Generac (NYSE:GNRC) had its target price lifted by Canaccord Genuity from $58.00 to $62.00 in a research note issued to investors on Tuesday morning, Marketbeat Ratings reports. The firm currently has a hold rating on the technology company’s stock.

A number of other analysts also recently weighed in on GNRC. Stifel Nicolaus upped their price target on shares of Generac from $52.00 to $56.00 and gave the stock a hold rating in a report on Thursday, August 2nd. Robert W. Baird reaffirmed a hold rating and set a $54.00 price target on shares of Generac in a report on Friday, July 20th. Zacks Investment Research downgraded shares of Generac from a buy rating to a hold rating in a research note on Thursday, July 5th. Goldman Sachs Group downgraded shares of Generac from a neutral rating to a sell rating and set a $49.00 price objective for the company. in a research note on Monday, July 16th. Finally, KeyCorp reissued a buy rating and issued a $60.00 price objective on shares of Generac in a research note on Wednesday, August 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $56.23.

Shares of Generac stock opened at $57.66 on Tuesday. Generac has a 1-year low of $42.88 and a 1-year high of $60.70. The company has a quick ratio of 0.94, a current ratio of 1.94 and a debt-to-equity ratio of 1.47. The company has a market cap of $3.60 billion, a PE ratio of 16.96, a PEG ratio of 2.17 and a beta of 1.45.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, August 1st. The technology company reported $1.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.20. Generac had a net margin of 11.18% and a return on equity of 46.62%. The company had revenue of $494.90 million during the quarter, compared to the consensus estimate of $448.41 million. During the same quarter in the prior year, the firm posted $0.69 EPS. The firm’s quarterly revenue was up 25.3% on a year-over-year basis. research analysts forecast that Generac will post 4.11 earnings per share for the current year.

In other news, CEO Aaron Jagdfeld sold 20,000 shares of the firm’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $55.21, for a total transaction of $1,104,200.00. Following the completion of the transaction, the chief executive officer now owns 875,986 shares of the company’s stock, valued at $48,363,187.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Russell S. Minick sold 9,000 shares of the firm’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $54.86, for a total transaction of $493,740.00. Following the transaction, the insider now directly owns 16,353 shares of the company’s stock, valued at approximately $897,125.58. The disclosure for this sale can be found here. In the last three months, insiders sold 69,000 shares of company stock valued at $3,718,740. 3.00% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Stevens Capital Management LP acquired a new stake in shares of Generac during the first quarter worth $213,000. Financial Gravity Wealth Inc. acquired a new stake in shares of Generac during the first quarter worth $212,000. Strs Ohio increased its position in shares of Generac by 30.0% during the second quarter. Strs Ohio now owns 5,200 shares of the technology company’s stock worth $268,000 after buying an additional 1,200 shares during the period. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Generac during the first quarter worth $242,000. Finally, Alambic Investment Management L.P. acquired a new stake in shares of Generac during the first quarter worth $266,000. 97.82% of the stock is owned by hedge funds and other institutional investors.

About Generac

Generac Holdings Inc designs, manufactures, and sells power generation equipment and other engine powered 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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