Generac Holdings Inc. (NYSE:GNRC) Short Interest Update

Generac Holdings Inc. (NYSE:GNRC) saw a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 2,250,000 shares, a decrease of 22.4% from the February 28th total of 2,900,000 shares. Currently, 3.8% of the company’s stock are sold short. Based on an average trading volume of 831,100 shares, the short-interest ratio is presently 2.7 days.

Generac Trading Down 0.9 %

Generac stock traded down $1.15 during midday trading on Monday, reaching $125.95. 257,104 shares of the stock traded hands, compared to its average volume of 886,729. Generac has a 12-month low of $123.18 and a 12-month high of $195.94. The company has a 50-day simple moving average of $140.67 and a two-hundred day simple moving average of $157.80. The firm has a market cap of $7.51 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. Research analysts expect that Generac will post 8 earnings per share for the current fiscal year.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the sale, the chief executive officer now owns 565,825 shares of the company’s stock, valued at approximately $82,129,498.75. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Generac

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Hurley Capital LLC acquired a new position in Generac during the fourth quarter worth approximately $26,000. Modus Advisors LLC acquired a new position in shares of Generac during the 4th quarter worth approximately $27,000. Versant Capital Management Inc raised its position in shares of Generac by 391.9% in the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after buying an additional 145 shares during the last quarter. Cranbrook Wealth Management LLC purchased a new stake in Generac in the 4th quarter valued at about $28,000. Finally, Brooklyn Investment Group purchased a new stake in Generac during the third quarter valued at about $31,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GNRC. Truist Financial reduced their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Barclays assumed coverage on Generac in a research note on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price target for the company. Stifel Nicolaus lowered their price target on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Wells Fargo & Company decreased their target price on Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. Finally, Guggenheim raised shares of Generac from a “sell” rating to a “neutral” rating in a report on Monday, March 17th. Ten equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Generac has a consensus rating of “Moderate Buy” and a consensus price target of $174.38.

Generac Company Profile

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.