Townsend & Associates Inc Purchases 8,138 Shares of Generac Holdings Inc. $GNRC

Townsend & Associates Inc raised its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 7.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118,887 shares of the technology company’s stock after buying an additional 8,138 shares during the quarter. Generac comprises about 1.9% of Townsend & Associates Inc’s investment portfolio, making the stock its 17th biggest holding. Townsend & Associates Inc owned about 0.20% of Generac worth $18,661,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in GNRC. Wealth Enhancement Advisory Services LLC raised its stake in Generac by 151.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 18,670 shares of the technology company’s stock valued at $2,365,000 after buying an additional 11,252 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in Generac by 22.2% during the first quarter. Exchange Traded Concepts LLC now owns 733 shares of the technology company’s stock valued at $93,000 after buying an additional 133 shares during the last quarter. QRG Capital Management Inc. raised its stake in Generac by 79.5% during the first quarter. QRG Capital Management Inc. now owns 3,441 shares of the technology company’s stock valued at $436,000 after buying an additional 1,524 shares during the last quarter. Johnson Investment Counsel Inc. purchased a new position in Generac during the first quarter valued at $254,000. Finally, Intact Investment Management Inc. purchased a new position in Generac during the first quarter valued at $76,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $167.42, for a total transaction of $837,100.00. Following the completion of the sale, the chief executive officer owned 547,966 shares of the company’s stock, valued at approximately $91,740,467.72. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.70% of the company’s stock.

Generac Stock Down 1.0%

Generac stock opened at $190.67 on Monday. The stock has a market cap of $11.19 billion, a PE ratio of 31.67, a price-to-earnings-growth ratio of 1.52 and a beta of 1.64. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.88 and a current ratio of 2.00. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $203.25. The stock has a fifty day moving average of $182.26 and a 200 day moving average of $151.08.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.32. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Generac had a return on equity of 19.14% and a net margin of 7.91%.Generac’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.35 earnings per share. Generac has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Generac Holdings Inc. will post 8 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on GNRC shares. Weiss Ratings restated a “hold (c)” rating on shares of Generac in a research note on Wednesday, October 8th. Wall Street Zen cut Generac from a “buy” rating to a “hold” rating in a research note on Sunday, September 28th. Canaccord Genuity Group decreased their price target on Generac from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Thursday, September 25th. Citigroup cut Generac from a “neutral” rating to a “negative” rating in a research note on Thursday, October 9th. Finally, Roth Capital boosted their price target on Generac from $122.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Twelve analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $185.00.

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.