Roth Capital started coverage on shares of Generac (NYSE:GNRC) in a research note issued to investors on Tuesday, The Fly reports. The firm set a “buy” rating on the technology company’s stock.

Several other brokerages also recently commented on GNRC. Bank of America reduced their target price on Generac from $125.00 to $105.00 and set a “neutral” rating for the company in a research note on Monday, March 23rd. Northcoast Research cut Generac from a “buy” rating to a “neutral” rating in a research note on Friday, May 29th. UBS Group began coverage on Generac in a research report on Thursday, June 25th. They set a “buy” rating and a $145.00 target price on the stock. Zacks Investment Research raised shares of Generac from a “sell” rating to a “hold” rating in a research report on Monday, June 8th. Finally, William Blair upgraded shares of Generac from a “market perform” rating to an “outperform” rating in a research note on Friday, March 27th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $116.44.

NYSE GNRC opened at $118.88 on Tuesday. The firm has a market capitalization of $7.38 billion, a PE ratio of 29.73, a price-to-earnings-growth ratio of 4.26 and a beta of 0.92. The business’s 50-day moving average price is $111.31 and its two-hundred day moving average price is $103.59. The company has a current ratio of 2.50, a quick ratio of 1.34 and a debt-to-equity ratio of 0.97. Generac has a 12 month low of $68.23 and a 12 month high of $123.19.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Thursday, April 30th. The technology company reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.13. The company had revenue of $475.90 million during the quarter, compared to analysts’ expectations of $473.87 million. Generac had a net margin of 11.39% and a return on equity of 32.73%. Generac’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.91 earnings per share. As a group, analysts forecast that Generac will post 4.25 earnings per share for the current fiscal year.

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $95.50, for a total value of $477,500.00. Following the completion of the transaction, the chief executive officer now directly owns 683,540 shares in the company, valued at approximately $65,278,070. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Erik Wilde sold 10,092 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $117.07, for a total transaction of $1,181,470.44. Following the sale, the executive vice president now directly owns 15,649 shares in the company, valued at approximately $1,832,028.43. The disclosure for this sale can be found here. Insiders sold a total of 58,978 shares of company stock worth $6,001,485 over the last 90 days. 2.90% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. State Street Corp boosted its holdings in shares of Generac by 52.0% in the 1st quarter. State Street Corp now owns 1,956,386 shares of the technology company’s stock worth $182,276,000 after purchasing an additional 668,981 shares in the last quarter. New Mexico Educational Retirement Board purchased a new stake in Generac in the first quarter worth approximately $1,388,000. Guggenheim Capital LLC bought a new position in Generac during the first quarter valued at approximately $1,116,000. The Manufacturers Life Insurance Company raised its stake in shares of Generac by 258.9% during the first quarter. The Manufacturers Life Insurance Company now owns 124,997 shares of the technology company’s stock worth $11,646,000 after acquiring an additional 90,172 shares in the last quarter. Finally, FDx Advisors Inc. bought a new stake in shares of Generac in the 1st quarter worth approximately $161,000. Institutional investors and hedge funds own 98.28% of the company’s stock.

About Generac

Generac Holdings Inc designs, manufactures, and sells power generation equipment and other power products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.

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Analyst Recommendations for Generac (NYSE:GNRC)

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