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

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

Generac Price Performance

NYSE:GNRC traded down $0.35 during midday trading on Tuesday, hitting $126.30. The company had a trading volume of 825,247 shares, compared to its average volume of 887,534. The stock’s fifty day moving average price is $139.23 and its 200-day moving average price is $157.60. Generac has a 52-week low of $122.90 and a 52-week high of $195.94. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $7.53 billion, a PE ratio of 23.39, a P/E/G ratio of 1.44 and a beta of 1.50.

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

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total transaction of $787,500.00. Following the transaction, the chief executive officer now directly owns 570,825 shares in the company, valued at approximately $89,904,937.50. The trade was a 0.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Generac

Several institutional investors and hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Generac by 1.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,456 shares of the technology company’s stock valued at $1,001,000 after acquiring an additional 72 shares in the last quarter. MetLife Investment Management LLC boosted its stake in shares of Generac by 0.5% during the 4th quarter. MetLife Investment Management LLC now owns 17,004 shares of the technology company’s stock valued at $2,636,000 after purchasing an additional 77 shares in the last quarter. Alaethes Wealth LLC increased its position in shares of Generac by 0.7% during the fourth quarter. Alaethes Wealth LLC now owns 11,721 shares of the technology company’s stock valued at $1,817,000 after buying an additional 78 shares during the period. Allworth Financial LP raised its stake in Generac by 3.0% in the fourth quarter. Allworth Financial LP now owns 2,738 shares of the technology company’s stock worth $435,000 after buying an additional 80 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in Generac by 42.0% in the fourth quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company’s stock worth $44,000 after buying an additional 84 shares during the period. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GNRC. Robert W. Baird reduced their target price on Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Wells Fargo & Company reduced their target price on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Stifel Nicolaus lowered their target price on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Citigroup cut their price target on Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Finally, Guggenheim raised shares of Generac from a “sell” rating to a “neutral” rating in a research report on Monday, March 17th. Ten equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.38.

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.