Lighthouse Investment Partners LLC Buys New Stake in Generac Holdings Inc. (NYSE:GNRC)

Lighthouse Investment Partners LLC purchased a new position in Generac Holdings Inc. (NYSE:GNRC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 18,000 shares of the technology company’s stock, valued at approximately $2,791,000.

Other large investors have also modified their holdings of the company. Hurley Capital LLC purchased a new stake in shares of Generac during the fourth quarter worth $26,000. Cranbrook Wealth Management LLC purchased a new stake in shares of Generac during the fourth quarter worth $28,000. Bank of Jackson Hole Trust purchased a new stake in shares of Generac during the fourth quarter worth $31,000. Quadrant Capital Group LLC increased its position in shares of Generac by 61.7% during the fourth quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company’s stock worth $35,000 after acquiring an additional 87 shares during the period. Finally, Spire Wealth Management increased its position in shares of Generac by 203.6% during the fourth quarter. Spire Wealth Management now owns 252 shares of the technology company’s stock worth $39,000 after acquiring an additional 169 shares during the period. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GNRC. Citigroup raised 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. Stifel Nicolaus lowered their target price on shares of Generac from $200.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. UBS Group boosted their target price on shares of Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Guggenheim upgraded shares of Generac from a “sell” rating to a “neutral” rating in a research note on Monday, March 17th. Finally, TD Cowen lowered their target price on shares of Generac from $173.00 to $155.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $167.20.

Generac Price Performance

Shares of NYSE:GNRC opened at $129.16 on Wednesday. The company has a 50-day simple moving average of $120.39 and a 200-day simple moving average of $147.50. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $195.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. The stock has a market capitalization of $7.63 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 1.44 and a beta of 1.73.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, April 30th. The technology company reported $1.26 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 business had revenue of $942.12 million during the quarter, compared to analysts’ expectations of $921.78 million. During the same period in the prior year, the company earned $0.88 earnings per share. The business’s revenue was up 5.9% compared to the same quarter last year. On average, analysts predict that Generac Holdings Inc. will post 8 EPS for the current year.

Generac Company 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.