Generac (NYSE:GNRC) Receives Overweight Rating from Stephens

Stephens reaffirmed their overweight rating on shares of Generac (NYSE:GNRC) in a report issued on Tuesday,Benzinga reports. Stephens currently has a $175.00 price target on the technology company’s stock.

A number of other analysts have also weighed in on the stock. Citigroup upgraded shares of Generac from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $162.00 to $138.00 in a research note on Thursday, April 17th. TD Securities reduced their price objective on shares of Generac from $173.00 to $155.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. UBS Group raised their price objective on shares of Generac from $200.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. TD Cowen reduced their price objective on shares of Generac from $173.00 to $155.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Finally, Janney Montgomery Scott upgraded shares of Generac from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 7th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, Generac presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.95.

Generac Stock Up 2.0%

Shares of Generac stock opened at $126.07 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. The company has a 50-day moving average of $119.17 and a 200 day moving average of $144.03. The firm has a market cap of $7.45 billion, a price-to-earnings ratio of 23.35, a PEG ratio of 1.44 and a beta of 1.73. Generac has a 1 year low of $99.50 and a 1 year high of $195.94.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.27. The company had revenue of $942.12 million during the quarter, compared to analyst estimates of $921.78 million. Generac had a net margin of 7.36% and a return on equity of 18.17%. Generac’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business earned $0.88 EPS. As a group, sell-side analysts anticipate that Generac will post 8 earnings per share for the current fiscal year.

Institutional Trading of Generac

Several large investors have recently added to or reduced their stakes in GNRC. Norges Bank bought a new stake in Generac during the fourth quarter valued at approximately $90,913,000. Boston Partners grew its position in Generac by 39.0% during the fourth quarter. Boston Partners now owns 1,903,297 shares of the technology company’s stock valued at $295,123,000 after buying an additional 533,612 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Generac by 81.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company’s stock valued at $161,684,000 after buying an additional 469,575 shares during the period. Jennison Associates LLC grew its position in Generac by 133.6% during the fourth quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock valued at $104,227,000 after buying an additional 384,434 shares during the period. Finally, Forest Avenue Capital Management LP bought a new stake in Generac during the fourth quarter valued at approximately $49,313,000. 84.04% of the stock is currently owned by 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.