Generac Holdings Inc. (NYSE:GNRC) Short Interest Down 6.5% in March

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

Generac Price Performance

GNRC traded up $0.54 during midday trading on Tuesday, reaching $129.05. 422,901 shares of the company’s stock were exchanged, compared to its average volume of 1,012,402. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 39.07, a price-to-earnings-growth ratio of 1.74 and a beta of 1.45. The company has a quick ratio of 0.94, a current ratio of 2.27 and a debt-to-equity ratio of 0.62. Generac has a one year low of $79.86 and a one year high of $156.95. The business has a 50-day simple moving average of $120.60 and a two-hundred day simple moving average of $115.29.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, February 14th. The technology company reported $2.07 EPS for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.02). The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.09 billion. Generac had a return on equity of 14.15% and a net margin of 5.33%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.78 EPS. As a group, research analysts predict that Generac will post 6.3 EPS for the current year.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $126.94, for a total transaction of $634,700.00. Following the completion of the sale, the chief executive officer now directly owns 592,177 shares in the company, valued at $75,170,948.38. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Bartlett & Co. LLC acquired a new stake in shares of Generac in the third quarter valued at approximately $26,000. ICA Group Wealth Management LLC acquired a new stake in shares of Generac in the fourth quarter valued at approximately $27,000. Headlands Technologies LLC acquired a new stake in shares of Generac in the third quarter valued at approximately $28,000. BKM Wealth Management LLC acquired a new stake in shares of Generac in the fourth quarter valued at approximately $28,000. Finally, Castleview Partners LLC acquired a new stake in shares of Generac in the first quarter valued at approximately $30,000. Institutional investors own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Canaccord Genuity Group increased their target price on shares of Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Robert W. Baird raised their price target on Generac from $112.00 to $129.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. UBS Group lowered their price target on Generac from $160.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. Guggenheim downgraded Generac from a “buy” rating to a “neutral” rating in a research report on Thursday, February 15th. Finally, Roth Mkm raised their price target on Generac from $105.00 to $118.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $140.80.

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.