Generac Holdlings Inc. (NYSE:GNRC) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Friday.

Other analysts also recently issued reports about the stock. KeyCorp reissued a “hold” rating on shares of Generac Holdlings in a report on Sunday, September 10th. Zacks Investment Research raised shares of Generac Holdlings from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Stifel Nicolaus reissued a “hold” rating and set a $41.00 price target on shares of Generac Holdlings in a report on Thursday, August 3rd. Wolfe Research began coverage on shares of Generac Holdlings in a report on Tuesday, July 11th. They set a “market perform” rating on the stock. Finally, ValuEngine raised shares of Generac Holdlings from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Generac Holdlings currently has an average rating of “Hold” and an average target price of $44.67.

Shares of Generac Holdlings (NYSE GNRC) traded up 4.91% during mid-day trading on Friday, hitting $45.28. 2,011,527 shares of the stock traded hands. The firm has a 50 day moving average of $39.05 and a 200 day moving average of $37.07. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 27.05 and a beta of 1.39. Generac Holdlings has a 12 month low of $33.77 and a 12 month high of $45.61.

Generac Holdlings (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 the consensus estimate of $383.14 million. During the same period in the prior year, the firm posted $0.64 earnings per share. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities analysts expect that Generac Holdlings will post $2.96 EPS for the current fiscal year.

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In other Generac Holdlings news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 1,044,911 shares of the company’s stock, valued at $37,282,424.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 15,000 shares of company stock worth $563,100. Insiders own 3.00% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. lifted its holdings in Generac Holdlings by 51.8% during the first quarter. Victory Capital Management Inc. now owns 3,269 shares of the technology company’s stock valued at $122,000 after purchasing an additional 1,116 shares in the last quarter. Invictus RG lifted its holdings in Generac Holdlings by 940.9% during the first quarter. Invictus RG now owns 3,893 shares of the technology company’s stock valued at $145,000 after purchasing an additional 3,519 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Generac Holdlings by 93.6% during the first quarter. Envestnet Asset Management Inc. now owns 4,813 shares of the technology company’s stock valued at $179,000 after purchasing an additional 2,327 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Generac Holdlings by 10.6% during 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 in the last quarter. Finally, Karp Capital Management Corp purchased a new position in Generac Holdlings during the first quarter valued at $219,000. 96.64% of the stock is currently owned by institutional investors and hedge funds.

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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