Twinbeech Capital LP bought a new stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 142,257 shares of the technology company's stock, valued at approximately $22,057,000. Twinbeech Capital LP owned about 0.24% of Generac at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Nebula Research & Development LLC acquired a new position in Generac during the 4th quarter valued at $3,638,000. Pinebridge Investments L.P. raised its stake in shares of Generac by 28.1% in the 4th quarter. Pinebridge Investments L.P. now owns 68,993 shares of the technology company's stock valued at $10,697,000 after buying an additional 15,147 shares in the last quarter. Evercore Wealth Management LLC raised its stake in shares of Generac by 4.3% in the 4th quarter. Evercore Wealth Management LLC now owns 430,068 shares of the technology company's stock valued at $66,682,000 after buying an additional 17,711 shares in the last quarter. Barclays PLC raised 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 in the last quarter. Finally, Dakota Wealth Management raised its stake in shares of Generac by 59.1% in the 4th quarter. Dakota Wealth Management now owns 48,998 shares of the technology company's stock valued at $7,597,000 after buying an additional 18,197 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.
Generac Price Performance
NYSE:GNRC traded down $0.24 during mid-day trading on Friday, reaching $123.63. 541,517 shares of the company were exchanged, compared to its average volume of 845,661. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $195.94. The company has a fifty day moving average of $119.52 and a 200 day moving average of $145.17. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The stock has a market cap of $7.30 billion, a PE ratio of 22.89, a PEG ratio of 1.44 and a beta of 1.73.
Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 EPS for the quarter, topping analysts' consensus estimates of $0.99 by $0.27. Generac had a net margin of 7.36% and a return on equity of 18.17%. The firm had revenue of $942.12 million for the quarter, compared to analyst estimates of $921.78 million. During the same quarter in the prior year, the firm earned $0.88 EPS. The company's revenue was up 5.9% on a year-over-year basis. On average, research analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the stock. Bank of America assumed coverage on shares of Generac in a research note on Monday, March 24th. They issued a "buy" rating and a $182.00 price objective for the company. Wells Fargo & Company dropped their price objective on shares of Generac from $165.00 to $128.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. Citigroup upgraded shares of Generac from a "neutral" rating to a "buy" rating and dropped their price objective for the company from $162.00 to $138.00 in a research note on Thursday, April 17th. The Goldman Sachs Group dropped their price objective on shares of Generac from $193.00 to $168.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Finally, UBS Group increased their price objective on shares of Generac from $200.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Generac currently has an average rating of "Moderate Buy" and a consensus target price of $167.20.
View Our Latest Stock Analysis on Generac
Generac Profile
(
Free Report)
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.
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