Generac (NYSE:GNRC) received a neutral rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. again issued a neutral recommendation for the company’s shares Generac (NYSE:GNRC – Free Report) – according to MarketBeat.com, in a research note published Thursday morning. The technology company’s current stock price target is $149.00.

The GNRC has been the subject of several other research reports. Citigroup increased their target price on shares of Generac from $124.00 to $128.00 and gave the stock a Neutral rating in a report on Monday, February 12th. TD Cowen lowered their target price on shares of Generac from $165.00 to $144.00 and set an outperform rating on the stock in a report on Thursday, February 15th. Robert W. Baird raised their target price on shares of Generac from $112.00 to $129.00 and gave the stock a Neutral rating in a research note on Thursday, February 15th. Canaccord Genuity Group raised their target price on shares of Generac from $140.00 to $150.00 and gave the stock a “buy” in a research note on Friday, April 5. Finally, in a research note on Wednesday, Oppenheimer downgraded Generac shares from an “outperform” rating to a “market perform” rating. One of the equity market research analysts rated the company’s shares with a sell recommendation, ten of them issued a hold recommendation, and thirteen gave the company’s shares a buy recommendation. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $142.15.

Read our latest report on Generac

Generac turnover drops by 5.0%

NYSE:GNRC began trading on Thursday at $144.14. The company’s 50-day moving average price is $132.26 and its 200-day moving average price is $123.03. Generac has a 52-week low of $79.86 and a 52-week high of $156.95. The company has a quick ratio of 0.97, a current ratio of 2.29 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $8.74 billion, a price-to-earnings ratio of 39.71, a PEG ratio of 2.08 and a beta of 1.41.

Generac (NYSE:GNRC – Get Free Report) last released its earnings results on Wednesday, May 1st. The technology company reported $0.88 earnings per share (EPS) for the quarter, which topped the consensus estimate of $0.72 by $0.16. Generac had a net margin of 5.68% and a return on equity of 14.68%. The company had revenue of $889.27 million for the quarter, compared to analyst expectations of $886.60 million. During the same quarter last year, the company reported earnings per share of $0.63. The company’s quarterly revenue increased 0.2% year-over-year. Equity research analysts expect Generac to post an average of 6.08 earnings per share in the current fiscal year.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $139.95 for a total value of $699,750.00. Following the sale, the CEO now directly owns 587,177 shares of the company’s stock, valued at approximately $82,175,421.15. The sale was disclosed in a legal document filed with the SEC, which can be accessed through this hyperlink. In other Generac news, CEO Nam Tran Nguyen sold 546 Generac shares on Monday, May 13. The shares were sold at an average price of $140.55 for a total value of $76,740.30. Following the completion of the transaction, the director now directly owns 3,512 shares of the company’s stock, valued at approximately $493,611.60. The sale was disclosed in a filing with the Securities and Exchange Commission, available at this link. Additionally, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock on Wednesday, May 1. The shares were sold at an average price of $139.95, for a total transaction amount of $699,750.00. Following the completion of the transaction, the CEO now directly owns 587,177 shares of the company’s stock, valued at $82,175,421.15. The announcement of this sale can be found here. Over the last ninety days, insiders have sold 10,546 shares of company stock worth $1,411,190. Insiders own 2.80% of the company’s shares.

Hedge funds criticize Generac

Institutional investors and hedge funds have recently made changes to their position in the industry. Stevens Capital Management LP acquired a new position in shares of Generac during the fourth quarter worth $916,000. Duality Advisers LP acquired a new position in shares of Generac during the fourth quarter worth approximately $964,000. Versor Investments LP acquired a new position in shares of Generac during the fourth quarter worth approximately $452,000. Ninety One UK Ltd increased its holdings in shares of Generac by 13.4% during the fourth quarter. Ninety One UK Ltd now owns 476,897 shares of the technology company’s stock valued at $61,634,000 after purchasing an additional 56,169 shares during the period. Finally, the Alaska Department of Revenue increased its holdings in shares of Generac by 273.7% during the fourth quarter. The Alaska Department of Revenue now owns 27,636 shares of the technology company’s stock valued at $3,571,000 after purchasing an additional 20,240 shares during the period. 84.04% of the shares are held by hedge funds and other institutional investors.

Generac company profile

(Get the free report)

Generac Holdings Inc designs, manufactures and distributes a variety of energy technology products and solutions worldwide. The company offers residential automatic standby generators, automatic transfer transfer, air-cooled residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home backup generators; residential energy storage solution consisting of a battery system, inverter, photovoltaic optimizers, electronic power controllers and other components; smart home solutions such as smart thermostats and a suite of home monitoring products.

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