Stifel Nicolaus Issues Positive Forecast for Generac (NYSE:GNRC) Stock Price

Generac (NYSE:GNRC) had its price objective raised by Stifel Nicolaus from $185.00 to $210.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

A number of other equities research analysts also recently commented on GNRC. Roth Mkm raised their target price on Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. raised their price objective on shares of Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Northland Securities lifted their price target on shares of Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. TD Cowen upped their price target on Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Stephens restated an “overweight” rating and issued a $200.00 price target on shares of Generac in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $174.05.

Generac Trading Up 1.9 %

NYSE GNRC opened at $183.57 on Tuesday. The firm’s fifty day moving average is $166.29 and its two-hundred day moving average is $152.86. Generac has a one year low of $108.89 and a one year high of $195.94. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03. The firm has a market cap of $10.92 billion, a PE ratio of 38.09, a P/E/G ratio of 2.20 and a beta of 1.37.

Generac (NYSE:GNRC) last released its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. Generac had a return on equity of 16.70% and a net margin of 7.17%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the company posted $1.64 earnings per share. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. Analysts expect that Generac will post 6.8 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $166.60, for a total transaction of $833,000.00. Following the completion of the sale, the chief executive officer now owns 557,177 shares in the company, valued at approximately $92,825,688.20. The trade was a 0.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total transaction of $585,069.46. Following the completion of the transaction, the executive vice president now owns 10,738 shares in the company, valued at $1,971,282.04. The trade was a 22.89 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,268 shares of company stock valued at $7,584,853. Insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Generac

Hedge funds have recently made changes to their positions in the business. EntryPoint Capital LLC raised its holdings in shares of Generac by 73.2% during the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock valued at $27,000 after buying an additional 90 shares during the period. Sunbelt Securities Inc. raised its stake in shares of Generac by 97.1% during the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Brooklyn Investment Group acquired a new position in shares of Generac during the third quarter worth $31,000. SouthState Corp purchased a new position in shares of Generac in the third quarter valued at $32,000. Finally, Capital Advisors Ltd. LLC grew its holdings in Generac by 611.1% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock valued at $34,000 after purchasing an additional 220 shares in the last quarter. Hedge funds and other 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.