Townsquare Capital LLC Purchases 99 Shares of Generac Holdings Inc. (NYSE:GNRC)

Townsquare Capital LLC increased its position in Generac Holdings Inc. (NYSE:GNRC) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,209 shares of the technology company’s stock after acquiring an additional 99 shares during the quarter. Townsquare Capital LLC’s holdings in Generac were worth $498,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Generac in the fourth quarter worth about $90,913,000. Boston Partners increased its position in 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 during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Generac by 81.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company’s stock worth $161,684,000 after buying an additional 469,575 shares during the last quarter. Jennison Associates LLC boosted its position in shares of Generac by 133.6% in the fourth quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock valued at $104,227,000 after acquiring an additional 384,434 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Generac in the fourth quarter worth $46,785,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Price Performance

Shares of GNRC stock opened at $111.59 on Friday. The stock’s fifty day moving average is $128.27 and its 200-day moving average is $153.57. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $195.94. The stock has a market capitalization of $6.65 billion, a PE ratio of 20.66, a PEG ratio of 1.44 and a beta of 1.58.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. Equities research analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GNRC. Stifel Nicolaus reduced their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Piper Sandler decreased their target price on Generac from $175.00 to $155.00 and set an “overweight” rating on the stock in a research report on Thursday. Wells Fargo & Company cut their price target on Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. UBS Group lifted 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, Bank of America started coverage on Generac in a research note on Monday, March 24th. They issued a “buy” rating and a $182.00 target price for the company. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Generac has a consensus rating of “Moderate Buy” and a consensus price target of $173.40.

Insider Buying and Selling

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Monday, February 3rd. The stock was 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 trade represents a 0.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.90% of the stock is currently owned by corporate insiders.

About Generac

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.