Generac (NYSE:GNRC) Given New $185.00 Price Target at Piper Sandler

Generac (NYSE:GNRC) had its price target trimmed by Piper Sandler from $200.00 to $185.00 in a report issued on Friday morning,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

A number of other research analysts have also commented on GNRC. Citigroup cut their price objective on shares of Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Barclays started coverage on Generac in a report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price objective on the stock. Roth Mkm upped their target price on Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group boosted their price target on shares of Generac from $148.00 to $193.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, StockNews.com upgraded shares of Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $173.55.

Generac Trading Down 0.3 %

Shares of GNRC stock opened at $142.22 on Friday. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. Generac has a 1 year low of $108.89 and a 1 year high of $195.94. The firm’s fifty day simple moving average is $160.90 and its 200 day simple moving average is $160.97. The firm has a market capitalization of $8.46 billion, a P/E ratio of 29.51, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction 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 owns 565,825 shares in the company, valued at approximately $82,129,498.75. The trade was a 0.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Generac

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Czech National Bank raised its position in shares of Generac by 6.1% in the 3rd quarter. Czech National Bank now owns 12,253 shares of the technology company’s stock valued at $1,947,000 after acquiring an additional 702 shares during the period. GAMMA Investing LLC raised its holdings in Generac by 46.6% in the third quarter. GAMMA Investing LLC now owns 1,349 shares of the technology company’s stock worth $214,000 after purchasing an additional 429 shares during the period. Mather Group LLC. boosted its position in shares of Generac by 6.5% during the third quarter. Mather Group LLC. now owns 1,528 shares of the technology company’s stock worth $243,000 after purchasing an additional 93 shares in the last quarter. Wedmont Private Capital acquired a new position in shares of Generac in the 3rd quarter valued at $203,000. Finally, Independence Bank of Kentucky increased its position in shares of Generac by 54.1% in the 3rd quarter. Independence Bank of Kentucky now owns 6,255 shares of the technology company’s stock valued at $994,000 after buying an additional 2,195 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

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.