Twin Lakes Capital Management LLC Takes Position in Generac Holdings Inc. (NYSE:GNRC)

Twin Lakes Capital Management LLC purchased a new position in shares of Generac Holdings Inc. (NYSE:GNRC) in the third quarter, Holdings Channel.com reports. The fund purchased 630 shares of the technology company’s stock, valued at approximately $257,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Kingsview Wealth Management LLC acquired a new stake in shares of Generac in the first quarter valued at about $374,000. Advisory Services Network LLC boosted its holdings in Generac by 2.6% in the first quarter. Advisory Services Network LLC now owns 10,243 shares of the technology company’s stock worth $3,354,000 after acquiring an additional 264 shares in the last quarter. Coldstream Capital Management Inc. bought a new position in Generac in the first quarter worth approximately $232,000. State of Alaska Department of Revenue raised its stake in shares of Generac by 174.5% in the second quarter. State of Alaska Department of Revenue now owns 27,039 shares of the technology company’s stock worth $11,224,000 after purchasing an additional 17,190 shares during the last quarter. Finally, Patten & Patten Inc. TN raised its stake in shares of Generac by 1,002.7% in the second quarter. Patten & Patten Inc. TN now owns 11,523 shares of the technology company’s stock worth $4,784,000 after purchasing an additional 10,478 shares during the last quarter. 88.37% of the stock is owned by institutional investors and hedge funds.

In other news, CFO York A. Ragen sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 11th. The shares were sold at an average price of $442.63, for a total value of $4,426,300.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 1st. The stock was sold at an average price of $496.95, for a total transaction of $2,484,750.00. The disclosure for this sale can be found here. Insiders have sold 20,000 shares of company stock valued at $8,923,700 over the last 90 days. 2.80% of the stock is currently owned by insiders.

Shares of GNRC stock opened at $433.15 on Friday. The firm has a market cap of $27.33 billion, a price-to-earnings ratio of 52.57, a PEG ratio of 4.52 and a beta of 0.98. The company’s 50 day moving average is $442.26 and its 200 day moving average is $412.05. The company has a quick ratio of 0.97, a current ratio of 1.89 and a debt-to-equity ratio of 0.47. Generac Holdings Inc. has a 52-week low of $202.56 and a 52-week high of $524.31.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Tuesday, November 2nd. The technology company reported $2.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.39 by ($0.04). Generac had a return on equity of 37.32% and a net margin of 15.52%. The company had revenue of $942.70 million for the quarter, compared to analyst estimates of $961.13 million. During the same quarter in the previous year, the firm posted $2.08 earnings per share. The company’s quarterly revenue was up 34.2% on a year-over-year basis. Analysts anticipate that Generac Holdings Inc. will post 9.68 EPS for the current fiscal year.

A number of analysts recently commented on GNRC shares. Truist Securities began coverage on Generac in a research report on Friday, October 15th. They set a “buy” rating and a $500.00 price target for the company. UBS Group lowered Generac from a “buy” rating to a “neutral” rating and set a $500.00 price target for the company. in a report on Wednesday, November 3rd. Robert W. Baird reissued a “buy” rating and set a $505.00 price objective on shares of Generac in a research note on Monday, October 4th. Bank of America lowered Generac from a “buy” rating to a “neutral” rating and set a $500.00 price objective for the company. in a research note on Wednesday, November 3rd. Finally, Oppenheimer lifted their price target on Generac from $500.00 to $540.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 3rd. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, Generac presently has a consensus rating of “Buy” and an average price target of $476.60.

Generac Profile

Generac Holdings, Inc engages in the design and manufacture of power generation equipment and other power products. It operates through the following segments: Domestic and International. The Domestic segment includes the legacy Generac, and the impact of acquisitions that are based in the United States.

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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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