Generac (NYSE:GNRC) Price Target Lowered to $165.00 at Wells Fargo & Company

Generac (NYSE:GNRC) had its target price lowered by Wells Fargo & Company from $175.00 to $165.00 in a report issued on Thursday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the technology company’s stock.

Several other equities research analysts have also weighed in on GNRC. UBS Group raised their price objective on Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday. Piper Sandler reduced their target price on Generac from $200.00 to $185.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Citigroup reduced their target price on Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. JPMorgan Chase & Co. increased their target price on Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Finally, Stifel Nicolaus reduced their target price on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $174.00.

Generac Stock Performance

GNRC opened at $146.68 on Thursday. The firm has a market cap of $8.73 billion, a PE ratio of 30.43, a P/E/G ratio of 1.44 and a beta of 1.42. 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 business has a fifty day simple moving average of $157.62 and a 200-day simple moving average of $160.69. Generac has a fifty-two week low of $108.89 and a fifty-two week high of $195.94.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, topping the consensus estimate 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 analysts predict that Generac will post 6.91 EPS for the current fiscal year.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the transaction, the chief executive officer now directly owns 565,825 shares of the company’s stock, valued at $82,129,498.75. This represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Generac

Hedge funds have recently bought and sold shares of the business. Hurley Capital LLC acquired a new position in Generac during the fourth quarter worth $26,000. Modus Advisors LLC acquired a new position in Generac during the fourth quarter worth $27,000. Cranbrook Wealth Management LLC acquired a new position in Generac during the fourth quarter worth $28,000. Versant Capital Management Inc increased its position in Generac by 391.9% during the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock worth $28,000 after buying an additional 145 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of Generac in the third quarter valued at about $31,000. 84.04% of the stock is owned by institutional investors and hedge funds.

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.