Generac (NYSE:GNRC) Price Target Cut to $155.00 by Analysts at Piper Sandler

Generac (NYSE:GNRC - Free Report) had its price objective cut by Piper Sandler from $175.00 to $155.00 in a report issued on Thursday,Benzinga reports. They currently have an overweight rating on the technology company's stock.

A number of other research analysts have also commented on the company. Robert W. Baird cut their price target on Generac from $172.00 to $171.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. Wells Fargo & Company dropped their price objective on shares of Generac from $175.00 to $165.00 and set an "equal weight" rating for the company in a research note on Thursday, February 13th. Bank of America initiated coverage on Generac in a research note on Monday, March 24th. They issued a "buy" rating and a $182.00 target price for the company. Guggenheim raised Generac from a "sell" rating to a "neutral" rating in a research report on Monday, March 17th. Finally, Stifel Nicolaus decreased their price objective on Generac from $210.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $173.40.

Generac Stock Up 3.4 %

Shares of Generac stock traded up $3.64 during midday trading on Thursday, reaching $110.22. 277,657 shares of the company's stock traded hands, compared to its average volume of 875,527. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. The company has a market cap of $6.57 billion, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58. Generac has a 52 week low of $99.50 and a 52 week high of $195.94. The company's 50 day simple moving average is $127.35 and its 200 day simple moving average is $153.16.

Generac (NYSE:GNRC - Get Free Report) last posted its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. Equities analysts expect that Generac will post 8 earnings per share for the current fiscal year.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the completion of the sale, the chief executive officer now directly owns 565,825 shares in the company, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Generac

Several hedge funds have recently added to or reduced their stakes in GNRC. Matrix Asset Advisors Inc. NY acquired a new stake in shares of Generac during the first quarter worth $2,962,000. Intact Investment Management Inc. acquired a new stake in Generac in the 1st quarter worth about $76,000. Monte Financial Group LLC boosted its holdings in Generac by 33.9% in the 1st quarter. Monte Financial Group LLC now owns 12,035 shares of the technology company's stock valued at $1,524,000 after purchasing an additional 3,046 shares during the period. Abundance Wealth Counselors grew its position in shares of Generac by 6.4% during the 1st quarter. Abundance Wealth Counselors now owns 5,321 shares of the technology company's stock worth $674,000 after purchasing an additional 320 shares in the last quarter. Finally, ORG Wealth Partners LLC bought a new position in shares of Generac during the first quarter worth approximately $93,000. 84.04% of the stock is 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.