Generac (NYSE:GNRC) PT Raised to $210.00

Generac (NYSE:GNRC) had its price target increased by Truist Financial from $170.00 to $210.00 in a research note published on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

Other research analysts have also recently issued research reports about the stock. Northland Securities raised their target price on shares of Generac from $160.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. The Goldman Sachs Group boosted their price objective on shares of Generac from $129.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Scotiabank upped their price objective on shares of Generac from $147.00 to $160.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. Robert W. Baird raised their target price on Generac from $142.00 to $163.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Finally, Roth Mkm upped their price target on Generac from $135.00 to $160.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $158.43.

Generac Stock Performance

Generac stock opened at $167.28 on Wednesday. The firm has a fifty day simple moving average of $153.90 and a two-hundred day simple moving average of $146.00. The company has a quick ratio of 0.99, a current ratio of 2.25 and a debt-to-equity ratio of 0.61. Generac has a twelve month low of $79.86 and a twelve month high of $176.14. The company has a market capitalization of $10.14 billion, a PE ratio of 46.08, a P/E/G ratio of 2.22 and a beta of 1.38.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, July 31st. The technology company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.15. Generac had a return on equity of 15.35% and a net margin of 6.03%. The company had revenue of $998.20 million during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the company posted $1.08 EPS. Generac’s revenue for the quarter was down .2% on a year-over-year basis. Research analysts expect that Generac will post 6.47 EPS for the current year.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total transaction of $794,650.00. Following the sale, the chief executive officer now owns 562,177 shares of the company’s stock, valued at $89,346,790.61. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. EntryPoint Capital LLC increased its holdings in shares of Generac by 73.2% during the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock valued at $27,000 after acquiring an additional 90 shares in the last quarter. Sunbelt Securities Inc. increased its stake in Generac by 97.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Capital Advisors Ltd. LLC raised its holdings in Generac by 611.1% in the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock worth $34,000 after buying an additional 220 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Generac by 73.5% in the third quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock worth $36,000 after buying an additional 97 shares in the last quarter. Finally, Fairfield Financial Advisors LTD purchased a new stake in shares of Generac during the second quarter valued at approximately $38,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

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.