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

Generac (NYSE:GNRC) had its target price boosted by UBS Group from $200.00 to $205.00 in a research note issued to investors on Thursday morning,Benzinga reports. UBS Group currently has a buy rating on the technology company’s stock.

GNRC has been the subject of a number of other research reports. StockNews.com upgraded shares of Generac from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. Stifel Nicolaus decreased their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday. Roth Mkm increased their price target on shares of Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Citigroup decreased their price target on shares of Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Finally, Truist Financial decreased their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $174.00.

Generac Trading Down 3.8 %

NYSE GNRC opened at $146.68 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. The firm’s fifty day moving average price is $157.62 and its 200 day moving average price is $160.69. The company has a market capitalization of $8.73 billion, a price-to-earnings ratio of 30.43, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42. Generac has a 12 month low of $108.89 and a 12 month high of $195.94.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, February 12th. The technology company reported $2.80 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%. On average, sell-side analysts expect 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 the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total value of $787,500.00. Following the completion of the transaction, the chief executive officer now owns 570,825 shares in the company, valued at $89,904,937.50. This trade represents a 0.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Generac

A number of large investors have recently made changes to their positions in GNRC. Exchange Traded Concepts LLC purchased a new position in shares of Generac in the 3rd quarter valued at about $114,000. Rheos Capital Works Inc. purchased a new position in shares of Generac in the 3rd quarter valued at about $4,766,000. Cornerstone Wealth Management LLC purchased a new position in shares of Generac in the 3rd quarter valued at about $227,000. Optimum Investment Advisors purchased a new position in Generac during the 3rd quarter valued at about $99,000. Finally, Blue Trust Inc. increased its holdings in Generac by 73.5% during the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock valued at $36,000 after acquiring an additional 97 shares in the last quarter. Hedge funds and other institutional investors 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.