Two Sigma Investments LP Decreases Stake in Generac Holdings Inc. (NYSE:GNRC)

Two Sigma Investments LP lowered its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 12.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 162,717 shares of the technology company's stock after selling 22,915 shares during the quarter. Two Sigma Investments LP owned approximately 0.27% of Generac worth $25,229,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Nebula Research & Development LLC acquired a new position in Generac in the 4th quarter valued at $3,638,000. Pinebridge Investments L.P. raised its holdings in 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 acquiring an additional 15,147 shares during the last quarter. Evercore Wealth Management LLC raised its holdings in 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 acquiring an additional 17,711 shares during the last quarter. Barclays PLC raised its holdings in 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 acquiring an additional 54,202 shares during the last quarter. Finally, Dakota Wealth Management raised its holdings in 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 acquiring an additional 18,197 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.

Generac Stock Up 2.2%

NYSE GNRC traded up $2.71 during trading hours on Tuesday, hitting $126.26. The company had a trading volume of 160,126 shares, compared to its average volume of 842,913. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $195.94. The company has a market capitalization of $7.46 billion, a price-to-earnings ratio of 23.37, a P/E/G ratio of 1.44 and a beta of 1.73. 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 firm's 50 day moving average is $119.32 and its 200 day moving average is $144.16.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $942.12 million during the quarter, compared to the consensus estimate of $921.78 million. During the same period in the prior year, the firm earned $0.88 EPS. The firm's quarterly revenue was up 5.9% compared to the same quarter last year. Sell-side 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. Janney Montgomery Scott upgraded Generac from a "neutral" rating to a "buy" rating in a report on Wednesday, May 7th. Guggenheim upgraded Generac from a "sell" rating to a "neutral" rating in a report on Monday, March 17th. TD Cowen cut their price target on Generac from $173.00 to $155.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Robert W. Baird cut their price target on Generac from $171.00 to $127.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Finally, Stephens restated an "overweight" rating and set a $175.00 price objective on shares of Generac in a report on Tuesday. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Generac currently has a consensus rating of "Moderate Buy" and a consensus target price of $165.95.

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.