Generac Holdlings Inc. (NYSE:GNRC) had its target price increased by equities researchers at Canaccord Genuity from $50.00 to $54.00 in a research report issued on Thursday. The firm presently has a “hold” rating on the technology company’s stock. Canaccord Genuity’s price target suggests a potential upside of 7.57% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. TheStreet upgraded shares of Generac Holdlings from a “c+” rating to a “b-” rating in a research report on Wednesday, September 27th. KeyCorp reiterated a “hold” rating on shares of Generac Holdlings in a research report on Sunday, September 10th. BidaskClub upgraded shares of Generac Holdlings from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Zacks Investment Research upgraded shares of Generac Holdlings from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $41.00 price objective on shares of Generac Holdlings in a research report on Thursday, August 3rd. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $52.43.

Generac Holdlings (GNRC) traded down $0.14 during trading on Thursday, reaching $50.20. 546,157 shares of the company were exchanged, compared to its average volume of 561,904. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 16.29 and a beta of 1.79.

Generac Holdlings (NYSE:GNRC) last issued its earnings results on Wednesday, November 1st. The technology company reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.04. Generac Holdlings had a net margin of 7.47% and a return on equity of 47.63%. The firm had revenue of $457.25 million during the quarter, compared to analyst estimates of $420.42 million. During the same quarter in the prior year, the business earned $0.82 earnings per share. Generac Holdlings’s revenue for the quarter was up 22.5% on a year-over-year basis. sell-side analysts predict that Generac Holdlings will post 3.1 earnings per share for the current fiscal year.

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In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $52.00, for a total value of $260,000.00. Following the transaction, the chief executive officer now owns 1,029,911 shares of the company’s stock, valued at approximately $53,555,372. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 15,000 shares of company stock worth $701,000 in the last ninety days. 3.00% of the stock is currently owned by insiders.

A number of hedge funds have recently bought and sold shares of the stock. Alps Advisors Inc. purchased a new position in Generac Holdlings in the 3rd quarter worth about $498,000. Principal Financial Group Inc. increased its stake in Generac Holdlings by 23.3% in the 3rd quarter. Principal Financial Group Inc. now owns 10,559 shares of the technology company’s stock worth $485,000 after buying an additional 1,996 shares during the period. Capital Management Corp VA increased its stake in Generac Holdlings by 2.5% in the 3rd quarter. Capital Management Corp VA now owns 86,815 shares of the technology company’s stock worth $3,987,000 after buying an additional 2,095 shares during the period. Chicago Equity Partners LLC increased its stake in Generac Holdlings by 17.2% in the 3rd quarter. Chicago Equity Partners LLC now owns 26,910 shares of the technology company’s stock worth $1,236,000 after buying an additional 3,945 shares during the period. Finally, Foundry Partners LLC increased its stake in Generac Holdlings by 5.1% in the 3rd quarter. Foundry Partners LLC now owns 335,446 shares of the technology company’s stock worth $15,407,000 after buying an additional 16,314 shares during the period. 97.05% of the stock is currently owned by institutional investors.

About Generac Holdlings

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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