Company shares are trading at $52.09 a tad above the 50 day moving average which is $48.21 and impressively higher than the 200 day moving average of $39.62. The 50 day moving average moved up $3.88 whereas the 200 day average was up by +31.47%. (NYSE:GNRC) shares saw heavy trading volume with 564K shares changing hands in the last trading session. Trading volume was up 14.16% over the stocks average daily volume.
Traders are feeling more bearish recently as shown by the increase in short interest. The firm experienced a rise in short interest from September 29, 2017 to October 13, 2017 of 2.17%. Short shares increased 104,779 over that timeframe. With short interest at 4,938,996 and short average daily volume at 480,530, the short-interest ratio is 10.0 and the percentage of shorted shares is 0.08% as of October 13.
The following firms have recently changed their position in GNRC. As of the end of the quarter Nationwide Fund Advisors had sold 12,754 shares trimming its stake by 15.1%. The value of the investment in GNRC went from $3,055,000 to $3,298,000 a change of 8.0% quarter to quarter. First Trust Advisors Lp downsized its stake by shedding 14,259 shares a decrease of 7.6% in the quarter. First Trust Advisors Lp currently owns 172,338 shares worth $7,915,000. The total value of its holdings increased 17.4%.
Aperio Group, LLC reduced its position by selling 57 shares a decrease of 1.0%. Aperio Group, LLC now holds 5,811 shares valued at $267,000. The value of the position overall is up by 21.9%. Northwest Investment Counselors, LLC augmented its ownership by buying 250 shares an increase of 1.4% as of 09/30/2017. Northwest Investment Counselors, LLC owns 18,239 shares with a value of $838,000. The value of the position overall is up by 28.9%.
On September 7, 2017 the stock rating was changed to “Neutral” by Bank of America which was a boost from the previous “Buy” rating. September 11 investment analysts at Canaccord Genuity maintained a company rating of “Hold” but moved up the price target to $42.00 from $35.00.
On September 15 the company was set at “Buy” according to a Bank of America report which is up from the previous “Neutral” rating. On October 2 the stock rating was upgraded to “Overweight” from “Overweight” in a statement from KeyBanc.
On October 26 Canaccord Genuity made no change to the company rating of “Hold” but raised the price target from $42.00 to $50.00.
The P/E ratio is 31.12 and the market cap is 3.24B. As of the last earnings report the EPS was $1.67 and is expected to be $3.02 for the current year with 62,151,000 shares currently outstanding. Next quarter’s EPS is estimated at $1.05 and the next full year EPS is projected to be $3.33.
Generac Holdings Inc. (Generac), launched on September 12, 2006, is a designer and manufacturer of a range of power generation equipment and other engine powered products. The Company serves the residential, light commercial, industrial, oil and gas, and construction markets. Its segments include Domestic and International. The Domestic segment includes the Generac business. The International segment includes the Ottomotores UK, Tower Light SRL and PR Industrial S.r.l acquisitions. The other engine powered products that the Company designs and manufactures include light towers, which provide temporary lighting for various end markets; commercial and industrial mobile heaters used in the oil and gas, construction and other industrial markets, and a product line of outdoor power equipment for residential and commercial use..