Generac (NYSE:GNRC) Stock Price Up 1.7%

Generac Holdings Inc. (NYSE:GNRCGet Rating) shares rose 1.7% during mid-day trading on Friday . The company traded as high as $175.05 and last traded at $173.98. Approximately 35,260 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 1,051,807 shares. The stock had previously closed at $171.08.

Analysts Set New Price Targets

GNRC has been the topic of a number of recent research reports. Wells Fargo & Company initiated coverage on Generac in a report on Wednesday, June 29th. They issued an “overweight” rating and a $285.00 target price on the stock. Guggenheim cut their target price on Generac from $561.00 to $455.00 and set a “buy” rating on the stock in a report on Monday, July 25th. Truist Financial cut their target price on Generac from $425.00 to $365.00 in a report on Thursday, August 4th. TheStreet cut Generac from a “b-” rating to a “c+” rating in a research note on Tuesday, July 12th. Finally, Oppenheimer dropped their price objective on Generac from $360.00 to $345.00 and set an “outperform” rating on the stock in a research note on Monday, August 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $414.86.

Generac Trading Up 0.7 %

The firm has a fifty day moving average of $236.69 and a two-hundred day moving average of $249.00. The company has a market cap of $11.00 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 1.48 and a beta of 1.33. The company has a current ratio of 2.13, a quick ratio of 1.07 and a debt-to-equity ratio of 0.53.

Generac (NYSE:GNRCGet Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The technology company reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.34. The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.26 billion. Generac had a return on equity of 29.42% and a net margin of 12.28%. The firm’s revenue for the quarter was up 40.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.39 EPS. As a group, sell-side analysts predict that Generac Holdings Inc. will post 11.9 EPS for the current year.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $264.96, for a total transaction of $1,324,800.00. Following the completion of the sale, the chief executive officer now owns 610,975 shares in the company, valued at approximately $161,883,936. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.80% of the company’s stock.

Institutional Trading of Generac

Large investors have recently modified their holdings of the business. Key Financial Inc bought a new stake in Generac in the 1st quarter worth approximately $29,000. SJS Investment Consulting Inc. bought a new stake in Generac in the 1st quarter worth approximately $35,000. Montag A & Associates Inc. bought a new stake in Generac in the 2nd quarter worth approximately $25,000. American National Bank lifted its position in Generac by 59.2% in the 1st quarter. American National Bank now owns 121 shares of the technology company’s stock worth $36,000 after buying an additional 45 shares during the last quarter. Finally, Clear Street Markets LLC lifted its position in Generac by 411.5% in the 2nd quarter. Clear Street Markets LLC now owns 133 shares of the technology company’s stock worth $28,000 after buying an additional 107 shares during the last quarter. Institutional investors own 90.40% of the company’s stock.

About Generac

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Generac Holdings Inc designs, manufactures, and sells power generation equipment, energy storage systems, and other power products for the residential, and light commercial and industrial markets worldwide. The company offers engines, alternators, batteries, electronic controls, steel enclosures, and other components.

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