Generac (NYSE:GNRC) Price Target Cut to $171.00 by Analysts at Robert W. Baird

Generac (NYSE:GNRC) had its price target lowered by investment analysts at Robert W. Baird from $172.00 to $171.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. Robert W. Baird’s price objective indicates a potential upside of 16.48% from the stock’s current price.

A number of other research analysts have also recently weighed in on the company. Barclays began coverage on Generac in a research report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price target for the company. The Goldman Sachs Group raised their target price on shares of Generac from $148.00 to $193.00 and gave the company a “buy” rating in a report on Friday, November 1st. TD Cowen upped their price target on shares of Generac from $172.00 to $183.00 and gave the company a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. raised their price objective 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. Finally, Roth Mkm upped their target price on Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Generac presently has a consensus rating of “Moderate Buy” and an average price target of $174.00.

Generac Stock Down 0.0 %

GNRC stock opened at $146.80 on Thursday. Generac has a 52 week low of $108.89 and a 52 week high of $195.94. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. The company has a market cap of $8.73 billion, a P/E ratio of 30.46, a P/E/G ratio of 1.44 and a beta of 1.42. The company’s 50-day moving average price is $156.31 and its 200 day moving average price is $160.54.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share 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, research analysts expect that Generac will post 6.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total transaction of $787,500.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Generac

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlueCrest Capital Management Ltd acquired a new stake in Generac during the 4th quarter worth approximately $313,000. Kapitalo Investimentos Ltda purchased a new stake in Generac during the fourth quarter worth approximately $102,000. Schonfeld Strategic Advisors LLC increased its position in shares of Generac by 17.0% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 28,727 shares of the technology company’s stock worth $4,454,000 after acquiring an additional 4,184 shares in the last quarter. Lido Advisors LLC raised its stake in shares of Generac by 16.2% in the 4th quarter. Lido Advisors LLC now owns 3,667 shares of the technology company’s stock valued at $569,000 after acquiring an additional 512 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Generac by 8.8% during the 4th quarter. Northern Trust Corp now owns 561,791 shares of the technology company’s stock valued at $87,106,000 after acquiring an additional 45,467 shares in the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

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.