Twinbeech Capital LP Buys New Shares in Generac Holdings Inc. (NYSE:GNRC)

Twinbeech Capital LP purchased a new position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 142,257 shares of the technology company's stock, valued at approximately $22,057,000. Twinbeech Capital LP owned about 0.24% of Generac as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nebula Research & Development LLC purchased a new position in Generac during the fourth quarter worth about $3,638,000. Pinebridge Investments L.P. boosted its stake in Generac by 28.1% in the fourth quarter. Pinebridge Investments L.P. now owns 68,993 shares of the technology company's stock valued at $10,697,000 after acquiring an additional 15,147 shares during the last quarter. Evercore Wealth Management LLC boosted its stake in Generac by 4.3% in the fourth quarter. Evercore Wealth Management LLC now owns 430,068 shares of the technology company's stock valued at $66,682,000 after acquiring an additional 17,711 shares during the last quarter. Barclays PLC boosted its stake in Generac by 41.4% in the third quarter. Barclays PLC now owns 185,193 shares of the technology company's stock valued at $29,425,000 after acquiring an additional 54,202 shares during the last quarter. Finally, Dakota Wealth Management boosted its stake in Generac by 59.1% in the fourth quarter. Dakota Wealth Management now owns 48,998 shares of the technology company's stock valued at $7,597,000 after acquiring an additional 18,197 shares during the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on GNRC shares. UBS Group boosted their target price 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. The Goldman Sachs Group dropped their target price on shares of Generac from $193.00 to $168.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Citigroup upgraded shares of Generac from a "neutral" rating to a "buy" rating and dropped their target price for the company from $162.00 to $138.00 in a research note on Thursday, April 17th. Robert W. Baird dropped their target price on shares of Generac from $171.00 to $127.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Finally, Bank of America began coverage on shares of Generac in a research note on Monday, March 24th. They issued a "buy" rating and a $182.00 target price on the stock. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $167.20.

Generac Price Performance

Generac stock traded down $4.33 during midday trading on Wednesday, reaching $122.93. 597,384 shares of the stock were exchanged, compared to its average volume of 848,366. The company's fifty day moving average is $119.86 and its 200-day moving average is $145.90. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. The firm has a market cap of $7.26 billion, a PE ratio of 22.76, a PEG ratio of 1.44 and a beta of 1.73. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $195.94.

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

Generac 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.