Is Generac Holdings Incorporated (NYSE:GNRC)’s Fuel Running High? Reports Show Less Sellers

January 20, 2018 - By Marguerite Chambers

 Is Generac Holdings Incorporated (NYSE:GNRC)’s Fuel Running High? Reports Show Less Sellers

Investors sentiment increased to 1.42 in 2017 Q3. Its up 0.68, from 0.74 in 2017Q2. It is positive, as 18 investors sold Generac Holdings Inc. shares while 63 reduced holdings. 57 funds opened positions while 58 raised stakes. 58.60 million shares or 1.34% more from 57.82 million shares in 2017Q2 were reported.
Parallax Volatility Advisers Lp owns 4,200 shares. State Board Of Administration Of Florida Retirement Systems holds 44,888 shares or 0.01% of its portfolio. Catawba Cap Va holds 6,320 shares. California Pub Employees Retirement System holds 201,053 shares. Ubs Asset Management Americas stated it has 388,025 shares. Trexquant Inv Limited Partnership has invested 0.17% in Generac Holdings Inc. (NYSE:GNRC). James Research Inc holds 0.07% or 43,300 shares in its portfolio. First Trust L P owns 0.02% invested in Generac Holdings Inc. (NYSE:GNRC) for 172,338 shares. Schwab Charles Investment accumulated 452,324 shares. Beach Inv Counsel Pa invested in 0.03% or 6,647 shares. Ahl Prtn Llp has 0.2% invested in Generac Holdings Inc. (NYSE:GNRC) for 248,557 shares. Jpmorgan Chase accumulated 1.98M shares. Barrow Hanley Mewhinney & Strauss holds 60,238 shares. Morgan Stanley reported 491,155 shares stake. Mutual Of America Capital Management Lc reported 0.06% stake.

Since August 1, 2017, it had 0 insider purchases, and 4 insider sales for $1.60 million activity.

The stock of Generac Holdings Incorporated (NYSE:GNRC) registered a decrease of 0.66% in short interest. GNRC’s total short interest was 4.56M shares in January as published by FINRA. Its down 0.66% from 4.59M shares, reported previously. With 455,900 shares average volume, it will take short sellers 10 days to cover their GNRC’s short positions. The short interest to Generac Holdings Incorporated’s float is 7.46%.

The stock increased 2.44% or $1.23 during the last trading session, reaching $51.64. About 473,944 shares traded or 7.42% up from the average. Generac Holdings Inc. (NYSE:GNRC) has risen 0.51% since January 20, 2017 and is uptrending. It has underperformed by 16.19% the S&P500.

Generac Holdings Inc. designs, manufactures, and sells power generation equipment and other engine powered products for the residential, light commercial, and industrial markets worldwide. The company has market cap of $3.21 billion. The firm offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel. It has a 27.15 P/E ratio. It also provides residential automatic standby generators ranging in output from 6kW to 60kW; air-cooled engine residential standby generators ranging from 6kW to 20kW; liquid-cooled engine generators with outputs ranging from 22kW to 60kW; cellular remote monitoring system for home standby generators; and industrial diesel generators ranging in sizes up to 3,250kW.

Generac Holdings Inc. (NYSE:GNRC) Ratings Coverage

Among 10 analysts covering Generac Holdings (NYSE:GNRC), 3 have Buy rating, 0 Sell and 7 Hold. Therefore 30% are positive. Generac Holdings had 28 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Overweight” rating by KeyBanc Capital Markets given on Monday, October 2. The firm has “Buy” rating by Bank of America given on Friday, September 15. The firm has “Neutral” rating given on Tuesday, November 3 by Suntrust Robinson. Oppenheimer maintained Generac Holdings Inc. (NYSE:GNRC) on Thursday, August 3 with “Hold” rating. Robert W. Baird maintained the shares of GNRC in report on Wednesday, October 4 with “Buy” rating. Bank of America maintained it with “Buy” rating and $56 target in Monday, October 23 report. The company was upgraded on Thursday, October 29 by Bank of America. The firm earned “Hold” rating on Friday, September 8 by KeyBanc Capital Markets. The firm has “Hold” rating given on Thursday, August 3 by Stifel Nicolaus. The firm earned “Hold” rating on Friday, November 3 by Canaccord Genuity.

More news for Generac Holdings Inc. (NYSE:GNRC) were recently published by: Seekingalpha.com, which released: “Generac Holdings (GNRC) Q3 2017 Results – Earnings Call Transcript” on November 01, 2017. Seekingalpha.com‘s article titled: “Generac Holdings (GNRC) Q2 2017 Results – Earnings Call Transcript” and published on August 02, 2017 is yet another important article.

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