Graham Capital Management L.P. Buys Shares of 3,724 Generac Holdings Inc. (NYSE:GNRC)

Graham Capital Management L.P. acquired a new position in Generac Holdings Inc. (NYSE:GNRC) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 3,724 shares of the technology company’s stock, valued at approximately $577,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GNRC. Nebula Research & Development LLC purchased a new position in shares of Generac during the 4th quarter valued at about $3,638,000. Pinebridge Investments L.P. grew its position in shares of Generac by 28.1% during the fourth quarter. Pinebridge Investments L.P. now owns 68,993 shares of the technology company’s stock valued at $10,697,000 after purchasing an additional 15,147 shares in the last quarter. Evercore Wealth Management LLC increased its stake in Generac by 4.3% in the 4th quarter. Evercore Wealth Management LLC now owns 430,068 shares of the technology company’s stock worth $66,682,000 after acquiring an additional 17,711 shares during the last quarter. Barclays PLC raised its stake in Generac by 41.4% during the third quarter. Barclays PLC now owns 185,193 shares of the technology company’s stock valued at $29,425,000 after purchasing an additional 54,202 shares in the last quarter. Finally, Dakota Wealth Management grew its position in Generac by 59.1% in the fourth quarter. Dakota Wealth Management now owns 48,998 shares of the technology company’s stock worth $7,597,000 after acquiring an additional 18,197 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Stock Down 0.9%

GNRC opened at $127.31 on Friday. The company has a fifty day moving average of $120.10 and a two-hundred day moving average of $146.98. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $195.94. The stock has a market capitalization of $7.52 billion, a price-to-earnings ratio of 23.58, a PEG ratio of 1.44 and a beta of 1.73. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $921.78 million. During the same quarter in the prior year, the firm posted $0.88 earnings per share. Generac’s quarterly revenue was up 5.9% on a year-over-year basis. On average, research analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current year.

Analysts Set New Price Targets

GNRC has been the topic of a number of analyst reports. TD Cowen cut their price objective on shares of Generac from $173.00 to $155.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Wells Fargo & Company cut their price target on Generac from $165.00 to $128.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 1st. Truist Financial lowered their target price on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Citigroup raised shares of Generac from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $162.00 to $138.00 in a research report on Thursday, April 17th. Finally, Stifel Nicolaus reduced their target price on Generac from $200.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $167.20.

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.