Robert W. Baird Cuts Generac (NYSE:GNRC) Price Target to $181.00

Generac (NYSE:GNRC) had its price target lowered by equities research analysts at Robert W. Baird from $187.00 to $181.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. Robert W. Baird’s price target suggests a potential upside of 9.32% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. The Goldman Sachs Group lifted their price target on shares of Generac from $129.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Citigroup increased their target price on Generac from $128.00 to $172.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their price target on Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Piper Sandler upped their price objective on shares of Generac from $175.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Finally, TD Cowen upped their price target on Generac from $144.00 to $172.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $166.30.

Generac Trading Up 0.3 %

Shares of GNRC opened at $165.57 on Friday. The stock has a market capitalization of $9.96 billion, a P/E ratio of 42.45, a PEG ratio of 2.12 and a beta of 1.38. Generac has a twelve month low of $81.62 and a twelve month high of $176.14. The company has a quick ratio of 0.99, a current ratio of 2.25 and a debt-to-equity ratio of 0.61. The firm has a fifty day simple moving average of $156.93 and a two-hundred day simple moving average of $147.89.

Generac (NYSE:GNRC) last posted its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.27. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Generac had a net margin of 6.03% and a return on equity of 15.35%. During the same period in the prior year, the business posted $1.64 earnings per share. Generac’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, research analysts anticipate that Generac will post 6.49 EPS for the current year.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total transaction of $794,650.00. Following the completion of the sale, the chief executive officer now directly owns 562,177 shares in the company, valued at approximately $89,346,790.61. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.90% of the company’s stock.

Institutional Trading of Generac

Several hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC grew its stake in shares of Generac by 2.6% during the 1st quarter. Private Advisor Group LLC now owns 13,328 shares of the technology company’s stock valued at $1,681,000 after acquiring an additional 344 shares during the period. Resonant Capital Advisors LLC purchased a new stake in shares of Generac in the first quarter worth $213,000. Mendel Money Management raised its position in shares of Generac by 263.8% during the 1st quarter. Mendel Money Management now owns 2,608 shares of the technology company’s stock valued at $329,000 after purchasing an additional 4,200 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Generac by 22.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 2,022 shares of the technology company’s stock valued at $255,000 after buying an additional 376 shares in the last quarter. Finally, Meridian Management Co. boosted its holdings in Generac by 45.2% in the 1st quarter. Meridian Management Co. now owns 34,644 shares of the technology company’s stock worth $4,370,000 after buying an additional 10,788 shares during the period. Institutional investors own 84.04% of the company’s stock.

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.