Tower Research Capital LLC TRC Increases Position in Generac Holdings Inc. (NYSE:GNRC)

Tower Research Capital LLC TRC raised its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 241.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,541 shares of the technology company's stock after purchasing an additional 3,920 shares during the period. Tower Research Capital LLC TRC's holdings in Generac were worth $859,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in Generac in the 4th quarter worth about $90,913,000. Boston Partners raised its holdings in shares of Generac by 39.0% in the 4th quarter. Boston Partners now owns 1,903,297 shares of the technology company's stock worth $295,123,000 after buying an additional 533,612 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Generac by 81.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company's stock worth $161,684,000 after acquiring an additional 469,575 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Generac by 133.6% in the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company's stock valued at $104,227,000 after buying an additional 384,434 shares during the period. Finally, Forest Avenue Capital Management LP bought a new stake in shares of Generac during the fourth quarter worth approximately $49,313,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on GNRC shares. Citigroup raised Generac from a "neutral" rating to a "buy" rating and cut their price objective for the company from $162.00 to $138.00 in a report on Thursday, April 17th. The Goldman Sachs Group dropped their price objective on Generac from $193.00 to $168.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Wells Fargo & Company dropped their target price on Generac from $165.00 to $128.00 and set an "equal weight" rating for the company in a report on Thursday. UBS Group increased their price objective on Generac from $200.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Finally, TD Cowen cut their price objective on Generac from $173.00 to $155.00 and set a "buy" rating for the company in a report on Thursday. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $167.95.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the sale, the chief executive officer now directly owns 565,825 shares of the company's stock, valued at approximately $82,129,498.75. This represents a 0.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.90% of the company's stock.

Generac Trading Up 0.1 %

NYSE:GNRC traded up $0.17 during trading hours on Thursday, reaching $114.55. 260,432 shares of the stock were exchanged, compared to its average volume of 859,771. Generac Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $195.94. The company has a market capitalization of $6.83 billion, a price-to-earnings ratio of 21.32, a PEG ratio of 1.44 and a beta of 1.58. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The business has a 50-day moving average of $123.07 and a two-hundred day moving average of $150.58.

Generac (NYSE:GNRC - Get Free Report) last released its earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share for the quarter, topping the consensus estimate 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 company's revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.88 EPS. On average, equities 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.