Oppenheimer Raises Generac (NYSE:GNRC) Price Target to $145.00

Generac (NYSE:GNRC) had its target price hoisted by Oppenheimer from $140.00 to $145.00 in a research note issued to investors on Thursday morning, Benzinga reports. Oppenheimer currently has an outperform rating on the technology company’s stock.

A number of other analysts have also recently weighed in on GNRC. Canaccord Genuity Group raised their price target on shares of Generac from $140.00 to $150.00 and gave the company a buy rating in a report on Friday, April 5th. OTR Global raised shares of Generac from a mixed rating to a positive rating in a report on Tuesday, April 2nd. Roth Mkm boosted their price target on shares of Generac from $120.00 to $135.00 and gave the stock a neutral rating in a report on Tuesday, April 23rd. TD Cowen cut their price target on shares of Generac from $165.00 to $144.00 and set an outperform rating for the company in a report on Thursday, February 15th. Finally, UBS Group dropped their target price on shares of Generac from $160.00 to $150.00 and set a buy rating for the company in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $142.40.

Generac Trading Up 3.7 %

GNRC stock traded up $4.72 during trading on Thursday, hitting $133.38. The company had a trading volume of 1,315,710 shares, compared to its average volume of 1,356,062. The firm has a market capitalization of $8.06 billion, a P/E ratio of 36.74, a PEG ratio of 1.82 and a beta of 1.41. Generac has a 52-week low of $79.86 and a 52-week high of $156.95. The company has a 50 day simple moving average of $124.48 and a 200-day simple moving average of $118.20. The company has a quick ratio of 0.94, a current ratio of 2.29 and a debt-to-equity ratio of 0.61.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.72 by $0.16. The company had revenue of $889.27 million for the quarter, compared to the consensus estimate of $886.60 million. Generac had a net margin of 5.68% and a return on equity of 14.68%. The firm’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.63 EPS. As a group, research analysts forecast that Generac will post 6.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $139.95, for a total transaction of $699,750.00. Following the sale, the chief executive officer now directly owns 587,177 shares in the company, valued at $82,175,421.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Generac

A number of large investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC increased its stake in Generac by 18.2% in the third quarter. Commonwealth Equity Services LLC now owns 75,881 shares of the technology company’s stock valued at $8,268,000 after purchasing an additional 11,704 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Generac by 9.5% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 14,942 shares of the technology company’s stock valued at $1,628,000 after acquiring an additional 1,300 shares during the period. Xponance Inc. increased its position in shares of Generac by 5.9% in the third quarter. Xponance Inc. now owns 9,675 shares of the technology company’s stock valued at $1,054,000 after buying an additional 540 shares in the last quarter. Raymond James & Associates increased its position in shares of Generac by 6.2% in the third quarter. Raymond James & Associates now owns 148,479 shares of the technology company’s stock valued at $16,178,000 after buying an additional 8,634 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Generac by 11.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 73,797 shares of the technology company’s stock valued at $8,041,000 after buying an additional 7,644 shares in the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

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.