Generac (NYSE:GNRC) PT Raised to $172.00 at Citigroup

Generac (NYSE:GNRC) had its target price raised by Citigroup from $128.00 to $172.00 in a report released on Tuesday morning, Benzinga reports. Citigroup currently has a neutral rating on the technology company’s stock.

Several other equities analysts have also recently commented on the stock. Stephens reissued an “overweight” rating and set a $200.00 target price on shares of Generac in a research report on Monday, August 5th. Stifel Nicolaus reissued a “buy” rating and issued a $175.00 price objective (up previously from $145.00) on shares of Generac in a research report on Thursday, August 1st. Wells Fargo & Company upped their price objective on Generac from $139.00 to $156.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. The Goldman Sachs Group lifted their target price on Generac from $129.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Scotiabank increased their price target on shares of Generac from $147.00 to $160.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $165.40.

Generac Stock Down 0.1 %

GNRC stock opened at $166.03 on Tuesday. The stock’s 50 day moving average is $155.61 and its 200-day moving average is $146.88. Generac has a twelve month low of $79.86 and a twelve month high of $176.14. The firm has a market capitalization of $10.06 billion, a PE ratio of 45.74, a P/E/G ratio of 2.22 and a beta of 1.38. The company has a quick ratio of 0.99, a current ratio of 2.25 and a debt-to-equity ratio of 0.61.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, July 31st. The technology company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.15. Generac had a net margin of 6.03% and a return on equity of 15.35%. The firm had revenue of $998.20 million during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the prior year, the business posted $1.08 EPS. The business’s revenue was down .2% compared to the same quarter last year. Sell-side analysts expect that Generac will post 6.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total transaction of $794,650.00. Following the completion of the transaction, the chief executive officer now owns 562,177 shares in the company, valued at $89,346,790.61. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.80% of the company’s stock.

Institutional Trading of Generac

Institutional investors have recently bought and sold shares of the stock. Capital World Investors raised its position in Generac by 2.1% in the 1st quarter. Capital World Investors now owns 1,230,434 shares of the technology company’s stock worth $155,207,000 after purchasing an additional 25,646 shares during the period. William Blair Investment Management LLC purchased a new stake in shares of Generac in the second quarter worth approximately $98,282,000. Dimensional Fund Advisors LP raised its holdings in shares of Generac by 5.2% in the second quarter. Dimensional Fund Advisors LP now owns 702,811 shares of the technology company’s stock worth $92,941,000 after buying an additional 35,026 shares during the period. Ninety One UK Ltd boosted its holdings in Generac by 0.7% during the 2nd quarter. Ninety One UK Ltd now owns 519,741 shares of the technology company’s stock valued at $68,720,000 after acquiring an additional 3,849 shares during the period. Finally, Blair William & Co. IL grew its position in Generac by 29.2% in the 2nd quarter. Blair William & Co. IL now owns 457,475 shares of the technology company’s stock valued at $60,487,000 after acquiring an additional 103,439 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors.

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.