Generac Holdings Inc. (NYSE:GNRC) Short Interest Up 23.8% in November

Generac Holdings Inc. (NYSE:GNRC) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 2,970,000 shares, an increase of 23.8% from the October 31st total of 2,400,000 shares. Based on an average daily volume of 846,000 shares, the days-to-cover ratio is presently 3.5 days. Currently, 5.1% of the shares of the stock are sold short.

Analyst Ratings Changes

Several brokerages have recently weighed in on GNRC. Roth Mkm increased their target price on shares of Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus increased their price objective on shares of Generac from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. TD Cowen boosted their target price on Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research report on Friday, November 1st. StockNews.com upgraded Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Finally, Stephens restated an “overweight” rating and set a $200.00 price objective on shares of Generac in a report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $174.58.

Generac Trading Down 1.2 %

Shares of NYSE GNRC opened at $188.20 on Monday. The stock has a market capitalization of $11.20 billion, a P/E ratio of 39.05, a price-to-earnings-growth ratio of 2.31 and a beta of 1.37. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. The business has a fifty day moving average price of $172.92 and a 200 day moving average price of $155.42. Generac has a 1-year low of $108.89 and a 1-year high of $195.94.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the firm earned $1.64 EPS. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. Equities research analysts expect that Generac will post 6.8 EPS for the current fiscal year.

Insider Activity at Generac

In related news, CFO York A. Ragen sold 29,081 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total value of $5,372,133.13. Following the completion of the transaction, the chief financial officer now owns 135,613 shares of the company’s stock, valued at approximately $25,051,789.49. This trade represents a 17.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $166.60, for a total value of $833,000.00. Following the sale, the chief executive officer now directly owns 557,177 shares in the company, valued at $92,825,688.20. The trade was a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,268 shares of company stock valued at $7,584,853. 2.90% of the stock is owned by corporate insiders.

Institutional Trading of Generac

Institutional investors have recently made changes to their positions in the business. Sunbelt Securities Inc. raised its stake in Generac by 97.1% in the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock valued at $27,000 after buying an additional 100 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Generac in the 3rd quarter worth approximately $31,000. SouthState Corp purchased a new stake in Generac during the 3rd quarter worth approximately $32,000. Capital Advisors Ltd. LLC increased its stake in Generac by 611.1% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock valued at $34,000 after purchasing an additional 220 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Generac by 73.5% in the third quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock worth $36,000 after buying an additional 97 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

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.