Generac (NYSE:GNRC) Price Target Lowered to $200.00 at Stifel Nicolaus

Generac (NYSE:GNRC) had its price objective lowered by Stifel Nicolaus from $210.00 to $200.00 in a research report sent to investors on Thursday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the technology company’s stock.

A number of other research firms also recently issued reports on GNRC. 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 report on Friday, November 1st. StockNews.com raised Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Roth Mkm increased their price target on Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Robert W. Baird dropped their price target on Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, JPMorgan Chase & Co. increased their price target on Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.00.

Generac Stock Performance

GNRC stock opened at $146.68 on Thursday. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The business’s fifty day simple moving average is $157.62 and its two-hundred day simple moving average is $160.69. 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 price-to-earnings ratio of 30.43, a PEG ratio of 1.44 and a beta of 1.42.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.31. Generac had a return on equity of 16.70% and a net margin of 7.17%. Analysts predict that Generac will post 6.91 earnings per share for the current year.

Insider Transactions at Generac

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. 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. Norges Bank acquired a new stake in shares of Generac during the fourth quarter worth $90,913,000. Boston Partners lifted its stake in shares of Generac by 39.0% during the fourth quarter. Boston Partners now owns 1,903,297 shares of the technology company’s stock worth $295,123,000 after buying an additional 533,612 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Generac by 81.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company’s stock worth $161,684,000 after buying an additional 469,575 shares during the period. Jennison Associates LLC lifted its position in Generac by 133.6% during the fourth quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock valued at $104,227,000 after purchasing an additional 384,434 shares during the period. Finally, Forest Avenue Capital Management LP acquired a new position in Generac during the fourth quarter valued at $49,313,000. 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.