Generac (NYSE:GNRC) Price Target Raised to $210.00 at Truist Financial

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

A number of other brokerages have also issued reports on GNRC. Stephens reiterated an “overweight” rating and issued a $200.00 price target on shares of Generac in a research note on Monday, August 5th. StockNews.com cut shares of Generac from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. TD Cowen lifted their price target on shares of Generac from $144.00 to $172.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Wells Fargo & Company increased their price objective 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. Finally, Roth Mkm lifted their target price on Generac from $135.00 to $160.00 and gave the stock a “neutral” rating in a 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $158.43.

Generac Trading Down 0.7 %

NYSE:GNRC opened at $167.20 on Wednesday. Generac has a one year low of $79.86 and a one year high of $176.14. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.25 and a quick ratio of 0.99. The firm has a market capitalization 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 business has a fifty day moving average price of $153.90 and a 200-day moving average price of $145.88.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, July 31st. The technology company reported $1.35 earnings per share (EPS) for the quarter, topping 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 business had revenue of $998.20 million during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the prior year, the business posted $1.08 EPS. Generac’s revenue for the quarter was down .2% compared to the same quarter last year. Sell-side analysts forecast that Generac will post 6.47 EPS for the current year.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were 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 $89,346,790.61. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.80% of the stock is owned by corporate insiders.

Institutional Trading of Generac

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sunbelt Securities Inc. increased its position in shares of Generac by 97.1% during the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after acquiring an additional 100 shares during the period. EntryPoint Capital LLC raised its position in Generac by 73.2% during the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock valued at $27,000 after purchasing an additional 90 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Generac by 73.5% in the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock worth $36,000 after buying an additional 97 shares during the period. Capital Advisors Ltd. LLC grew its position in shares of Generac by 611.1% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock worth $34,000 after buying an additional 220 shares in the last quarter. Finally, Fairfield Financial Advisors LTD purchased a new position in shares of Generac during the second quarter valued at $38,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

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.