Generac Sees Unusually High Options Volume (NYSE:GNRC)

Generac Holdings Inc. (NYSE:GNRC) was the target of some unusual options trading activity on Tuesday. Stock investors purchased 8,833 call options on the company. This is an increase of 135% compared to the average volume of 3,753 call options.

Generac Stock Performance

GNRC traded down $2.95 during midday trading on Tuesday, hitting $170.87. 543,138 shares of the company traded hands, compared to its average volume of 960,012. The company has a quick ratio of 0.99, a current ratio of 2.25 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $10.36 billion, a PE ratio of 47.89, a price-to-earnings-growth ratio of 1.88 and a beta of 1.38. The company’s 50-day moving average is $149.25 and its 200 day moving average is $143.14. Generac has a 52 week low of $79.86 and a 52 week high of $175.69.

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

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total transaction of $794,650.00. Following the transaction, the chief executive officer now directly owns 562,177 shares of the company’s stock, valued at approximately $89,346,790.61. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Generac

A number of institutional investors and hedge funds have recently made changes to their positions in GNRC. EntryPoint Capital LLC boosted its holdings in shares of Generac by 73.2% in the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after buying an additional 90 shares during the last quarter. Sunbelt Securities Inc. boosted 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 buying an additional 100 shares during the last quarter. Capital Advisors Ltd. LLC boosted its holdings in shares of Generac by 611.1% in the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock worth $34,000 after buying an additional 220 shares during the last quarter. Quarry LP boosted its holdings in shares of Generac by 219.6% in the fourth quarter. Quarry LP now owns 294 shares of the technology company’s stock worth $38,000 after buying an additional 202 shares during the last quarter. Finally, Fairfield Financial Advisors LTD purchased a new position in shares of Generac in the second quarter worth approximately $38,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GNRC. Stephens reissued an “overweight” rating and set a $200.00 price objective on shares of Generac in a research report on Monday, August 5th. TD Cowen upped their target price on shares of Generac from $144.00 to $172.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Janney Montgomery Scott downgraded shares of Generac from a “buy” rating to a “neutral” rating and upped their target price for the stock from $126.00 to $154.00 in a research report on Thursday, June 13th. Canaccord Genuity Group upped their target price on shares of Generac from $177.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. upped their target price on shares of Generac from $149.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 16th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Generac presently has a consensus rating of “Hold” and an average target price of $154.71.

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.