JPMorgan Chase & Co. Reaffirms "Neutral" Rating for Generac (NYSE:GNRC)

JPMorgan Chase & Co. restated their neutral rating on shares of Generac (NYSE:GNRC - Free Report) in a report issued on Thursday, Marketbeat Ratings reports. The brokerage currently has a $149.00 price target on the technology company's stock.

A number of other brokerages also recently weighed in on GNRC. OTR Global upgraded shares of Generac from a mixed rating to a positive rating in a research report on Tuesday, April 2nd. TD Cowen cut their price target on Generac from $165.00 to $144.00 and set an outperform rating for the company in a research note on Thursday, February 15th. Guggenheim cut shares of Generac from a buy rating to a neutral rating in a report on Thursday, February 15th. UBS Group dropped their price target on shares of Generac from $160.00 to $150.00 and set a buy rating on the stock in a research note on Thursday, February 15th. Finally, Citigroup boosted their price objective on shares of Generac from $124.00 to $128.00 and gave the company a neutral rating in a research report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $142.15.

Generac Stock Down 5.0 %

GNRC traded down $7.65 during midday trading on Thursday, reaching $144.14. The company's stock had a trading volume of 1,159,028 shares, compared to its average volume of 1,062,739. The stock's 50-day moving average is $132.26 and its 200-day moving average is $123.03. Generac has a 1 year low of $79.86 and a 1 year high of $156.95. 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. The company has a current ratio of 2.29, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61.

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

Insider Activity at Generac

In other news, Director Nam Tran Nguyen sold 546 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $140.55, for a total value of $76,740.30. Following the sale, the director now owns 3,512 shares in the company, valued at $493,611.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm'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 sale, the chief executive officer now owns 587,177 shares in the company, valued at $82,175,421.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Nam Tran Nguyen sold 546 shares of the company's stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $140.55, for a total transaction of $76,740.30. Following the completion of the transaction, the director now owns 3,512 shares of the company's stock, valued at approximately $493,611.60. The disclosure for this sale can be found here. Insiders have sold a total of 10,546 shares of company stock valued at $1,411,190 in the last ninety days. Company insiders own 2.80% of the company's stock.

Hedge Funds Weigh In On Generac

A number of hedge funds have recently made changes to their positions in GNRC. ICA Group Wealth Management LLC acquired a new stake in shares of Generac in the fourth quarter valued at approximately $27,000. EntryPoint Capital LLC raised its holdings in shares of Generac by 73.2% during the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company's stock worth $27,000 after acquiring an additional 90 shares during the period. BKM Wealth Management LLC acquired a new position in shares of Generac during the 4th quarter valued at about $28,000. Headlands Technologies LLC purchased a new stake in shares of Generac in the third quarter valued at about $28,000. Finally, ORG Partners LLC acquired a new stake in Generac during the fourth quarter worth about $38,000. Institutional investors and hedge funds own 84.04% of the company's stock.

Generac Company Profile

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.