 shares of the company’s stock, valued at approximately $89,904,937.50. The trade was a 0.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Generac

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GNRC. Federated Hermes Inc. lifted its stake in shares of Generac by 37.7% in the 4th quarter. Federated Hermes Inc. now owns 303,468 shares of the technology company’s stock valued at $47,053,000 after purchasing an additional 83,035 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Generac by 61.7% in the fourth quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company’s stock valued at $35,000 after buying an additional 87 shares during the last quarter. Hurley Capital LLC purchased a new position in Generac during the fourth quarter worth about $26,000. Wedbush Securities Inc. increased its position in shares of Generac by 3.9% during the fourth quarter. Wedbush Securities Inc. now owns 2,235 shares of the technology company’s stock valued at $347,000 after acquiring an additional 84 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Generac by 1.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 542,197 shares of the technology company’s stock valued at $84,068,000 after acquiring an additional 6,933 shares during the period. Institutional investors and hedge funds 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.