Brevan Howard Capital Management LP Buys 19,114 Shares of Generac Holdings Inc. (NYSE:GNRC)

Brevan Howard Capital Management LP boosted its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 244.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,922 shares of the technology company's stock after purchasing an additional 19,114 shares during the quarter. Brevan Howard Capital Management LP's holdings in Generac were worth $4,174,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Barclays PLC grew its stake in shares of Generac by 41.4% in the 3rd quarter. Barclays PLC now owns 185,193 shares of the technology company's stock valued at $29,425,000 after buying an additional 54,202 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Generac in the third quarter valued at approximately $51,000. Synovus Financial Corp bought a new stake in shares of Generac during the third quarter valued at approximately $300,000. Franklin Resources Inc. raised its position in shares of Generac by 106.1% during the third quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company's stock worth $4,998,000 after purchasing an additional 14,811 shares during the period. Finally, Retirement Systems of Alabama lifted its holdings in shares of Generac by 0.8% in the 3rd quarter. Retirement Systems of Alabama now owns 13,476 shares of the technology company's stock worth $2,141,000 after purchasing an additional 105 shares in the last quarter. 84.04% of the stock is owned by institutional investors.

Generac Stock Performance

Shares of Generac stock traded up $0.51 during trading hours on Friday, reaching $121.10. The company had a trading volume of 561,834 shares, compared to its average volume of 848,629. The firm has a market cap of $7.22 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 1.44 and a beta of 1.73. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $195.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. The business has a fifty day simple moving average of $120.57 and a 200 day simple moving average of $148.33.

Generac (NYSE:GNRC - Get Free Report) last issued its earnings results on Wednesday, April 30th. The technology company reported $1.26 EPS for the quarter, topping the consensus estimate of $0.99 by $0.27. Generac had a return on equity of 18.17% and a net margin of 7.36%. The business had revenue of $942.12 million during the quarter, compared to the consensus estimate of $921.78 million. During the same quarter last year, the company earned $0.88 EPS. The firm's revenue was up 5.9% compared to the same quarter last year. On average, analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on GNRC shares. Piper Sandler lowered their price objective on shares of Generac from $175.00 to $155.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Citigroup upgraded shares of Generac from a "neutral" rating to a "buy" rating and lowered their target price for the stock from $162.00 to $138.00 in a report on Thursday, April 17th. TD Securities cut their price target on Generac from $173.00 to $155.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Robert W. Baird lowered their price objective on Generac from $171.00 to $127.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Finally, Bank of America started coverage on Generac in a research report on Monday, March 24th. They set a "buy" rating and a $182.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $167.20.

Generac Company Profile

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.