Piper Sandler Boosts Generac (NYSE:GNRC) Price Target to $190.00

Generac (NYSE:GNRC) had its target price lifted by equities research analysts at Piper Sandler from $175.00 to $190.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Piper Sandler’s target price points to a potential upside of 13.64% from the stock’s current price.

A number of other equities analysts also recently commented on the stock. StockNews.com downgraded shares of Generac from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Northland Securities increased their price target on shares of Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Canaccord Genuity Group increased their price target on shares of Generac from $177.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Stephens reiterated an “overweight” rating and issued a $200.00 price target on shares of Generac in a report on Monday, August 5th. Finally, Wells Fargo & Company increased their price target on shares of Generac from $139.00 to $156.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $158.43.

Generac Stock Down 0.7 %

GNRC stock opened at $167.20 on Thursday. The company has a market cap of $10.13 billion, a price-to-earnings ratio of 46.06, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.25 and a quick ratio of 0.99. Generac has a 12 month low of $79.86 and a 12 month high of $176.14. The company has a fifty day moving average price of $153.90 and a 200 day moving average price of $145.88.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.15. The company had revenue of $998.20 million during 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%. Generac’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.08 EPS. Sell-side analysts expect that Generac will post 6.47 earnings per share for the current year.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac 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 completion of the sale, the chief executive officer now directly owns 562,177 shares in the company, valued at $89,346,790.61. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Generac

A number of institutional investors have recently bought and sold shares of the stock. Resonant Capital Advisors LLC grew its holdings in Generac by 29.9% in the third quarter. Resonant Capital Advisors LLC now owns 2,492 shares of the technology company’s stock valued at $396,000 after purchasing an additional 573 shares during the period. AA Financial Advisors LLC purchased a new stake in Generac in the third quarter valued at approximately $485,000. Raymond James & Associates grew its holdings in Generac by 3.6% in the third quarter. Raymond James & Associates now owns 184,467 shares of the technology company’s stock valued at $29,308,000 after purchasing an additional 6,375 shares during the period. Blue Trust Inc. grew its holdings 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 purchasing an additional 97 shares during the period. Finally, Optimum Investment Advisors purchased a new stake in Generac in the third quarter valued at approximately $99,000. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

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.