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

Generac (NYSE:GNRC - Free Report) had its price objective hoisted by JPMorgan Chase & Co. from $160.00 to $178.00 in a report issued on Thursday morning, Benzinga reports. They currently have a neutral rating on the technology company's stock.

GNRC has been the subject of several other research reports. Scotiabank lifted their target price on shares of Generac from $147.00 to $160.00 and gave the company a "sector perform" rating in a report on Monday, July 29th. Stifel Nicolaus reiterated a "buy" rating and issued a $175.00 price objective (up previously from $145.00) on shares of Generac in a report on Thursday, August 1st. Robert W. Baird raised their target price on Generac from $142.00 to $163.00 and gave the company a "neutral" rating in a report on Thursday, August 1st. StockNews.com lowered shares of Generac from a "buy" rating to a "hold" rating in a research note on Thursday, October 3rd. Finally, Canaccord Genuity Group increased their price target on shares of Generac from $177.00 to $200.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $158.43.

Generac Trading Down 3.3 %

NYSE:GNRC traded down $5.82 on Thursday, hitting $168.39. The stock had a trading volume of 784,578 shares, compared to its average volume of 963,013. The company has a fifty day moving average price of $152.91 and a two-hundred day moving average price of $145.44. The stock has a market cap of $10.21 billion, a price-to-earnings ratio of 47.36, a PEG ratio of 2.22 and a beta of 1.38. The company has a quick ratio of 0.99, a current ratio of 2.25 and a debt-to-equity ratio of 0.61. Generac has a 1-year low of $79.86 and a 1-year high of $176.14.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.15. Generac had a return on equity of 15.35% and a net margin of 6.03%. The company had revenue of $998.20 million during the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the business posted $1.08 earnings per share. The firm's revenue for the quarter was down .2% compared to the same quarter last year. Equities research analysts expect that Generac will post 6.47 earnings per share for the current fiscal year.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total value of $794,650.00. Following the transaction, the chief executive officer now directly owns 562,177 shares of the company's stock, valued at $89,346,790.61. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. raised its holdings in shares of Generac by 2.4% in the second quarter. Duncker Streett & Co. Inc. now owns 2,932 shares of the technology company's stock valued at $388,000 after buying an additional 68 shares during the last quarter. Empirical Finance LLC lifted its position in Generac by 4.5% during the 1st quarter. Empirical Finance LLC now owns 1,748 shares of the technology company's stock worth $220,000 after acquiring an additional 75 shares during the period. Johnson Investment Counsel Inc. grew its stake in shares of Generac by 0.3% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 22,549 shares of the technology company's stock valued at $2,981,000 after purchasing an additional 75 shares during the last quarter. EntryPoint Capital LLC increased its holdings in shares of Generac by 73.2% in the first 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. Finally, American International Group Inc. raised its stake in shares of Generac by 0.6% during the fourth quarter. American International Group Inc. now owns 16,550 shares of the technology company's stock worth $2,139,000 after purchasing an additional 93 shares during the last quarter. Hedge funds and other 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.