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

Generac Holdings Inc. (NYSE:GNRC - Get Free Report) saw 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 trading volume of 1,040,000 shares, the short-interest ratio is presently 3.3 days. Currently, 5.9% of the company's stock are short sold.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $115.22, for a total transaction of $576,100.00. Following the transaction, the chief executive officer now directly owns 577,690 shares in the company, valued at approximately $66,561,441.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Generac

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Generac by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 6,770,488 shares of the technology company's stock valued at $2,012,595,000 after purchasing an additional 130,854 shares in the last quarter. Ariel Investments LLC raised its position in shares of Generac by 14.9% in the third quarter. Ariel Investments LLC now owns 2,010,344 shares of the technology company's stock valued at $219,047,000 after buying an additional 261,050 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Generac by 9.9% in the third quarter. Invesco Ltd. now owns 1,633,226 shares of the technology company's stock worth $177,956,000 after buying an additional 147,523 shares in the last quarter. Geode Capital Management LLC grew its stake in Generac by 2.2% during the 1st quarter. Geode Capital Management LLC now owns 1,310,063 shares of the technology company's stock valued at $141,176,000 after acquiring an additional 28,211 shares in the last quarter. Finally, Macquarie Group Ltd. grew its stake in Generac by 61.8% during the 1st quarter. Macquarie Group Ltd. now owns 1,244,286 shares of the technology company's stock valued at $134,395,000 after acquiring an additional 475,104 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Generac Price Performance

NYSE GNRC traded up $0.58 during trading hours on Tuesday, reaching $129.09. The company's stock had a trading volume of 929,531 shares, compared to its average volume of 1,019,564. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 39.24, a P/E/G ratio of 1.74 and a beta of 1.45. The company's 50-day moving average is $120.60 and its two-hundred day moving average is $115.29. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.27 and a quick ratio of 0.94. Generac has a 1-year low of $79.86 and a 1-year high of $156.95.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The technology company reported $2.07 EPS for the quarter, missing analysts' consensus estimates of $2.09 by ($0.02). Generac had a net margin of 5.33% and a return on equity of 14.15%. The business had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter last year, the firm earned $1.78 earnings per share. The firm's quarterly revenue was up 1.4% compared to the same quarter last year. On average, equities analysts predict that Generac will post 6.3 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Citigroup upped their price target on shares of Generac from $124.00 to $128.00 and gave the company a "neutral" rating in a research note on Monday, February 12th. OTR Global upgraded Generac from a "mixed" rating to a "positive" rating in a research note on Tuesday, April 2nd. Canaccord Genuity Group lifted their price target on Generac from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday, April 5th. UBS Group cut 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. Finally, Robert W. Baird lifted their target price on Generac from $112.00 to $129.00 and gave the stock a "neutral" rating in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Generac currently 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.