Universal Beteiligungs und Servicegesellschaft mbH Buys New Stake in Generac Holdings Inc. (NYSE:GNRC)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Generac Holdings Inc. (NYSE:GNRC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 25,065 shares of the technology company's stock, valued at approximately $3,886,000.

A number of other hedge funds have also recently made changes to their positions in GNRC. Norges Bank bought a new position in Generac during the 4th quarter worth approximately $90,913,000. Boston Partners grew its holdings in shares of Generac by 39.0% in the fourth quarter. Boston Partners now owns 1,903,297 shares of the technology company's stock worth $295,123,000 after purchasing an additional 533,612 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Generac by 81.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company's stock valued at $161,684,000 after buying an additional 469,575 shares during the last quarter. Jennison Associates LLC boosted its position in Generac by 133.6% during the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company's stock valued at $104,227,000 after buying an additional 384,434 shares during the period. Finally, Forest Avenue Capital Management LP bought a new stake in Generac in the 4th quarter worth $49,313,000. 84.04% of the stock is currently owned by institutional investors.

Generac Stock Performance

NYSE GNRC traded up $6.92 during trading hours on Tuesday, hitting $127.56. The company's stock had a trading volume of 1,106,425 shares, compared to its average volume of 840,763. 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 company has a market cap of $7.54 billion, a P/E ratio of 23.62, a price-to-earnings-growth ratio of 1.44 and a beta of 1.73. The company's 50 day simple moving average is $118.21 and its two-hundred day simple moving average is $141.87. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share (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 the consensus estimate of $921.78 million. Generac had a return on equity of 18.17% and a net margin of 7.36%. The company's revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the business posted $0.88 EPS. As a group, sell-side analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Janney Montgomery Scott upgraded Generac from a "neutral" rating to a "buy" rating in a report on Wednesday, May 7th. TD Cowen cut their price target on shares of Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Citigroup upgraded shares of Generac from a "neutral" rating to a "buy" rating and decreased their price objective for the stock from $162.00 to $138.00 in a report on Thursday, April 17th. Piper Sandler cut their target price on shares of Generac from $175.00 to $155.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, Bank of America initiated coverage on shares of Generac in a research note on Monday, March 24th. They issued a "buy" rating and a $182.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $168.37.

About Generac

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.