Brevan Howard Capital Management LP Has $3.75 Million Holdings in Generac Holdings Inc. $GNRC

Brevan Howard Capital Management LP trimmed its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 17.9% during the third quarter, Holdings Channel.com reports. 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 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of GNRC. NewEdge Advisors LLC lifted its position in shares of Generac by 6.2% during the 1st quarter. NewEdge Advisors LLC now owns 2,439 shares of the technology company’s stock valued at $309,000 after acquiring an additional 142 shares during the period. Woodline Partners LP grew its holdings in Generac by 40.9% in the first quarter. Woodline Partners LP now owns 5,036 shares of the technology company’s stock worth $638,000 after purchasing an additional 1,463 shares during the period. Allworth Financial LP increased its stake in Generac by 4.1% in the second quarter. Allworth Financial LP now owns 2,738 shares of the technology company’s stock valued at $392,000 after purchasing an additional 108 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its stake in Generac by 5.6% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 22,210 shares of the technology company’s stock valued at $3,181,000 after purchasing an additional 1,170 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Generac by 6.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,490 shares of the technology company’s stock valued at $2,075,000 after purchasing an additional 858 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insider Activity at Generac

In other news, CFO York A. Ragen sold 24,362 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 137,182 shares of the company’s stock, valued at $32,321,451.02. This represents a 15.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

GNRC has been the topic of a number of research analyst reports. Zacks Research raised shares of Generac from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 19th. Needham & Company LLC assumed coverage on Generac in a research report on Monday, January 12th. They issued a “buy” rating and a $211.00 target price for the company. Stifel Nicolaus set a $235.00 price target on Generac in a research note on Thursday, February 12th. Guggenheim reiterated a “neutral” rating and issued a $202.00 price target on shares of Generac in a report on Tuesday, February 10th. Finally, Robert W. Baird set a $292.00 price objective on Generac in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $222.06.

Generac Trading Up 0.9%

NYSE:GNRC opened at $202.36 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.03 and a quick ratio of 1.00. The firm has a 50-day moving average of $192.25 and a 200-day moving average of $174.40. The company has a market cap of $11.87 billion, a PE ratio of 75.51, a PEG ratio of 1.46 and a beta of 1.74. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $241.09.

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