Townsend & Associates Inc Buys 1,571 Shares of Generac Holdings Inc. (NYSE:GNRC)

by · The Cerbat Gem

Townsend & Associates Inc boosted its position in shares of Generac Holdings Inc. (NYSE:GNRC – Free Report) by 1.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 109,766 shares of the technology company’s stock after purchasing an additional 1,571 shares during the quarter. Generac comprises about 1.9% of Townsend & Associates Inc’s portfolio, making the stock its 21st biggest position. Townsend & Associates Inc owned 0.18% of Generac worth $18,241,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Duncker Streett & Co. Inc. raised its stake in Generac by 2.4% in the second quarter. Duncker Streett & Co. Inc. now owns 2,932 shares of the technology company’s stock worth $388,000 after buying an additional 68 shares in the last quarter. Empirical Finance LLC grew its position in shares of Generac by 4.5% in the 1st quarter. Empirical Finance LLC now owns 1,748 shares of the technology company’s stock worth $220,000 after buying an additional 75 shares during the last quarter. Johnson Investment Counsel Inc. raised its stake in shares of Generac by 0.3% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 22,549 shares of the technology company’s stock worth $2,981,000 after acquiring an additional 75 shares in the last quarter. EntryPoint Capital LLC lifted its position in Generac by 73.2% during the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock valued at $27,000 after acquiring an additional 90 shares during the last quarter. Finally, Mather Group LLC. boosted its stake in Generac by 6.5% in the third quarter. Mather Group LLC. now owns 1,528 shares of the technology company’s stock valued at $243,000 after acquiring an additional 93 shares in the last quarter. 84.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GNRC has been the subject of several analyst reports. Scotiabank increased their price objective on Generac from $147.00 to $160.00 and gave the company a “sector perform” rating in a report on Monday, July 29th. Robert W. Baird decreased their price target on Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Roth Mkm boosted their price target on Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Citigroup increased their price objective on shares of Generac from $128.00 to $172.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company upped their price target on shares of Generac from $139.00 to $156.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $169.10.

Check Out Our Latest Analysis on Generac

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total value of $794,650.00. Following the completion of the sale, the chief executive officer now owns 562,177 shares of the company’s stock, valued at approximately $89,346,790.61. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total transaction of $585,069.46. Following the completion of the sale, the executive vice president now owns 10,738 shares in the company, valued at $1,971,282.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total value of $794,650.00. Following the sale, the chief executive officer now directly owns 562,177 shares of the company’s stock, valued at approximately $89,346,790.61. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,268 shares of company stock worth $7,584,853 over the last three months. Insiders own 2.90% of the company’s stock.

Generac Stock Performance

NYSE:GNRC opened at $189.35 on Friday. The company has a fifty day moving average of $159.83 and a two-hundred day moving average of $149.91. Generac Holdings Inc. has a fifty-two week low of $101.15 and a fifty-two week high of $190.42. The stock has a market capitalization of $11.27 billion, a PE ratio of 39.28, a P/E/G ratio of 2.25 and a beta of 1.37. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03.

Generac (NYSE:GNRC – Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, topping the consensus estimate of $1.98 by $0.27. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Generac had a return on equity of 16.70% and a net margin of 7.17%. Generac’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.64 EPS. As a group, research analysts forecast that Generac Holdings Inc. will post 6.8 earnings per share for the current fiscal year.

About Generac

(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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