Investors Buy High Volume of Call Options on Generac (NYSE:GNRC)

Generac Holdings Inc. (NYSE:GNRC) was the recipient of some unusual options trading on Tuesday. Stock traders purchased 14,495 call options on the company. This represents an increase of approximately 71% compared to the average volume of 8,490 call options.

Insider Buying and Selling at Generac

In other news, EVP Rajendra Kumar Kanuru sold 250 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $120.23, for a total transaction of $30,057.50. Following the sale, the executive vice president now directly owns 16,118 shares in the company, valued at $1,937,867.14. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Rajendra Kumar Kanuru sold 250 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $120.23, for a total transaction of $30,057.50. Following the sale, the executive vice president now directly owns 16,118 shares in the company, valued at $1,937,867.14. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $108.24, for a total value of $541,200.00. Following the completion of the transaction, the chief executive officer now directly owns 597,690 shares in the company, valued at $64,693,965.60. The disclosure for this sale can be found here. Insiders have sold a total of 10,500 shares of company stock worth $1,199,468 over the last 90 days. Insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GNRC. Bartlett & Co. LLC bought a new position in shares of Generac during the 3rd quarter worth $26,000. Parkside Financial Bank & Trust lifted its holdings in Generac by 158.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 248 shares of the technology company’s stock worth $27,000 after purchasing an additional 152 shares in the last quarter. Zions Bancorporation N.A. lifted its holdings in Generac by 85.7% during the 2nd quarter. Zions Bancorporation N.A. now owns 182 shares of the technology company’s stock worth $27,000 after purchasing an additional 84 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in Generac during the 1st quarter worth about $28,000. Finally, Castleview Partners LLC purchased a new stake in Generac during the 1st quarter worth about $30,000. Institutional investors own 87.59% of the company’s stock.

Generac Stock Up 2.2 %

Shares of NYSE:GNRC opened at $84.07 on Wednesday. The company has a market capitalization of $5.23 billion, a PE ratio of 34.88, a price-to-earnings-growth ratio of 1.54 and a beta of 1.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.43 and a quick ratio of 0.89. The business has a fifty day moving average price of $105.68 and a two-hundred day moving average price of $116.57. Generac has a 1 year low of $79.86 and a 1 year high of $156.95.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, August 2nd. The technology company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.08). The firm had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $979.51 million. Generac had a return on equity of 14.23% and a net margin of 4.64%. The firm’s revenue was down 22.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.99 EPS. Analysts forecast that Generac will post 5.32 earnings per share for the current year.

Analysts Set New Price Targets

GNRC has been the topic of a number of recent analyst reports. Canaccord Genuity Group cut their price objective on Generac from $175.00 to $140.00 and set a “buy” rating on the stock in a research note on Thursday, August 3rd. Argus raised Generac from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a research note on Tuesday, July 11th. Janney Montgomery Scott raised Generac from a “neutral” rating to a “buy” rating in a research note on Friday, August 4th. Citigroup dropped their price target on Generac from $133.00 to $124.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 18th. Finally, Scotiabank dropped their price target on Generac from $165.00 to $135.00 and set a “sector perform” rating on the stock in a research note on Friday, September 22nd. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Generac has a consensus rating of “Hold” and a consensus target price of $141.17.

Generac Company Profile

Generac Holdings Inc designs, manufactures, and sells power generation equipment, energy storage systems, energy management devices and solutions, and other power products for the residential, light commercial, and industrial markets worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; residential storage solution consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; Mobile Link, a remote monitoring system for home standby generators; smart home solutions, such as smart thermostats and a suite of home monitoring products; smart water heater controllers; residential clean energy solutions; and portable and inverter generators; outdoor power equipment, including trimmers, field and brush mowers, log splitters, stump grinders, chipper shredders, lawn and leaf vacuums, and pressure washers and water pumps; and battery-powered turf care products.