Generac (NYSE:GNRC) PT Raised to $128.00

Generac (NYSE:GNRCFree Report) had its price target lifted by Citigroup from $124.00 to $128.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a neutral rating on the technology company’s stock.

Several other research firms have also issued reports on GNRC. Guggenheim raised Generac from a neutral rating to a buy rating and set a $142.00 price target on the stock in a research report on Friday, November 3rd. Roth Mkm upped their price target on Generac from $105.00 to $118.00 and gave the company a neutral rating in a research report on Tuesday, February 6th. JPMorgan Chase & Co. dropped their price target on Generac from $179.00 to $164.00 and set an overweight rating on the stock in a research report on Thursday, October 19th. Stifel Nicolaus restated a buy rating and set a $135.00 price objective on shares of Generac in a research note on Monday, December 4th. Finally, Bank of America upgraded Generac from an underperform rating to a neutral rating and upped their price objective for the stock from $76.00 to $110.00 in a research note on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $141.53.

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Generac Stock Performance

Shares of GNRC opened at $130.47 on Monday. The business’s 50 day moving average is $122.19 and its two-hundred day moving average is $113.96. Generac has a 52-week low of $79.86 and a 52-week high of $156.95. The firm has a market cap of $8.01 billion, a price-to-earnings ratio of 51.16, a PEG ratio of 1.73 and a beta of 1.45. The company has a quick ratio of 0.95, a current ratio of 2.41 and a debt-to-equity ratio of 0.62.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $115.22, for a total value of $576,100.00. Following the completion of the sale, the chief executive officer now owns 577,690 shares in the company, valued at $66,561,441.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Rajendra Kumar Kanuru sold 250 shares of the company’s stock in a transaction on Friday, December 1st. The stock was 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 in the company, valued at $1,823,557.68. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $115.22, for a total value of $576,100.00. Following the completion of the sale, the chief executive officer now owns 577,690 shares of the company’s stock, valued at approximately $66,561,441.80. 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 currently owned by corporate insiders.

Institutional Trading of Generac

Several institutional investors have recently modified their holdings of GNRC. Alaethes Wealth LLC lifted its holdings in shares of Generac by 0.9% during the fourth quarter. Alaethes Wealth LLC now owns 11,420 shares of the technology company’s stock valued at $1,476,000 after purchasing an additional 97 shares during the last quarter. Bank of Nova Scotia lifted its holdings in shares of Generac by 1,350.9% during the fourth quarter. Bank of Nova Scotia now owns 32,559 shares of the technology company’s stock valued at $4,208,000 after purchasing an additional 30,315 shares during the last quarter. Jade Capital Advisors LLC lifted its holdings in shares of Generac by 500.0% during the fourth quarter. Jade Capital Advisors LLC now owns 30,000 shares of the technology company’s stock valued at $3,877,000 after purchasing an additional 25,000 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of Generac by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 26,973 shares of the technology company’s stock valued at $3,486,000 after purchasing an additional 260 shares during the last quarter. Finally, Olympiad Research LP purchased a new stake in shares of Generac during the fourth quarter valued at $202,000. Institutional investors and hedge funds own 87.59% of the company’s stock.

Generac Company Profile

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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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