Generac (NYSE:GNRC) Price Target Cut to $217.00 by Analysts at Citigroup

Generac (NYSE:GNRC) had its price objective cut by Citigroup from $219.00 to $217.00 in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the technology company’s stock.

GNRC has been the subject of a number of other research reports. Wall Street Zen downgraded shares of Generac from a “buy” rating to a “hold” rating in a research report on Sunday, September 28th. Wells Fargo & Company upped their target price on shares of Generac from $128.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. Roth Capital upped their target price on shares of Generac from $122.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. Barclays decreased their target price on shares of Generac from $200.00 to $188.00 and set an “equal weight” rating for the company in a research report on Monday, October 6th. Finally, Zacks Research cut shares of Generac from a “hold” rating to a “strong sell” rating in a research report on Friday, October 17th. Twelve research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Generac has an average rating of “Moderate Buy” and an average price target of $185.47.

Generac Price Performance

Shares of NYSE:GNRC opened at $192.71 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 2.00 and a debt-to-equity ratio of 0.50. Generac has a fifty-two week low of $99.50 and a fifty-two week high of $203.25. The firm has a 50-day simple moving average of $182.14 and a 200 day simple moving average of $151.96. The company has a market cap of $11.31 billion, a PE ratio of 32.01, a P/E/G ratio of 1.56 and a beta of 1.64.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.32. Generac had a net margin of 7.91% and a return on equity of 19.14%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the firm earned $1.35 EPS. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. Generac has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Generac will post 8 EPS for the current year.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $167.42, for a total value of $837,100.00. Following the completion of the sale, the chief executive officer directly owned 547,966 shares of the company’s stock, valued at approximately $91,740,467.72. This represents a 0.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.70% of the company’s stock.

Institutional Trading of Generac

A number of institutional investors have recently made changes to their positions in the stock. New York Life Investment Management LLC lifted its stake in shares of Generac by 0.7% in the 2nd quarter. New York Life Investment Management LLC now owns 7,924 shares of the technology company’s stock worth $1,135,000 after acquiring an additional 58 shares during the period. Beacon Investment Advisors LLC lifted its stake in Generac by 0.3% during the second quarter. Beacon Investment Advisors LLC now owns 26,226 shares of the technology company’s stock valued at $3,735,000 after purchasing an additional 70 shares during the last quarter. Pine Haven Investment Counsel Inc lifted its stake in Generac by 2.7% during the second quarter. Pine Haven Investment Counsel Inc now owns 2,861 shares of the technology company’s stock valued at $410,000 after purchasing an additional 75 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Generac by 81.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock valued at $25,000 after purchasing an additional 77 shares during the last quarter. Finally, Covestor Ltd lifted its stake in Generac by 16.2% during the first quarter. Covestor Ltd now owns 596 shares of the technology company’s stock valued at $75,000 after purchasing an additional 83 shares during the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

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.