Today Generac Holdings Inc. Had High Bearish Options Activity

 Today Generac Holdings Inc. Had High Bearish Options Activity

In today’s session Generac Holdings Inc. (GNRC) recorded an unusually high (1,075) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious GNRC decrease. With 1,075 contracts traded and 274 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: GNRC161021P00040000 closed last at: $4 or 60% up. About 135,938 shares traded hands. Generac Holdings Inc. (NYSE:GNRC) has risen 2.68% since March 8, 2016 and is uptrending. It has underperformed by 6.64% the S&P500.

Analysts await Generac Holdings Inc. (NYSE:GNRC) to report earnings on October, 26. They expect $0.76 EPS, down 17.39% or $0.16 from last year’s $0.92 per share. GNRC’s profit will be $49.76M for 11.81 P/E if the $0.76 EPS becomes a reality. After $0.64 actual EPS reported by Generac Holdings Inc. for the previous quarter, Wall Street now forecasts 18.75% EPS growth.

Generac Holdings Inc. (NYSE:GNRC) Ratings Coverage

Out of 5 analysts covering Generac Holdings (NYSE:GNRC), 1 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 20% are positive. $40 is the highest target while $35 is the lowest. The $37.50 average target is 4.49% above today’s ($35.89) stock price. Generac Holdings has been the topic of 6 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Tuesday, November 3 by SunTrust. On Tuesday, November 3 the stock rating was initiated by Suntrust Robinson with “Neutral”. Northcoast initiated the stock with “Neutral” rating in Wednesday, December 30 report. As per Thursday, October 29, the company rating was upgraded by Bank of America. The rating was upgraded by Bank of America on Monday, March 14 to “Buy”.

According to Zacks Investment Research, “Generac Holdings Inc. is a manufacturer of backup power generation products serving residential, light commercial and industrial markets. The Company designs, engineers, manufactures, and markets a range of automatic, stationary standby, and portable generators. Generac’s power systems range in output from 800 watts to 9 megawatts and are available through a broad network of independent and industrial dealers, retailers and wholesalers. The Company offers generators fueled by natural gas, liquid propane, gasoline, diesel, and Bi-Fuel. It also provides air-cooled engines. In addition, Generac designs, manufactures, sources and modifies engines, alternators, automatic transfer switches and other components necessary for its products. The Company’s generators are fueled by natural gas, liquid propane, gasoline, diesel and Bi-Fuel (combined diesel and natural gas). Generac Holdings Inc. is headquartered in Waukesha, Wisconsin.”

Insitutional Activity: The institutional sentiment decreased to 0.64 in Q2 2016. Its down 0.20, from 0.84 in 2016Q1. The ratio dived, as 28 funds sold all Generac Holdings Inc. shares owned while 73 reduced positions. 18 funds bought stakes while 47 increased positions. They now own 68.93 million shares or 1.52% less from 69.99 million shares in 2016Q1.
Deutsche Comml Bank Ag has 0.02% invested in the company for 617,762 shares. Barclays Public Ltd Co last reported 9,994 shares in the company. Millennium Mgmt Llc accumulated 14,886 shares or 0% of the stock. Swiss Fincl Bank holds 0.01% or 112,800 shares in its portfolio. Brave Asset Mngmt has 0% invested in the company for 200 shares. Blackrock last reported 0% of its portfolio in the stock. Fmr, a Massachusetts-based fund reported 2.92M shares. Vanguard Grp Inc has 0.01% invested in the company for 4.80 million shares. Invesco Ltd holds 0.01% of its portfolio in Generac Holdings Inc. (NYSE:GNRC) for 741,871 shares. Moreover, Renaissance has 0.01% invested in Generac Holdings Inc. (NYSE:GNRC) for 211,400 shares. Strs Ohio has 6,800 shares for 0% of their US portfolio. Blackrock Advsrs Ltd Liability Corp accumulated 0.01% or 166,244 shares. Sei Company last reported 85,138 shares in the company. Proshare Advsr Limited Company holds 8,528 shares or 0% of its portfolio. Waddell Reed Fin holds 1.42 million shares or 0.1% of its portfolio.

Insider Transactions: Since May 25, 2016, the stock had 0 insider purchases, and 1 insider sale for $468,258 net activity. Ragen York A. also sold $468,258 worth of Generac Holdings Inc. (NYSE:GNRC) on Wednesday, May 25.

Generac Holdings Inc. is a designer and maker of a range of power generation equipment and other engine powered products. The company has a market cap of $2.35 billion. The Firm serves the residential, light commercial, industrial, gas and oil, and construction markets. It has a 32.74 P/E ratio. The other engine powered products that the Company creates and makes include light towers, which provide temporary lighting for various end markets; commercial and industrial mobile heaters used in the gas and oil, construction and other industrial markets, and a product line of outdoor power equipment for residential and commercial use.

GNRC Company Profile

Generac Holdings Inc. (Generac), incorporated on September 12, 2006, is a designer and maker of a range of power generation equipment and other engine powered products. The Firm serves the residential, light commercial, industrial, gas and oil, and construction markets. The other engine powered products that the Company creates and makes include light towers, which provide temporary lighting for various end markets; commercial and industrial mobile heaters used in the gas and oil, construction and other industrial markets, and a product line of outdoor power equipment for residential and commercial use. It designs, makes, sources and modifies engines, alternators, transfer switches and other components necessary for its products, which are fueled by natural gas, liquid propane, gasoline, diesel and Bi-Fuel.

More recent Generac Holdings Inc. (NYSE:GNRC) news were published by: Marketwatch.com which released: “Virtual Stock Exchange” on October 17, 2010. Also Fool.com published the news titled: “Acquisitions Powered Generac Holdings Inc.’s Earnings” on August 02, 2016. Quotes.Wsj.com‘s news article titled: “News Generac Holdings Inc.GNRC” with publication date: February 11, 2011 was also an interesting one.

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