Roth Mkm Increases Generac (NYSE:GNRC) Price Target to $118.00

Generac (NYSE:GNRCGet Free Report) had its price objective increased by Roth Mkm from $105.00 to $118.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the technology company’s stock. Roth Mkm’s target price indicates a potential downside of 6.22% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $135.00 target price on shares of Generac in a research note on Monday, December 4th. Citigroup reduced their price objective on shares of Generac from $133.00 to $124.00 and set a “neutral” rating for the company in a research report on Wednesday, October 18th. Guggenheim upgraded shares of Generac from a “neutral” rating to a “buy” rating and set a $142.00 price objective for the company in a research report on Friday, November 3rd. Piper Sandler reduced their price objective on shares of Generac from $155.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, October 13th. Finally, BNP Paribas started coverage on shares of Generac in a research report on Friday, October 20th. They set an “underperform” rating and a $78.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $141.32.

View Our Latest Stock Analysis on GNRC

Generac Stock Performance

GNRC opened at $125.83 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.41 and a quick ratio of 0.95. The firm has a fifty day moving average price of $121.89 and a 200 day moving average price of $114.51. Generac has a 1 year low of $79.86 and a 1 year high of $156.95. The stock has a market cap of $7.73 billion, a P/E ratio of 49.35, a P/E/G ratio of 1.55 and a beta of 1.45.

Insider Activity at Generac

In related news, EVP Rajendra Kumar Kanuru sold 250 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $116.76, for a total value of $29,190.00. Following the completion of the sale, the executive vice president now owns 15,618 shares of the company’s stock, valued at $1,823,557.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $127.28, for a total transaction of $636,400.00. Following the completion of the transaction, the chief executive officer now owns 582,690 shares of the company’s stock, valued at $74,164,783.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Rajendra Kumar Kanuru sold 250 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $116.76, for a total transaction of $29,190.00. Following the transaction, the executive vice president now directly owns 15,618 shares of the company’s stock, valued at approximately $1,823,557.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,250 shares of company stock valued at $1,825,490. 2.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GNRC. Fairfield Bush & CO. lifted its position in shares of Generac by 83.2% during the first quarter. Fairfield Bush & CO. now owns 7,102 shares of the technology company’s stock worth $2,111,000 after purchasing an additional 3,225 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Generac by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,442 shares of the technology company’s stock worth $2,509,000 after purchasing an additional 523 shares in the last quarter. Prudential PLC acquired a new stake in shares of Generac during the first quarter worth about $441,000. National Pension Service lifted its position in shares of Generac by 12.8% during the first quarter. National Pension Service now owns 98,555 shares of the technology company’s stock worth $29,296,000 after purchasing an additional 11,158 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Generac by 2.0% during the first quarter. Vanguard Group Inc. now owns 6,770,488 shares of the technology company’s stock worth $2,012,595,000 after purchasing an additional 130,854 shares in the last quarter. Hedge funds and other institutional investors own 87.59% of the company’s stock.

Generac Company Profile

(Get Free Report)

Generac Holdings Inc designs, manufactures, and sells power generation equipment, energy storage systems, energy management devices and solutions, and other power products for the residential, light commercial, and industrial markets worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; residential storage solution consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; Mobile Link, a remote monitoring system for home standby generators; smart home solutions, such as smart thermostats and a suite of home monitoring products; smart water heater controllers; residential clean energy solutions; and portable and inverter generators; outdoor power equipment, including trimmers, field and brush mowers, log splitters, stump grinders, chipper shredders, lawn and leaf vacuums, and pressure washers and water pumps; and battery-powered turf care products.

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