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

Generac (NYSE:GNRC) had its price target cut by Stifel Nicolaus from $210.00 to $200.00 in a report released on Thursday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Several other research firms have also recently weighed in on GNRC. StockNews.com upgraded shares of Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. The Goldman Sachs Group raised their price objective on shares of Generac from $148.00 to $193.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Citigroup cut their target price on shares of Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. raised 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. Finally, Roth Mkm upped their price objective on Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Generac currently has an average rating of “Moderate Buy” and an average target price of $174.00.

Generac Stock Down 0.0 %

Shares of NYSE:GNRC opened at $146.80 on Thursday. The firm has a fifty day moving average price of $156.31 and a two-hundred day moving average price of $160.57. The company has a market cap of $8.73 billion, a price-to-earnings ratio of 30.46, a PEG ratio of 1.44 and a beta of 1.42. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. Generac has a one year low of $108.89 and a one year high of $195.94.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) 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%. Analysts anticipate that Generac will post 6.91 EPS for the current fiscal year.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the transaction, the chief executive officer now directly owns 565,825 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink. 2.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Generac

Several large investors have recently added to or reduced their stakes in GNRC. Norges Bank purchased a new stake in shares of Generac in the 4th quarter worth about $90,913,000. Boston Partners raised its stake in Generac by 39.0% in 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 in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Generac by 81.9% in 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 boosted its position in Generac by 133.6% during the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock valued at $104,227,000 after acquiring an additional 384,434 shares in the last quarter. Finally, Forest Avenue Capital Management LP purchased a new position in shares of Generac during the 4th quarter worth approximately $49,313,000. 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.