BidaskClub upgraded shares of Generac Holdlings Inc. (NYSE:GNRC) from a hold rating to a buy rating in a research report report published on Tuesday.

Several other brokerages have also issued reports on GNRC. TheStreet raised shares of Generac Holdlings from a c+ rating to a b- rating in a research note on Wednesday, September 27th. KeyCorp raised shares of Generac Holdlings from a sector weight rating to an overweight rating and set a $55.00 target price on the stock in a research note on Monday. Bank of America Corporation raised shares of Generac Holdlings from a neutral rating to a buy rating and raised their target price for the company from $45.00 to $50.00 in a research note on Friday, September 15th. Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Generac Holdlings in a research note on Friday, September 8th. Finally, Canaccord Genuity reissued a hold rating and set a $42.00 price objective (up previously from $40.00) on shares of Generac Holdlings in a research note on Friday, September 8th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Generac Holdlings has a consensus rating of Buy and an average price target of $47.60.

Generac Holdlings (NYSE:GNRC) traded up 0.62% on Tuesday, reaching $49.03. 364,884 shares of the company’s stock were exchanged. Generac Holdlings has a 12 month low of $33.77 and a 12 month high of $49.11. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 29.29 and a beta of 1.41. The firm has a 50-day moving average of $42.67 and a 200-day moving average of $37.82.

Generac Holdlings (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. Generac Holdlings had a net margin of 7.00% and a return on equity of 46.60%. The firm had revenue of $395.40 million for the quarter, compared to analyst estimates of $383.14 million. During the same quarter in the prior year, the firm earned $0.64 EPS. The company’s revenue was up 7.6% on a year-over-year basis. On average, equities analysts expect that Generac Holdlings will post $2.98 earnings per share for the current year.

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In other Generac Holdlings news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $35.68, for a total transaction of $178,400.00. Following the sale, the chief executive officer now directly owns 1,044,911 shares in the company, valued at approximately $37,282,424.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 15,000 shares of company stock worth $619,400 over the last 90 days. Corporate insiders own 3.00% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. WFG Advisors LP raised its holdings in shares of Generac Holdlings by 20.1% in the second quarter. WFG Advisors LP now owns 9,949 shares of the technology company’s stock valued at $359,000 after purchasing an additional 1,668 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Generac Holdlings by 10.6% in the second quarter. Public Employees Retirement System of Ohio now owns 5,873 shares of the technology company’s stock valued at $212,000 after purchasing an additional 565 shares during the last quarter. Sterneck Capital Management LLC raised its holdings in shares of Generac Holdlings by 17.9% in the second quarter. Sterneck Capital Management LLC now owns 42,340 shares of the technology company’s stock valued at $1,530,000 after purchasing an additional 6,440 shares during the last quarter. State Street Corp raised its holdings in shares of Generac Holdlings by 5.1% in the second quarter. State Street Corp now owns 1,241,485 shares of the technology company’s stock valued at $44,855,000 after purchasing an additional 60,746 shares during the last quarter. Finally, Gotham Asset Management LLC raised its holdings in shares of Generac Holdlings by 2.1% in the second quarter. Gotham Asset Management LLC now owns 55,250 shares of the technology company’s stock valued at $1,996,000 after purchasing an additional 1,111 shares during the last quarter. Institutional investors own 96.60% of the company’s stock.

Generac Holdlings Company Profile

Generac Holdings Inc (Generac) is a designer and manufacturer of power generation equipment and other engine powered products. The Company serves the residential, light commercial, industrial, oil and gas, and construction markets. Its segments include Domestic and International. The Domestic segment includes the Generac business.

Analyst Recommendations for Generac Holdlings (NYSE:GNRC)

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