By otakuyassine3@gmail.com 
Generac Holdings Inc. (NYSE:GNRC – Get Free Report) saw a large decrease in short interest in 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. Based on an average daily volume of 859,800 shares, the days-to-cover ratio is currently 3.0 days. Approximately 4.5% of the shares of the stock are sold short.
Insider Transactions at Generac
In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $166.60, for a total transaction of $833,000.00. Following the completion of the transaction, the chief executive officer now owns 557,177 shares of the company’s stock, valued at approximately $92,825,688.20. The trade was a 0.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total transaction of $585,069.46. Following the completion of the sale, the executive vice president now owns 10,738 shares in the company, valued at approximately $1,971,282.04. The trade was a 22.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,268 shares of company stock valued at $7,584,853. 2.90% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Generac
Several large investors have recently added to or reduced their stakes in GNRC. Brooklyn Investment Group bought a new stake in shares of Generac during the 3rd quarter worth $31,000. SouthState Corp bought a new stake in Generac in the third quarter valued at approximately $32,000. Sunbelt Securities Inc. grew its holdings in shares of Generac by 97.1% in the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after purchasing an additional 100 shares during the last quarter. Blue Trust Inc. increased its stake 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 period. Finally, Capital Advisors Ltd. LLC raised its holdings 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 buying an additional 220 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.
Generac Stock Performance
Shares of GNRC traded down $2.06 during mid-day trading on Tuesday, hitting $165.11. The stock had a trading volume of 500,378 shares, compared to its average volume of 930,444. 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 firm has a market cap of $9.82 billion, a P/E ratio of 34.27, a PEG ratio of 2.09 and a beta of 1.39. Generac has a 52 week low of $108.89 and a 52 week high of $195.94. The business has a fifty day moving average price of $177.34 and a 200-day moving average price of $157.58.
Generac (NYSE:GNRC – Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, topping the consensus estimate of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the firm earned $1.64 EPS. Generac’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, equities research analysts expect that Generac will post 6.84 EPS for the current year.
Analysts Set New Price Targets
A number of brokerages recently weighed in on GNRC. Truist Financial boosted their price objective on Generac from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price target on Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Robert W. Baird dropped their price objective on shares of Generac from $187.00 to $181.00 and set a “neutral” rating for the company 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 report on Tuesday, November 19th. Finally, Citigroup upped their price target on shares of Generac from $128.00 to $172.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.30.
Read Our Latest Stock Analysis on GNRC
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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