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

Generac Holdings Inc. (NYSE:GNRC) was the recipient 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. Based on an average daily volume of 1,040,000 shares, the short-interest ratio is currently 3.3 days. Approximately 5.9% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. UBS Group dropped their price objective on Generac from $160.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, February 15th. OTR Global upgraded shares of Generac from a “mixed” rating to a “positive” rating in a research report on Tuesday, April 2nd. Robert W. Baird boosted their price objective on shares of Generac from $112.00 to $129.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Citigroup increased their target price on shares of Generac from $124.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. Finally, Guggenheim lowered shares of Generac from a “buy” rating to a “neutral” rating in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $140.80.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 592,177 shares of the company’s stock, valued at approximately $75,170,948.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Generac

Several institutional investors and hedge funds have recently bought and sold shares of GNRC. Meiji Yasuda Life Insurance Co increased its stake in shares of Generac by 3.4% in the first quarter. Meiji Yasuda Life Insurance Co now owns 1,448 shares of the technology company’s stock worth $430,000 after buying an additional 48 shares during the period. Vident Investment Advisory LLC increased its position in shares of Generac by 3.3% in the first quarter. Vident Investment Advisory LLC now owns 2,099 shares of the technology company’s stock valued at $622,000 after acquiring an additional 68 shares during the period. Peregrine Asset Advisers Inc. raised its stake in shares of Generac by 1.6% during the fourth quarter. Peregrine Asset Advisers Inc. now owns 5,600 shares of the technology company’s stock valued at $724,000 after acquiring an additional 90 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Generac by 7.5% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,294 shares of the technology company’s stock worth $272,000 after purchasing an additional 90 shares during the period. Finally, American International Group Inc. grew its stake in shares of Generac by 0.6% in the fourth quarter. American International Group Inc. now owns 16,550 shares of the technology company’s stock worth $2,139,000 after purchasing an additional 93 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors.

Generac Price Performance

Shares of Generac stock opened at $130.25 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 2.27. Generac has a 52-week low of $79.86 and a 52-week high of $156.95. The company has a fifty day moving average of $120.92 and a 200-day moving average of $115.54. The stock has a market capitalization of $7.85 billion, a price-to-earnings ratio of 39.59, a price-to-earnings-growth ratio of 1.70 and a beta of 1.45.

Generac (NYSE:GNRC) last posted its quarterly 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). The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Generac had a net margin of 5.33% and a return on equity of 14.15%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.78 earnings per share. Equities research analysts expect that Generac will post 6.3 EPS for the current year.

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.