Generac (NYSE:GNRC) Given “Buy” Rating at Stifel Nicolaus

Stifel Nicolaus restated their buy rating on shares of Generac (NYSE:GNRC) in a research note published on Thursday, Benzinga reports. The brokerage currently has a $175.00 price objective on the technology company’s stock, up from their prior price objective of $145.00.

Several other analysts have also weighed in on the company. Guggenheim lowered Generac from a neutral rating to a sell rating and set a $120.00 price objective on the stock. in a report on Thursday, May 30th. Northland Securities boosted their price target on shares of Generac from $160.00 to $180.00 and gave the company an outperform rating in a report on Thursday. Canaccord Genuity Group lifted their target price on shares of Generac from $140.00 to $150.00 and gave the company a buy rating in a research report on Friday, April 5th. TD Cowen increased their price target on shares of Generac from $144.00 to $172.00 and gave the stock a buy rating in a research report on Thursday. Finally, Roth Mkm lifted their price objective on Generac from $135.00 to $160.00 and gave the company a neutral rating in a report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $153.52.

Generac Stock Performance

Generac stock traded up $2.53 on Thursday, reaching $145.40. 729,029 shares of the stock were exchanged, compared to its average volume of 1,005,328. The stock has a market cap of $8.81 billion, a PE ratio of 39.36, a PEG ratio of 1.93 and a beta of 1.37. The firm has a fifty day moving average price of $144.91 and a two-hundred day moving average price of $132.44. Generac has a twelve month low of $79.86 and a twelve month high of $169.57. The company has a current ratio of 2.25, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, July 31st. The technology company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.20 by $0.15. Generac had a return on equity of 15.35% and a net margin of 6.03%. The company had revenue of $998.20 million for the quarter, compared to the consensus estimate of $1 billion. During the same period in the previous year, the business posted $1.08 EPS. The company’s revenue for the quarter was down .2% on a year-over-year basis. Sell-side analysts anticipate that Generac will post 6.3 EPS for the current year.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $133.39, for a total value of $666,950.00. Following the transaction, the chief executive officer now owns 577,177 shares of the company’s stock, valued at approximately $76,989,640.03. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Patrick John Forsythe sold 65,855 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $145.80, for a total value of $9,601,659.00. Following the completion of the sale, the insider now owns 19,815 shares in the company, valued at approximately $2,889,027. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $133.39, for a total value of $666,950.00. Following the transaction, the chief executive officer now owns 577,177 shares in the company, valued at $76,989,640.03. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 75,785 shares of company stock valued at $11,020,661. 2.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Generac

Several institutional investors have recently modified their holdings of the business. Capital World Investors raised its holdings in Generac by 2.1% during the 1st quarter. Capital World Investors now owns 1,230,434 shares of the technology company’s stock worth $155,207,000 after buying an additional 25,646 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Generac by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 665,629 shares of the technology company’s stock worth $86,026,000 after acquiring an additional 15,490 shares during the period. Dimensional Fund Advisors LP increased its holdings in Generac by 23.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 610,100 shares of the technology company’s stock worth $78,854,000 after purchasing an additional 115,728 shares in the last quarter. Norges Bank acquired a new stake in shares of Generac in the 4th quarter valued at about $67,253,000. Finally, Ninety One UK Ltd lifted its holdings in shares of Generac by 0.7% in the second quarter. Ninety One UK Ltd now owns 519,741 shares of the technology company’s stock valued at $68,720,000 after purchasing an additional 3,849 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

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.