UBS Group Issues Pessimistic Forecast for Generac (NYSE:GNRC) Stock Price\n\nGenerac (<a>NYSE:GNRC</a> – <a>Get Free Report</a>) had its target price dropped by equities research analysts at UBS Group from $205.00 to $200.00 in a note issued to investors on Thursday,<a>Benzinga</a> reports. The firm currently has a “buy” rating on the technology company’s stock. UBS Group’s price target points to a potential upside of 27.49% from the company’s previous close.\n\nA number of other equities analysts have also commented on GNRC. Stephens reaffirmed an “overweight” rating and set a $175.00 target price on shares of Generac in a research report on Tuesday, May 27th. Barclays increased their price objective on Generac from $164.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. TD Cowen decreased their target price on Generac from $173.00 to $155.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. TD Securities dropped their price target on Generac from $173.00 to $155.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Finally, Piper Sandler decreased their price objective on Generac from $175.00 to $155.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.58.\n\n<b><a>Get Our Latest Research Report on GNRC</a></b>\n\nGenerac Price Performance\n\nGenerac (<a>NYSE:GNRC</a> – <a>Get Free Report</a>) last issued its earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.27. The firm had revenue of $942.12 million during the quarter, compared to analyst estimates of $921.78 million. Generac had a net margin of 7.68% and a return on equity of 18.90%. The business’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 earnings per share. As a group, sell-side analysts anticipate that Generac will post 8 EPS for the current year.\n\nInsider Activity at Generac\n\nIn other news, CEO <a>Aaron Jagdfeld</a> sold 5,000 shares of the business’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $142.40, for a total transaction of $712,000.00. Following the sale, the chief executive officer directly owned 562,966 shares of the company’s stock, valued at $80,166,358.40. The trade was a 0.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities &amp; Exchange Commission, which is available through <a>this hyperlink</a>. Insiders own 2.70% of the company’s stock.\n\nInstitutional Trading of Generac\n\nA number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas increased its holdings in Generac by 28.5% in the 4th quarter. Teacher Retirement System of Texas now owns 16,342 shares of the technology company’s stock worth $2,534,000 after buying an additional 3,621 shares during the period. American Century Companies Inc. increased its stake in shares of Generac by 16.2% in the fourth quarter. American Century Companies Inc. now owns 61,184 shares of the technology company’s stock worth $9,487,000 after acquiring an additional 8,549 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Generac during the fourth quarter worth $2,124,000. LPL Financial LLC lifted its position in Generac by 14.8% during the fourth quarter. LPL Financial LLC now owns 97,492 shares of the technology company’s stock valued at $15,116,000 after purchasing an additional 12,548 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Generac by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 6,795,550 shares of the technology company’s stock valued at $1,053,650,000 after purchasing an additional 47,450 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.\n\nAbout Generac\n\n(<a>Get Free Report</a>)\n\nGenerac 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.

UBS Group Issues Pessimistic Forecast for Generac (NYSE:GNRC) Stock Price

UBS Group lowered its target price for Generac (NYSE:GNRC) from $205.00 to $200.00, maintaining a 'buy' rating with a potential 27.49% upside from the previous close. Multiple analysts, including Stephens, Barclays, TD Cowen, and Piper Sandler, adjusted their ratings and target prices for Generac. The company reported Q1 earnings exceeding estimates, with revenue up 5.9% YoY. CEO Aaron Jagdfeld sold 5,000 shares, and institutional investors increased or decreased their stakes in the company.