Generac (NYSE:GNRC) Price Target Lowered to $168.00 at The Goldman Sachs Group

Generac (NYSE:GNRC) had its price objective decreased by The Goldman Sachs Group from $193.00 to $168.00 in a research report released on Thursday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the technology company’s stock.

GNRC has been the subject of a number of other reports. Piper Sandler reduced their price objective on shares of Generac from $185.00 to $175.00 and set an “overweight” rating for the company in a research note on Thursday. Robert W. Baird reduced their price target on shares of Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a research note on Thursday. JPMorgan Chase & Co. lifted their price target 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. Roth Mkm lifted 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. Finally, Truist Financial reduced 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 given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $174.00.

Generac Stock Down 3.8 %

NYSE:GNRC opened at $146.68 on Thursday. The firm has a market cap of $8.73 billion, a P/E ratio of 30.43, a P/E/G ratio of 1.44 and a beta of 1.42. 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 has a fifty-two week low of $108.89 and a fifty-two week high of $195.94. The firm has a 50-day simple moving average of $157.62 and a two-hundred day simple moving average of $160.69.

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, 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%. Analysts predict that Generac will post 6.91 earnings per share for the current fiscal year.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total transaction of $787,500.00. Following the transaction, the chief executive officer now owns 570,825 shares of the company’s stock, valued at $89,904,937.50. The trade was a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Generac

Several large investors have recently added to or reduced their stakes in GNRC. Exchange Traded Concepts LLC purchased a new position in Generac during the third quarter valued at approximately $114,000. Rheos Capital Works Inc. purchased a new position in Generac during the third quarter valued at approximately $4,766,000. Cornerstone Wealth Management LLC purchased a new position in Generac during the third quarter valued at approximately $227,000. Optimum Investment Advisors purchased a new position in shares of Generac in the third quarter worth $99,000. Finally, Blue Trust Inc. lifted its holdings in shares of Generac by 73.5% in the third quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock worth $36,000 after buying 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.