Citigroup upgraded shares of Generac (NYSE:GNRC - Free Report) from a neutral rating to a buy rating in a research report released on Thursday morning, MarketBeat.com reports. Citigroup currently has $138.00 price objective on the technology company's stock, down from their previous price objective of $162.00.
Other analysts also recently issued reports about the stock. UBS Group boosted their price target on shares of Generac from $200.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Robert W. Baird lowered their price target on Generac from $172.00 to $171.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Piper Sandler cut their price objective on Generac from $185.00 to $175.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Wells Fargo & Company lowered their price objective on shares of Generac from $175.00 to $165.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 13th. Finally, Bank of America initiated coverage on shares of Generac in a research report on Monday, March 24th. They issued a "buy" rating and a $182.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $173.40.
View Our Latest Stock Analysis on GNRC
Generac Stock Performance
NYSE GNRC traded up $3.64 on Thursday, hitting $110.22. The stock had a trading volume of 277,657 shares, compared to its average volume of 885,067. 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 company's 50-day moving average is $127.35 and its two-hundred day moving average is $153.16. The stock has a market cap of $6.57 billion, a price-to-earnings ratio of 20.43, a P/E/G ratio of 1.44 and a beta of 1.58. Generac has a one year low of $99.50 and a one year high of $195.94.
Generac (NYSE:GNRC - Get Free Report) last announced its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. On average, analysts expect that Generac will post 8 earnings per share for the current year.
Insider Activity at Generac
In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the transaction, the chief executive officer now directly owns 565,825 shares in the company, valued at approximately $82,129,498.75. This represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.90% of the company's stock.
Hedge Funds Weigh In On Generac
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Hurley Capital LLC acquired a new stake in Generac in the fourth quarter worth about $26,000. Modus Advisors LLC bought a new position in Generac in the fourth quarter valued at approximately $27,000. Versant Capital Management Inc grew its holdings in Generac by 391.9% during the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company's stock worth $28,000 after acquiring an additional 145 shares during the period. Cranbrook Wealth Management LLC bought a new position in shares of Generac in the 4th quarter worth $28,000. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of Generac during the fourth quarter worth $31,000. 84.04% of the stock is owned by institutional investors.
About Generac
(
Get Free Report)
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.
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