Generac Holdings Inc. (NYSE:GNRC) Sees Significant Drop in Short Interest

Generac Holdings Inc. (NYSE:GNRC) saw a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 3,480,000 shares, a decrease of 6.5% from the March 15th total of 3,720,000 shares. Based on an average trading volume of 1,040,000 shares, the short-interest ratio is presently 3.3 days. Currently, 5.9% of the company’s stock are sold short.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. UBS Group dropped their price target on Generac from $160.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, February 15th. Roth Mkm lifted their price objective on shares of Generac from $105.00 to $118.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 6th. Guggenheim lowered shares of Generac from a “buy” rating to a “neutral” rating in a report on Thursday, February 15th. Citigroup raised their target price on Generac from $124.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. Finally, OTR Global upgraded Generac from a “mixed” rating to a “positive” rating in a research note on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, Generac presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.80.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Monday, April 1st. The shares were sold at an average price of $126.94, for a total value of $634,700.00. Following the transaction, the chief executive officer now directly owns 592,177 shares of the company’s stock, valued at $75,170,948.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Generac

Institutional investors and hedge funds have recently made changes to their positions in the business. Fairfield Bush & CO. raised its position in Generac by 83.2% during the first quarter. Fairfield Bush & CO. now owns 7,102 shares of the technology company’s stock worth $2,111,000 after acquiring an additional 3,225 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Generac by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,442 shares of the technology company’s stock worth $2,509,000 after purchasing an additional 523 shares during the last quarter. Prudential PLC purchased a new position in Generac in the 1st quarter valued at about $441,000. National Pension Service boosted its holdings in Generac by 12.8% in the 1st quarter. National Pension Service now owns 98,555 shares of the technology company’s stock worth $29,296,000 after buying an additional 11,158 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Generac by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 6,770,488 shares of the technology company’s stock worth $2,012,595,000 after buying an additional 130,854 shares in the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Generac Stock Up 0.9 %

GNRC stock opened at $130.25 on Thursday. Generac has a one year low of $79.86 and a one year high of $156.95. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 2.27. The firm’s fifty day moving average is $120.92 and its 200 day moving average is $115.54. The firm has a market cap of $7.85 billion, a PE ratio of 39.59, a P/E/G ratio of 1.70 and a beta of 1.45.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, February 14th. The technology company reported $2.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.09 by ($0.02). Generac had a return on equity of 14.15% and a net margin of 5.33%. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the company earned $1.78 earnings per share. The company’s revenue was up 1.4% compared to the same quarter last year. On average, research analysts forecast that Generac will post 6.3 EPS for the current year.

About Generac

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.