Two Sigma Investments LP Sells 22,915 Shares of Generac Holdings Inc. (NYSE:GNRC)

Two Sigma Investments LP lessened its stake in Generac Holdings Inc. (NYSE:GNRC) by 12.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 162,717 shares of the technology company’s stock after selling 22,915 shares during the quarter. Two Sigma Investments LP owned 0.27% of Generac worth $25,229,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Tidal Investments LLC lifted its position in Generac by 164.2% in the 4th quarter. Tidal Investments LLC now owns 8,877 shares of the technology company’s stock valued at $1,376,000 after acquiring an additional 5,517 shares in the last quarter. State of Wyoming raised its stake in shares of Generac by 158.1% in the 4th quarter. State of Wyoming now owns 1,120 shares of the technology company’s stock valued at $174,000 after purchasing an additional 686 shares during the period. Sherbrooke Park Advisers LLC bought a new stake in shares of Generac in the fourth quarter valued at about $746,000. Redwood Investment Management LLC acquired a new position in shares of Generac during the fourth quarter worth about $1,436,000. Finally, ProShare Advisors LLC boosted its position in Generac by 31.7% during the 4th quarter. ProShare Advisors LLC now owns 11,032 shares of the technology company’s stock worth $1,711,000 after acquiring an additional 2,658 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

Generac Stock Down 3.4%

GNRC opened at $122.93 on Thursday. 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 fifty day moving average of $119.86 and a 200-day moving average of $145.90. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $195.94. The company has a market capitalization of $7.26 billion, a P/E ratio of 22.76, a P/E/G ratio of 1.44 and a beta of 1.73.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.27. The company had revenue of $942.12 million during the quarter, compared to the consensus estimate of $921.78 million. Generac had a net margin of 7.36% and a return on equity of 18.17%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.88 earnings per share. On average, equities analysts expect that Generac Holdings Inc. will post 8 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wells Fargo & Company lowered their price objective on shares of Generac from $165.00 to $128.00 and set an “equal weight” rating on the stock in a report on Thursday, May 1st. Robert W. Baird cut their price target on shares of Generac from $171.00 to $127.00 and set a “neutral” rating on the stock in a research report on Thursday, May 1st. Bank of America assumed coverage on Generac in a report on Monday, March 24th. They issued a “buy” rating and a $182.00 price objective for the company. Canaccord Genuity Group lowered their target price on Generac from $200.00 to $180.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Finally, TD Securities reduced their price target on Generac from $173.00 to $155.00 and set a “buy” rating for the company 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.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $167.20.

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.