Robert W. Baird Issues Pessimistic Forecast for Generac (NYSE:GNRC) Stock Price

Generac (NYSE:GNRC - Free Report) had its price objective lowered by Robert W. Baird from $172.00 to $171.00 in a research report report published on Thursday,Benzinga reports. The firm currently has a neutral rating on the technology company's stock.

GNRC has been the subject of several other reports. Barclays started coverage on shares of Generac in a research note on Wednesday, December 4th. They issued an "equal weight" rating and a $189.00 target price for the company. Piper Sandler decreased their price objective on shares of Generac from $200.00 to $185.00 and set an "overweight" rating for the company in a research report on Friday, February 7th. StockNews.com raised shares of Generac from a "hold" rating to a "buy" rating in a report on Monday, October 28th. Truist Financial reduced their price target on Generac from $210.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Finally, Stifel Nicolaus upped their price objective on Generac from $185.00 to $210.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. One 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 company. According to MarketBeat.com, Generac currently has an average rating of "Moderate Buy" and an average target price of $174.00.

Generac Stock Down 0.0 %

NYSE:GNRC traded down $0.03 on Thursday, hitting $146.80. 1,028,876 shares of the company's stock were exchanged, compared to its average volume of 743,531. The firm has a 50-day moving average price of $156.31 and a 200-day moving average price of $160.61. Generac has a 52 week low of $108.89 and a 52 week high of $195.94. 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 company has a market cap of $8.73 billion, a P/E ratio of 30.46, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42.

Generac (NYSE:GNRC - Get Free Report) last released its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.31. Generac had a return on equity of 16.70% and a net margin of 7.17%. As a group, analysts expect that Generac will post 6.91 EPS for the current fiscal year.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the transaction, the chief executive officer now directly owns 565,825 shares of the company's stock, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.90% of the company's stock.

Institutional Trading of Generac

Several large investors have recently made changes to their positions in GNRC. Vanguard Group Inc. raised its position in Generac by 0.7% during 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 purchasing an additional 47,450 shares in the last quarter. Boston Partners raised its holdings in shares of Generac by 39.0% during the 4th quarter. Boston Partners now owns 1,903,297 shares of the technology company's stock worth $295,123,000 after buying an additional 533,612 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Generac by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 1,441,772 shares of the technology company's stock worth $223,293,000 after buying an additional 14,844 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted 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 buying an additional 469,575 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Generac by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 728,539 shares of the technology company's stock valued at $112,961,000 after acquiring an additional 16,954 shares during the last quarter. Institutional investors and hedge funds 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.