Canaccord Genuity reissued their hold rating on shares of Generac Holdlings Inc. (NYSE:GNRC) in a research note published on Friday. The brokerage currently has a $42.00 price target on the technology company’s stock, up from their previous price target of $40.00.

Several other equities research analysts have also recently weighed in on GNRC. ValuEngine cut shares of Generac Holdlings from a buy rating to a hold rating in a research report on Friday, June 2nd. BidaskClub upgraded 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 restated a hold rating and issued a $41.00 price target on shares of Generac Holdlings in a research report on Thursday, August 3rd. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $43.83.

Shares of Generac Holdlings (NYSE:GNRC) opened at 41.91 on Friday. The stock has a 50 day moving average of $38.10 and a 200-day moving average of $36.87. Generac Holdlings has a 52 week low of $33.77 and a 52 week high of $44.84. The stock has a market cap of $2.60 billion, a PE ratio of 25.04 and a beta of 1.39.

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, topping the 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 company had revenue of $395.40 million for the quarter, compared to analysts’ expectations of $383.14 million. During the same quarter in the previous year, the business posted $0.64 earnings per share. Generac Holdlings’s quarterly revenue was up 7.6% on a year-over-year basis. Equities research analysts predict that Generac Holdlings will post $2.95 earnings per share for the current fiscal year.

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In other Generac Holdlings news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s 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 owns 1,044,911 shares in the company, valued at $37,282,424.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 15,000 shares of company stock worth $563,100 in the last quarter. Company insiders own 3.00% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. WFG Advisors LP increased its position in Generac Holdlings by 20.1% during the second quarter. WFG Advisors LP now owns 9,949 shares of the technology company’s stock valued at $359,000 after acquiring an additional 1,668 shares during the last quarter. Public Employees Retirement System of Ohio increased its position 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 acquiring an additional 565 shares during the last quarter. Sterneck Capital Management LLC increased its position in Generac Holdlings by 17.9% during the second quarter. Sterneck Capital Management LLC now owns 42,340 shares of the technology company’s stock valued at $1,530,000 after acquiring an additional 6,440 shares during the last quarter. State Street Corp increased its position in Generac Holdlings by 5.1% during the second quarter. State Street Corp now owns 1,241,485 shares of the technology company’s stock valued at $44,855,000 after acquiring an additional 60,746 shares during the last quarter. Finally, Gotham Asset Management LLC increased its position in Generac Holdlings by 2.1% during the second quarter. Gotham Asset Management LLC now owns 55,250 shares of the technology company’s stock valued at $1,996,000 after acquiring an additional 1,111 shares during the last quarter. Institutional investors and hedge funds own 96.64% 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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