Generac Holdings Inc. (NYSE:GNRC) Short Interest Down 8.2% in September

Generac Holdings Inc. (NYSE:GNRC) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totalling 2,590,000 shares, a drop of 8.2% from the August 31st total of 2,820,000 shares. Approximately 4.4% of the shares of the stock are sold short. Based on an average daily volume of 857,700 shares, the short-interest ratio is currently 3.0 days.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Janney Montgomery Scott lowered Generac from a “buy” rating to a “neutral” rating and upped their target price for the company from $126.00 to $154.00 in a report on Thursday, June 13th. StockNews.com raised shares of Generac from a “hold” rating to a “buy” rating in a research note on Friday, September 20th. Robert W. Baird upped their target price on Generac from $142.00 to $163.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Stephens reissued an “overweight” rating and set a $200.00 price target on shares of Generac in a research report on Monday, August 5th. Finally, The Goldman Sachs Group upped their price objective on Generac from $129.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $154.71.

Hedge Funds Weigh In On Generac

Several institutional investors and hedge funds have recently modified their holdings of GNRC. Treasurer of the State of North Carolina increased its position in Generac by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 26,973 shares of the technology company’s stock worth $3,486,000 after purchasing an additional 260 shares during the last quarter. Bank of Nova Scotia raised its position in Generac by 1,350.9% during the fourth quarter. Bank of Nova Scotia now owns 32,559 shares of the technology company’s stock valued at $4,208,000 after acquiring an additional 30,315 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Generac during the fourth quarter valued at approximately $578,000. KBC Group NV lifted its stake in Generac by 108.1% in the fourth quarter. KBC Group NV now owns 15,850 shares of the technology company’s stock valued at $2,049,000 after acquiring an additional 8,235 shares during the last quarter. Finally, Royal London Asset Management Ltd. grew its position in Generac by 2.2% in the fourth quarter. Royal London Asset Management Ltd. now owns 23,932 shares of the technology company’s stock worth $3,093,000 after acquiring an additional 507 shares in the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Generac Trading Down 0.4 %

Shares of NYSE:GNRC traded down $0.69 during mid-day trading on Tuesday, hitting $158.19. The stock had a trading volume of 914,031 shares, compared to its average volume of 958,815. Generac has a 12-month low of $79.86 and a 12-month high of $169.57. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.99 and a current ratio of 2.25. The company has a market cap of $9.59 billion, a PE ratio of 43.50, a P/E/G ratio of 1.88 and a beta of 1.38. The company’s 50 day moving average is $148.56 and its 200-day moving average is $141.47.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, July 31st. The technology company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.15. The company had revenue of $998.20 million for the quarter, compared to the consensus estimate of $1 billion. Generac had a return on equity of 15.35% and a net margin of 6.03%. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.08 EPS. On average, sell-side analysts predict that Generac will post 6.5 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.