Brokerages Set Generac Holdlings Inc. (GNRC) Price Target at $41.40

Generac Holdlings Inc. (NYSE:GNRC) has been assigned an average recommendation of “Hold” from the twelve analysts that are covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $43.50.

GNRC has been the topic of several recent research reports. ValuEngine cut shares of Generac Holdlings from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub raised shares of Generac Holdlings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Zacks Investment Research cut shares of Generac Holdlings from a “hold” rating to a “sell” rating in a research report on Monday, July 10th. Wolfe Research initiated coverage on shares of Generac Holdlings in a research report on Tuesday, July 11th. They issued a “market perform” rating on the stock. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $41.00 price target on shares of Generac Holdlings in a research report on Thursday, August 3rd.

In other Generac Holdlings news, CEO Aaron Jagdfeld sold 5,000 shares of Generac Holdlings stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $40.44, for a total transaction of $202,200.00. Following the transaction, the chief executive officer now owns 1,039,911 shares of the company’s stock, valued at approximately $42,054,000.84. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders have sold 15,000 shares of company stock worth $563,100. Insiders own 3.00% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. WFG Advisors LP increased its stake in shares of Generac Holdlings by 20.1% during the 2nd quarter. WFG Advisors LP now owns 9,949 shares of the technology company’s stock worth $359,000 after purchasing an additional 1,668 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Generac Holdlings by 10.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,873 shares of the technology company’s stock worth $212,000 after purchasing an additional 565 shares during the last quarter. Sterneck Capital Management LLC increased its stake in shares of Generac Holdlings by 17.9% during the 2nd quarter. Sterneck Capital Management LLC now owns 42,340 shares of the technology company’s stock worth $1,530,000 after purchasing an additional 6,440 shares during the last quarter. State Street Corp increased its stake in shares of Generac Holdlings by 5.1% during the 2nd quarter. State Street Corp now owns 1,241,485 shares of the technology company’s stock worth $44,855,000 after purchasing an additional 60,746 shares during the last quarter. Finally, Gotham Asset Management LLC increased its stake in shares of Generac Holdlings by 2.1% during the 2nd quarter. Gotham Asset Management LLC now owns 55,250 shares of the technology company’s stock worth $1,996,000 after purchasing an additional 1,111 shares during the last quarter. Institutional investors own 96.64% of the company’s stock.

Generac Holdlings (NYSE GNRC) traded up 0.26% during mid-day trading on Wednesday, hitting $41.91. The company had a trading volume of 1,365,416 shares. The firm has a market capitalization of $2.60 billion, a PE ratio of 25.04 and a beta of 1.39. Generac Holdlings has a 12-month low of $33.77 and a 12-month high of $44.84. The company’s 50 day moving average price is $38.10 and its 200-day moving average price is $36.87.

Generac Holdlings (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $395.40 million for the quarter, compared to analysts’ expectations of $383.14 million. During the same quarter last year, the firm earned $0.64 EPS. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, analysts forecast that Generac Holdlings will post $2.95 EPS for the current fiscal year.

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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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