Brevan Howard Capital Management LP Sells 4,865 Shares of Generac Holdings Inc. $GNRC

Brevan Howard Capital Management LP lessened its holdings in Generac Holdings Inc. (NYSE:GNRC) by 17.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,377 shares of the technology company’s stock after selling 4,865 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Generac were worth $3,746,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of GNRC. California Public Employees Retirement System raised its holdings in shares of Generac by 4.6% during the 3rd quarter. California Public Employees Retirement System now owns 109,032 shares of the technology company’s stock worth $18,252,000 after buying an additional 4,786 shares in the last quarter. Bank of Nova Scotia boosted its stake in Generac by 15.0% in the third quarter. Bank of Nova Scotia now owns 4,079 shares of the technology company’s stock valued at $683,000 after buying an additional 531 shares in the last quarter. American Trust Investment Advisors LLC bought a new position in Generac in the third quarter valued at about $207,000. Aquatic Capital Management LLC bought a new position in Generac in the third quarter valued at about $1,630,000. Finally, Algert Global LLC raised its stake in Generac by 5.0% during the third quarter. Algert Global LLC now owns 47,207 shares of the technology company’s stock worth $7,902,000 after acquiring an additional 2,250 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

Insider Buying and Selling at Generac

In other news, CFO York A. Ragen sold 24,362 shares of Generac stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $235.61, for a total value of $5,739,930.82. Following the completion of the transaction, the chief financial officer directly owned 137,182 shares of the company’s stock, valued at approximately $32,321,451.02. This trade represents a 15.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on GNRC shares. Canaccord Genuity Group set a $275.00 target price on shares of Generac in a report on Thursday, February 12th. Barclays lifted their price target on shares of Generac from $186.00 to $213.00 and gave the company an “equal weight” rating in a report on Thursday, February 12th. Guggenheim reiterated a “neutral” rating and set a $202.00 price objective on shares of Generac in a research report on Tuesday, February 10th. Zacks Research upgraded shares of Generac from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 19th. Finally, Robert W. Baird set a $292.00 target price on shares of Generac in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $222.06.

Generac Trading Up 0.9%

NYSE:GNRC opened at $202.36 on Tuesday. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $241.09. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.00 and a current ratio of 2.03. The firm’s fifty day moving average is $192.25 and its 200-day moving average is $174.40. The firm has a market cap of $11.87 billion, a P/E ratio of 75.51, a P/E/G ratio of 1.46 and a beta of 1.74.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, February 11th. The technology company reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.20). The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.16 billion. Generac had a return on equity of 14.55% and a net margin of 3.79%.Generac’s quarterly revenue was down 11.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.80 EPS. Equities analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current year.

Generac Company Profile

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.