Generac (NYSE:GNRC) Given New $200.00 Price Target at Stifel Nicolaus

Generac (NYSE:GNRC) had its price target cut by analysts at Stifel Nicolaus from $210.00 to $200.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 33.40% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Roth Mkm upped their price objective on Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Truist Financial lowered their price objective on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Barclays began coverage on Generac in a report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 target price for the company. 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 report on Friday, November 1st. Finally, TD Cowen raised their price objective on Generac from $172.00 to $183.00 and gave the company a “buy” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $175.30.

Generac Price Performance

Shares of GNRC stock traded down $2.53 during trading hours on Thursday, hitting $149.92. The company had a trading volume of 100,072 shares, compared to its average volume of 827,327. The firm has a market capitalization of $8.92 billion, a price-to-earnings ratio of 31.10, a PEG 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. The firm’s fifty day moving average is $157.62 and its 200 day moving average is $160.69. 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 (NYSE:GNRC) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, topping 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%. On average, sell-side analysts predict that Generac will post 6.91 EPS 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 Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the sale, the chief executive officer now directly owns 565,825 shares in the company, valued at approximately $82,129,498.75. The trade was a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Generac by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 6,795,550 shares of the technology company’s stock valued at $1,053,650,000 after acquiring an additional 47,450 shares during the last quarter. Boston Partners increased its stake in Generac by 39.0% in the fourth quarter. Boston Partners now owns 1,903,297 shares of the technology company’s stock valued at $295,123,000 after acquiring an additional 533,612 shares during the last quarter. Geode Capital Management LLC increased its stake in Generac by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 1,441,772 shares of the technology company’s stock valued at $223,293,000 after acquiring an additional 14,844 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Generac by 81.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company’s stock valued at $161,684,000 after acquiring an additional 469,575 shares during the last quarter. Finally, Jennison Associates LLC increased its stake in Generac by 133.6% in the fourth quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock valued at $104,227,000 after acquiring an additional 384,434 shares during the last quarter. 84.04% of the stock is owned by 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.