Generac (NYSE:GNRC) Given New $200.00 Price Target at Piper Sandler

Generac (NYSE:GNRC) had its price target upped by equities research analysts at Piper Sandler from $190.00 to $200.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. Piper Sandler’s target price indicates a potential upside of 8.30% from the company’s previous close.

Several other research firms have also weighed in on GNRC. Robert W. Baird dropped their price target on Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Roth Mkm raised their price objective on shares of Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Scotiabank upped their target price on Generac from $147.00 to $160.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. Truist Financial boosted their price target on Generac from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, TD Cowen increased their price objective on Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $174.58.

Generac Price Performance

NYSE:GNRC traded up $1.15 during trading hours on Friday, hitting $184.67. The company’s stock had a trading volume of 64,241 shares, compared to its average volume of 946,451. The company has a market capitalization of $10.99 billion, a PE ratio of 38.31, a PEG ratio of 2.20 and a beta of 1.37. Generac has a 52-week low of $108.89 and a 52-week high of $195.94. The business’s 50-day moving average is $167.15 and its two-hundred day moving average is $153.07. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03.

Generac (NYSE:GNRC) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the firm earned $1.64 earnings per share. The firm’s revenue was up 9.6% on a year-over-year basis. As a group, research analysts anticipate that Generac will post 6.8 EPS for the current fiscal year.

Insider Activity at Generac

In related news, CFO York A. Ragen sold 29,081 shares of Generac stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the sale, the chief financial officer now owns 135,613 shares of the company’s stock, valued at $25,051,789.49. The trade was a 17.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total value of $794,650.00. Following 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 0.88 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,268 shares of company stock worth $7,584,853. Company insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Generac

Several hedge funds and other institutional investors have recently modified their holdings of GNRC. Willis Investment Counsel raised its stake in Generac by 18.7% during the third quarter. Willis Investment Counsel now owns 105,007 shares of the technology company’s stock valued at $16,684,000 after buying an additional 16,541 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Generac by 85.9% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,021 shares of the technology company’s stock valued at $928,000 after purchasing an additional 3,244 shares during the last quarter. Epoch Investment Partners Inc. bought a new position in shares of Generac in the 1st quarter worth about $1,053,000. Hudson Valley Investment Advisors Inc. ADV bought a new position in Generac in the third quarter worth about $3,742,000. Finally, Versor Investments LP acquired a new position in Generac during the 3rd quarter valued at approximately $1,823,000. 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.