Generac (NYSE:GNRC) PT Raised to $200.00 at Canaccord Genuity Group

Generac (NYSE:GNRC) had its price target boosted by stock analysts at Canaccord Genuity Group from $177.00 to $200.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Canaccord Genuity Group’s price target suggests a potential upside of 35.80% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. TD Cowen increased their price objective on shares of Generac from $144.00 to $172.00 and gave the company a “buy” rating in a research report on Thursday. Guggenheim cut Generac from a “neutral” rating to a “sell” rating and set a $120.00 target price for the company. in a research note on Thursday, May 30th. Oppenheimer cut Generac from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 22nd. Truist Financial increased their target price on Generac from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Finally, Scotiabank increased 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. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Generac presently has an average rating of “Hold” and a consensus target price of $152.90.

Generac Trading Down 5.4 %

GNRC traded down $8.41 on Thursday, reaching $147.27. 359,055 shares of the company’s stock were exchanged, compared to its average volume of 995,597. The company’s 50 day moving average is $145.00 and its 200-day moving average is $131.97. The company has a market cap of $8.93 billion, a price-to-earnings ratio of 41.11, a PEG ratio of 2.10 and a beta of 1.37. Generac has a twelve month low of $79.86 and a twelve month high of $169.57. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 2.29.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.15. Generac had a net margin of 5.68% and a return on equity of 14.68%. The company had revenue of $998.20 million during the quarter, compared to the consensus estimate of $1 billion. During the same quarter last year, the company earned $1.08 earnings per share. Generac’s revenue for the quarter was down .2% on a year-over-year basis. Equities analysts predict that Generac will post 6.16 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Nam Tran Nguyen sold 546 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $140.55, for a total transaction of $76,740.30. Following the sale, the director now owns 3,512 shares of the company’s stock, valued at $493,611.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $133.39, for a total transaction of $666,950.00. Following the sale, the chief executive officer now owns 577,177 shares of the company’s stock, valued at $76,989,640.03. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Nam Tran Nguyen sold 546 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $140.55, for a total value of $76,740.30. Following the completion of the transaction, the director now directly owns 3,512 shares in the company, valued at approximately $493,611.60. The disclosure for this sale can be found here. Insiders have sold a total of 75,785 shares of company stock valued at $11,020,661 over the last quarter. Corporate insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. ICA Group Wealth Management LLC bought a new position in shares of Generac in the fourth quarter valued at $27,000. EntryPoint Capital LLC increased its holdings in shares of Generac by 73.2% in the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock valued at $27,000 after buying an additional 90 shares in the last quarter. Capital Advisors Ltd. LLC increased its holdings in shares of Generac by 611.1% in the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock valued at $34,000 after buying an additional 220 shares in the last quarter. ORG Partners LLC bought a new position in shares of Generac in the fourth quarter valued at $38,000. Finally, Quarry LP increased its holdings in shares of Generac by 219.6% in the fourth quarter. Quarry LP now owns 294 shares of the technology company’s stock valued at $38,000 after buying an additional 202 shares in the last quarter. 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.