Generac Holdings Inc. (NYSE:GNRC) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 1,958,900 shares, a decrease of 5.1% from the June 30th total of 2,065,200 shares. Approximately 3.2% of the company’s shares are sold short. Based on an average daily trading volume, of 461,900 shares, the short-interest ratio is currently 4.2 days.

A number of equities analysts have weighed in on GNRC shares. Robert W. Baird raised shares of Generac from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $64.00 to $86.00 in a research report on Monday, July 1st. ValuEngine cut shares of Generac from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Northcoast Research raised shares of Generac from a “neutral” rating to a “buy” rating and set a $70.00 price target on the stock in a research report on Friday, May 3rd. Zacks Investment Research upgraded shares of Generac from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research note on Tuesday, August 6th. Finally, Bank of America reiterated a “buy” rating and set a $83.00 price objective (up previously from $75.00) on shares of Generac in a research note on Thursday, June 27th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $73.83.

In related news, EVP Erik Wilde sold 7,587 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $71.44, for a total value of $542,015.28. Following the completion of the sale, the executive vice president now directly owns 11,196 shares in the company, valued at approximately $799,842.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Aaron Jagdfeld sold 20,000 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $55.86, for a total value of $1,117,200.00. Following the completion of the sale, the chief executive officer now owns 681,043 shares of the company’s stock, valued at $38,043,061.98. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in Generac by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,647,288 shares of the technology company’s stock valued at $81,870,000 after buying an additional 33,794 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Generac by 35.2% during the fourth quarter. Principal Financial Group Inc. now owns 53,034 shares of the technology company’s stock valued at $2,636,000 after purchasing an additional 13,810 shares during the last quarter. Legal & General Group Plc grew its holdings in Generac by 13.8% in the 4th quarter. Legal & General Group Plc now owns 48,500 shares of the technology company’s stock worth $2,410,000 after buying an additional 5,887 shares in the last quarter. Geode Capital Management LLC grew its holdings in Generac by 8.9% in the 4th quarter. Geode Capital Management LLC now owns 775,677 shares of the technology company’s stock worth $38,550,000 after buying an additional 63,194 shares in the last quarter. Finally, Foundry Partners LLC grew its holdings in Generac by 5.5% in the 1st quarter. Foundry Partners LLC now owns 242,876 shares of the technology company’s stock worth $12,443,000 after buying an additional 12,604 shares in the last quarter. Institutional investors and hedge funds own 94.54% of the company’s stock.

Shares of NYSE:GNRC opened at $73.77 on Friday. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 2.34 and a beta of 1.23. Generac has a 1-year low of $45.43 and a 1-year high of $74.19. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.00 and a current ratio of 2.19. The company has a 50 day moving average price of $71.53 and a 200 day moving average price of $59.64.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.12. The firm had revenue of $541.90 million during the quarter, compared to analyst estimates of $538.96 million. Generac had a net margin of 12.09% and a return on equity of 38.99%. The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the business posted $1.11 EPS. On average, sell-side analysts expect that Generac will post 4.73 EPS for the current fiscal year.

About Generac

Generac Holdings Inc designs, manufactures, and sells power generation equipment and other power products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.

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