UBS Group Increases Generac (NYSE:GNRC) Price Target to $205.00

Generac (NYSE:GNRC) had its target price lifted by equities researchers at UBS Group from $200.00 to $205.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. UBS Group’s price objective suggests a potential upside of 39.64% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Citigroup reduced their price objective on Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. StockNews.com upgraded Generac from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. TD Cowen upped their price objective on Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. upped their price objective on Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Finally, The Goldman Sachs Group increased their price target on Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Generac has a consensus rating of “Moderate Buy” and a consensus target price of $174.00.

Generac Price Performance

Shares of NYSE GNRC opened at $146.80 on Thursday. Generac has a twelve month low of $108.89 and a twelve month high of $195.94. The firm has a market cap of $8.73 billion, a P/E ratio of 30.46, a PEG ratio of 1.44 and a beta of 1.42. The company has a 50 day moving average of $156.31 and a 200 day moving average of $160.54. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56.

Generac (NYSE:GNRC) last released its quarterly 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 16.70% and a net margin of 7.17%. As a group, research analysts expect that Generac will post 6.91 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the completion of the sale, the chief executive officer now directly owns 565,825 shares in the company, valued at approximately $82,129,498.75. The trade was a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Generac

Several institutional investors and hedge funds have recently made changes to their positions in GNRC. Exchange Traded Concepts LLC acquired a new stake in shares of Generac during the third quarter worth $114,000. Rheos Capital Works Inc. acquired a new position in Generac during the third quarter valued at $4,766,000. Cornerstone Wealth Management LLC acquired a new position in Generac during the third quarter valued at $227,000. Optimum Investment Advisors acquired a new position in Generac during the third quarter valued at $99,000. Finally, Blue Trust Inc. lifted its position in Generac by 73.5% during the third quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock valued at $36,000 after purchasing an additional 97 shares during the period. 84.04% of the stock is currently owned by institutional investors and hedge funds.

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.