Generac (NYSE:GNRC) PT Raised to $190.00 at Piper Sandler

Generac (NYSE:GNRC) had its target price increased by Piper Sandler from $175.00 to $190.00 in a research note released on Thursday, Benzinga reports. Piper Sandler currently has an overweight rating on the technology company’s stock.

A number of other analysts have also issued reports on GNRC. Canaccord Genuity Group boosted their price target on Generac from $177.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Robert W. Baird increased their price target on Generac from $142.00 to $163.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Scotiabank raised their price target on Generac from $147.00 to $160.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. The Goldman Sachs Group upped their price objective on shares of Generac from $129.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Stephens reissued an “overweight” rating and set a $200.00 target price on shares of Generac in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Generac presently has a consensus rating of “Hold” and a consensus price target of $162.45.

Generac Stock Performance

GNRC stock opened at $167.28 on Thursday. Generac has a twelve month low of $79.86 and a twelve month high of $176.14. The firm has a market cap of $10.14 billion, a price-to-earnings ratio of 46.08, a PEG ratio of 2.22 and a beta of 1.38. The business’s fifty day simple moving average is $153.90 and its two-hundred day simple moving average is $146.13. 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 (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, July 31st. The technology company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.20 by $0.15. The company had revenue of $998.20 million for the quarter, compared to the consensus estimate of $1 billion. Generac had a net margin of 6.03% and a return on equity of 15.35%. The firm’s revenue was down .2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.08 EPS. Analysts predict that Generac will post 6.47 earnings per share for the current year.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total value of $794,650.00. Following the completion of the sale, the chief executive officer now owns 562,177 shares of the company’s stock, valued at approximately $89,346,790.61. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Generac

Several institutional investors and hedge funds have recently made changes to their positions in the stock. EntryPoint Capital LLC raised its stake in Generac by 73.2% in the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after acquiring an additional 90 shares during the last quarter. Sunbelt Securities Inc. raised its stake in shares of Generac by 97.1% in the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after purchasing an additional 100 shares during the last quarter. Capital Advisors Ltd. LLC lifted its holdings in shares of Generac by 611.1% during the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock worth $34,000 after purchasing an additional 220 shares during the period. Blue Trust Inc. boosted its position in Generac by 73.5% in the third quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock valued at $36,000 after buying an additional 97 shares during the last quarter. Finally, Fairfield Financial Advisors LTD acquired a new position in Generac in the 2nd quarter worth approximately $38,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

About Generac

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.