Roth Mkm Raises Generac (NYSE:GNRC) Price Target to $135.00

Generac (NYSE:GNRC) had its price target increased by Roth Mkm from $120.00 to $135.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have a neutral rating on the technology company’s stock.

Other equities research analysts also recently issued reports about the stock. Canaccord Genuity Group boosted their price target on shares of Generac from $140.00 to $150.00 and gave the company a buy rating in a research note on Friday, April 5th. UBS Group cut their target price on shares of Generac from $160.00 to $150.00 and set a buy rating on the stock in a research note on Thursday, February 15th. Guggenheim downgraded shares of Generac from a buy rating to a neutral rating in a research note on Thursday, February 15th. TD Cowen cut their target price on shares of Generac from $165.00 to $144.00 and set an outperform rating on the stock in a research note on Thursday, February 15th. Finally, Canaccord Genuity Group upped their target price on shares of Generac from $140.00 to $150.00 and gave the stock a buy rating in a research note on Friday, April 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Generac has an average rating of Moderate Buy and a consensus price target of $141.65.

Generac Price Performance

Generac stock opened at $140.10 on Tuesday. The company’s 50 day simple moving average is $122.62 and its 200-day simple moving average is $117.07. The company has a market capitalization of $8.44 billion, a price-to-earnings ratio of 42.58, a price-to-earnings-growth ratio of 1.81 and a beta of 1.45. Generac has a 1 year low of $79.86 and a 1 year high of $156.95. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 2.27.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, February 14th. The technology company reported $2.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.02). The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Generac had a net margin of 5.33% and a return on equity of 14.15%. Generac’s revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm posted $1.78 earnings per share. As a group, equities research analysts expect that Generac will post 6.3 earnings per share for the current year.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $115.22, for a total value of $576,100.00. Following the completion of the transaction, the chief executive officer now owns 577,690 shares in the company, valued at approximately $66,561,441.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.80% of the company’s stock.

Institutional Trading of Generac

A number of large investors have recently bought and sold shares of GNRC. Capital World Investors acquired a new stake in Generac during the 4th quarter worth $155,707,000. Norges Bank acquired a new stake in Generac during the 4th quarter worth $67,253,000. Wellington Management Group LLP boosted its stake in Generac by 432.9% during the 4th quarter. Wellington Management Group LLP now owns 392,270 shares of the technology company’s stock worth $50,697,000 after purchasing an additional 318,664 shares during the period. Mackenzie Financial Corp raised its position in Generac by 13,944.2% during the 3rd quarter. Mackenzie Financial Corp now owns 297,456 shares of the technology company’s stock worth $30,683,000 after buying an additional 295,338 shares during the last quarter. Finally, Ariel Investments LLC raised its position in Generac by 14.9% during the 3rd quarter. Ariel Investments LLC now owns 2,010,344 shares of the technology company’s stock worth $219,047,000 after buying an additional 261,050 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.