The Goldman Sachs Group Lowers Generac (NYSE:GNRC) Price Target to $168.00

Generac (NYSE:GNRC) had its price objective dropped by analysts at The Goldman Sachs Group from $193.00 to $168.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. The Goldman Sachs Group’s target price would suggest a potential upside of 13.16% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Truist Financial reduced their price objective on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Barclays began coverage on Generac in a report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price target for the company. JPMorgan Chase & Co. upped their price objective on Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Wells Fargo & Company cut their target price on Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, StockNews.com raised Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Generac currently has an average rating of “Moderate Buy” and a consensus price target of $174.00.

Generac Trading Down 2.6 %

Shares of GNRC traded down $3.99 during trading on Thursday, reaching $148.47. 508,370 shares of the company traded hands, compared to its average volume of 841,484. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The stock has a market cap of $8.83 billion, a PE ratio of 30.79, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42. The stock has a 50-day simple moving average of $157.62 and a 200-day simple moving average of $160.69. Generac has a twelve month low of $108.89 and a twelve month high of $195.94.

Generac (NYSE:GNRC) last announced 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%. On average, analysts anticipate that Generac will post 6.91 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the transaction, the chief executive officer now owns 565,825 shares in the company, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GNRC. Empirical Finance LLC boosted its stake in shares of Generac by 4.1% during the 3rd quarter. Empirical Finance LLC now owns 1,689 shares of the technology company’s stock worth $268,000 after acquiring an additional 66 shares in the last quarter. Allworth Financial LP raised its holdings in Generac by 3.0% during the fourth quarter. Allworth Financial LP now owns 2,738 shares of the technology company’s stock worth $435,000 after purchasing an additional 80 shares during the last quarter. Nicollet Investment Management Inc. boosted its position in Generac by 1.1% during the third quarter. Nicollet Investment Management Inc. now owns 7,866 shares of the technology company’s stock worth $1,250,000 after purchasing an additional 82 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in Generac by 42.0% in the fourth quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company’s stock valued at $44,000 after purchasing an additional 84 shares during the last quarter. Finally, Wedbush Securities Inc. grew its holdings in Generac by 3.9% in the fourth quarter. Wedbush Securities Inc. now owns 2,235 shares of the technology company’s stock valued at $347,000 after purchasing an additional 84 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

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.