Generac (NYSE:GNRC) PT Raised to $178.00 at JPMorgan Chase & Co.

Generac (NYSE:GNRC) had its price objective hoisted by analysts at JPMorgan Chase & Co. from $160.00 to $178.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 3.66% from the company’s current price.

Several other equities research analysts have also issued reports on the stock. Northland Securities lifted their target price on shares of Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. StockNews.com downgraded shares of Generac from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Wells Fargo & Company increased their target price on Generac from $139.00 to $156.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $175.00 price objective (up from $145.00) on shares of Generac in a report on Thursday, August 1st. Finally, Canaccord Genuity Group raised their price objective on Generac from $177.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $158.43.

Generac Price Performance

NYSE GNRC traded down $2.50 on Thursday, hitting $171.71. The stock had a trading volume of 59,614 shares, compared to its average volume of 959,407. The company has a market capitalization of $10.41 billion, a price-to-earnings ratio of 47.36, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38. Generac has a 52-week low of $79.86 and a 52-week high of $176.14. The firm has a 50-day moving average of $152.91 and a 200-day moving average of $145.44. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.99 and a current ratio of 2.25.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, July 31st. The technology company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.20 by $0.15. The business had revenue of $998.20 million during the quarter, compared to analysts’ expectations of $1 billion. Generac had a return on equity of 15.35% and a net margin of 6.03%. The firm’s revenue was down .2% on a year-over-year basis. During the same period in the previous year, the business earned $1.08 earnings per share. Equities analysts expect that Generac will post 6.47 EPS for the current year.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total transaction of $794,650.00. Following the transaction, the chief executive officer now directly owns 562,177 shares of the company’s stock, valued at approximately $89,346,790.61. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. EntryPoint Capital LLC grew its stake in shares of Generac by 73.2% during the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock valued at $27,000 after purchasing an additional 90 shares during the period. Sunbelt Securities Inc. lifted its position in shares of Generac by 97.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock valued at $27,000 after buying an additional 100 shares in the last quarter. Capital Advisors Ltd. LLC grew its stake in shares of Generac by 611.1% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock valued at $34,000 after acquiring an additional 220 shares during the period. Fairfield Financial Advisors LTD purchased a new stake in shares of Generac in the second quarter worth $38,000. Finally, ORG Partners LLC purchased a new stake in Generac in the 2nd quarter worth $39,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

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.