Truist Financial Boosts Generac (NYSE:GNRC) Price Target to $170.00

Generac (NYSE:GNRC - Get Free Report) had its price objective hoisted by investment analysts at Truist Financial from $160.00 to $170.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a "buy" rating on the technology company's stock. Truist Financial's price objective would indicate a potential upside of 17.94% from the company's previous close.

A number of other research firms have also recently weighed in on GNRC. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $149.00 price objective on shares of Generac in a report on Thursday. Canaccord Genuity Group raised their price objective on shares of Generac from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, April 5th. Robert W. Baird raised their price objective on shares of Generac from $112.00 to $129.00 and gave the company a "neutral" rating in a research report on Thursday, February 15th. UBS Group reduced their price objective on shares of Generac from $160.00 to $150.00 and set a "buy" rating for the company in a research report on Thursday, February 15th. Finally, Canaccord Genuity Group raised their price objective on shares of Generac from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Generac has an average rating of "Moderate Buy" and an average price target of $142.15.

Generac Stock Performance

Shares of NYSE:GNRC traded down $7.65 on Thursday, reaching $144.14. 1,159,028 shares of the company's stock were exchanged, compared to its average volume of 1,062,739. The firm has a market capitalization of $8.74 billion, a price-to-earnings ratio of 39.71, a PEG ratio of 2.11 and a beta of 1.41. Generac has a fifty-two week low of $79.86 and a fifty-two week high of $156.95. The business's 50-day moving average is $132.26 and its two-hundred day moving average is $123.03. The company has a quick ratio of 0.97, a current ratio of 2.29 and a debt-to-equity ratio of 0.61.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.16. Generac had a net margin of 5.68% and a return on equity of 14.68%. The business had revenue of $889.27 million for the quarter, compared to analysts' expectations of $886.60 million. During the same quarter last year, the company earned $0.63 EPS. The company's revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities research analysts forecast that Generac will post 6.08 EPS for the current year.

Insider Transactions at Generac

In related news, Director Nam Tran Nguyen sold 546 shares of the business's stock in a transaction on Monday, May 13th. The shares were sold at an average price of $140.55, for a total transaction of $76,740.30. Following the transaction, the director now owns 3,512 shares of the company's stock, valued at $493,611.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Nam Tran Nguyen sold 546 shares of the business's stock in a transaction on Monday, May 13th. The shares were sold at an average price of $140.55, for a total transaction of $76,740.30. Following the transaction, the director now owns 3,512 shares of the company's stock, valued at $493,611.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $139.95, for a total transaction of $699,750.00. Following the completion of the sale, the chief executive officer now directly owns 587,177 shares in the company, valued at approximately $82,175,421.15. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,546 shares of company stock worth $1,411,190. 2.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Generac

Institutional investors and hedge funds have recently bought and sold shares of the business. Daiwa Securities Group Inc. grew its holdings in shares of Generac by 8.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 5,153 shares of the technology company's stock worth $561,000 after purchasing an additional 400 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of Generac by 2.6% in the 3rd quarter. California Public Employees Retirement System now owns 89,649 shares of the technology company's stock worth $9,768,000 after purchasing an additional 2,246 shares during the last quarter. Ieq Capital LLC grew its holdings in shares of Generac by 8.6% in the 3rd quarter. Ieq Capital LLC now owns 3,726 shares of the technology company's stock worth $406,000 after purchasing an additional 294 shares during the last quarter. HM Payson & Co. grew its holdings in shares of Generac by 5.7% in the 3rd quarter. HM Payson & Co. now owns 3,721 shares of the technology company's stock worth $405,000 after purchasing an additional 200 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Generac by 11.9% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 62,712 shares of the technology company's stock worth $6,833,000 after buying an additional 6,683 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.