Townsend & Associates Inc grew its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 100.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 103,009 shares of the technology company's stock after purchasing an additional 51,683 shares during the period. Generac makes up about 1.7% of Townsend & Associates Inc's holdings, making the stock its 26th biggest position. Townsend & Associates Inc owned approximately 0.17% of Generac worth $13,313,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the business. BKM Wealth Management LLC acquired a new stake in shares of Generac during the 4th quarter valued at approximately $28,000. Headlands Technologies LLC acquired a new position in Generac during the third quarter worth $28,000. ORG Partners LLC purchased a new stake in Generac during the fourth quarter worth $38,000. Pinnacle Bancorp Inc. grew its holdings in Generac by 89.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 311 shares of the technology company's stock valued at $40,000 after purchasing an additional 147 shares during the last quarter. Finally, Operose Advisors LLC purchased a new position in shares of Generac in the third quarter valued at $40,000. 84.04% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of brokerages recently commented on GNRC. OTR Global raised shares of Generac from a "mixed" rating to a "positive" rating in a research note on Tuesday, April 2nd. Canaccord Genuity Group upped their price objective on Generac from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, April 5th. Robert W. Baird lifted their price objective on Generac from $112.00 to $129.00 and gave the stock a "neutral" rating in a research report on Thursday, February 15th. Roth Mkm upped their target price on shares of Generac from $120.00 to $135.00 and gave the company a "neutral" rating in a report on Tuesday, April 23rd. Finally, Citigroup lifted their price target on shares of Generac from $124.00 to $128.00 and gave the stock a "neutral" rating in a report on Monday, February 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Generac currently has a consensus rating of "Moderate Buy" and a consensus target price of $142.40.
Check Out Our Latest Stock Analysis on GNRC
Generac Trading Up 1.4 %
Shares of GNRC stock traded up $1.96 during mid-day trading on Thursday, reaching $139.12. The company's stock had a trading volume of 551,767 shares, compared to its average volume of 1,089,401. The company has a quick ratio of 0.97, a current ratio of 2.29 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $8.41 billion, a PE ratio of 38.50, a price-to-earnings-growth ratio of 1.82 and a beta of 1.41. The company's 50 day simple moving average is $126.02 and its 200-day simple moving average is $119.13. Generac Holdings Inc. has a 12-month low of $79.86 and a 12-month high of $156.95.
Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.72 by $0.16. Generac had a return on equity of 14.68% and a net margin of 5.68%. The company had revenue of $889.27 million for the quarter, compared to analyst estimates of $886.60 million. During the same period last year, the company posted $0.63 earnings per share. The firm's revenue was up .2% compared to the same quarter last year. On average, research analysts predict that Generac Holdings Inc. will post 6.1 EPS for the current fiscal year.
Insider Buying and Selling
In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $139.95, for a total transaction of $699,750.00. Following the sale, the chief executive officer now owns 587,177 shares of the company's stock, valued at approximately $82,175,421.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.80% of the stock is currently owned by corporate insiders.
Generac Profile
(
Free Report)
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.
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