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

Generac Holdings Inc. (NYSE:GNRC - Get Free Report) saw a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 2,620,000 shares, a decrease of 11.8% from the November 15th total of 2,970,000 shares. Currently, 4.5% of the shares of the stock are short sold. Based on an average trading volume of 859,800 shares, the short-interest ratio is currently 3.0 days.

Analyst Ratings Changes

GNRC has been the subject of a number of recent research reports. Robert W. Baird cut their target price on Generac from $187.00 to $181.00 and set a "neutral" rating for the company in a research note on Friday, November 1st. The Goldman Sachs Group upped their price objective on shares of Generac from $148.00 to $193.00 and gave the company a "buy" rating in a report on Friday, November 1st. Stifel Nicolaus lifted their target price on shares of Generac from $185.00 to $210.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Piper Sandler increased their price target on shares of Generac from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. Finally, Truist Financial raised their price target on shares of Generac from $170.00 to $210.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Generac currently has an average rating of "Moderate Buy" and an average target price of $175.30.

Generac Stock Down 3.7 %

NYSE:GNRC traded down $6.37 during midday trading on Friday, reaching $167.25. The company had a trading volume of 1,042,999 shares, compared to its average volume of 933,671. The stock's fifty day simple moving average is $177.48 and its 200-day simple moving average is $157.46. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. Generac has a 12-month low of $108.89 and a 12-month high of $195.94. The firm has a market capitalization of $9.95 billion, a price-to-earnings ratio of 34.70, a PEG ratio of 2.09 and a beta of 1.39.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, topping analysts' consensus estimates of $1.98 by $0.27. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Generac had a return on equity of 16.70% and a net margin of 7.17%. The business's revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.64 earnings per share. On average, sell-side analysts anticipate that Generac will post 6.84 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Rajendra Kumar Kanuru sold 3,187 shares of Generac stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total value of $585,069.46. Following the sale, the executive vice president now directly owns 10,738 shares of the company's stock, valued at $1,971,282.04. The trade was a 22.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO York A. Ragen sold 29,081 shares of the stock in a transaction on 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 directly owns 135,613 shares of the company's stock, valued at approximately $25,051,789.49. This represents a 17.66 % 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 worth $7,584,853. Company insiders own 2.90% of the company's stock.

Institutional Investors Weigh In On Generac

A number of hedge funds and other institutional investors have recently modified their holdings of GNRC. Sunbelt Securities Inc. raised its position in shares of Generac by 97.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company's stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Generac during the third quarter worth approximately $31,000. SouthState Corp purchased a new stake in shares of Generac during the 3rd quarter worth approximately $32,000. Capital Advisors Ltd. LLC boosted its holdings in shares of Generac by 611.1% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company's stock valued at $34,000 after buying an additional 220 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of Generac by 73.5% in the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company's stock valued at $36,000 after buying an additional 97 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

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.

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