Generac (NYSE:GNRC) Research Coverage Started at Bank of America

Bank of America initiated coverage on shares of Generac (NYSE:GNRC) in a research report sent to investors on Monday morning, Marketbeat reports. The brokerage issued a buy rating and a $182.00 target price on the technology company’s stock.

A number of other equities research analysts have also weighed in on GNRC. The Goldman Sachs Group lowered their price target on shares of Generac from $193.00 to $168.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Guggenheim upgraded Generac from a “sell” rating to a “neutral” rating in a research note on Monday, March 17th. Robert W. Baird cut their price target on Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Citigroup reduced their price target on Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Finally, Stifel Nicolaus dropped their price objective on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Ten equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $174.38.

Generac Price Performance

Generac stock opened at $134.02 on Monday. The firm has a fifty day moving average of $141.93 and a 200-day moving average of $157.88. Generac has a 52-week low of $119.11 and a 52-week high of $195.94. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $7.99 billion, a P/E ratio of 24.82, a PEG ratio of 1.44 and a beta of 1.50.

Generac (NYSE:GNRC) last posted its 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 18.17% and a net margin of 7.36%. As a group, analysts predict that Generac will post 8 EPS for the current 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 Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the completion of the transaction, the chief executive officer now directly owns 565,825 shares of the company’s stock, valued at $82,129,498.75. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Generac

Several hedge funds and other institutional investors have recently made changes to their positions in GNRC. Hurley Capital LLC acquired a new stake in Generac in the fourth quarter worth about $26,000. Modus Advisors LLC bought a new stake in shares of Generac during the 4th quarter worth about $27,000. Cranbrook Wealth Management LLC acquired a new stake in shares of Generac in the 4th quarter worth approximately $28,000. Versant Capital Management Inc boosted its holdings in shares of Generac by 391.9% in the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after acquiring an additional 145 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Generac during the third quarter valued at approximately $31,000. 84.04% of the stock is currently 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.