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

Generac (NYSE:GNRC) had its target price upped 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.

Several other research firms have also commented on GNRC. Canaccord Genuity Group upped their price target on shares of Generac from $140.00 to $150.00 and gave the stock a buy rating in a research report on Friday, April 5th. Robert W. Baird upped their price target on shares of Generac from $112.00 to $129.00 and gave the stock a neutral rating in a research report on Thursday, February 15th. UBS Group decreased their target price on shares of Generac from $160.00 to $150.00 and set a buy rating for the company in a research report on Thursday, February 15th. Guggenheim lowered shares of Generac from a buy rating to a neutral rating in a research report on Thursday, February 15th. Finally, Citigroup increased their target price on shares of Generac from $124.00 to $128.00 and gave the company a neutral rating in a research report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $141.65.

Generac Stock Up 0.9 %

GNRC stock opened at $140.10 on Tuesday. The firm has a fifty day moving average price of $122.62 and a two-hundred day moving average price of $117.07. The firm has a market cap of $8.44 billion, a price-to-earnings ratio of 42.58, a PEG ratio of 1.81 and a beta of 1.45. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.27 and a quick ratio of 0.94. Generac has a 1-year low of $79.86 and a 1-year high of $156.95.

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

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $126.94, for a total transaction of $634,700.00. Following the completion of the sale, the chief executive officer now directly owns 592,177 shares of the company’s stock, valued at $75,170,948.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.80% of the company’s stock.

Institutional Trading of Generac

A number of hedge funds have recently made changes to their positions in the stock. Conestoga Capital Advisors LLC lifted its position in shares of Generac by 59.7% in the first quarter. Conestoga Capital Advisors LLC now owns 131,162 shares of the technology company’s stock worth $16,545,000 after purchasing an additional 49,010 shares in the last quarter. Yousif Capital Management LLC lifted its position in shares of Generac by 5.4% in the first quarter. Yousif Capital Management LLC now owns 8,952 shares of the technology company’s stock worth $1,129,000 after purchasing an additional 460 shares in the last quarter. Peregrine Capital Management LLC lifted its position in shares of Generac by 27.6% in the first quarter. Peregrine Capital Management LLC now owns 63,798 shares of the technology company’s stock worth $8,047,000 after purchasing an additional 13,814 shares in the last quarter. Pine Haven Investment Counsel Inc lifted its position in shares of Generac by 15.5% in the first quarter. Pine Haven Investment Counsel Inc now owns 2,046 shares of the technology company’s stock worth $258,000 after purchasing an additional 275 shares in the last quarter. Finally, Tritonpoint Wealth LLC increased its holdings in Generac by 10.1% in the first quarter. Tritonpoint Wealth LLC now owns 13,972 shares of the technology company’s stock worth $1,762,000 after buying an additional 1,285 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

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.