Tower Research Capital LLC TRC Acquires 3,920 Shares of Generac Holdings Inc. (NYSE:GNRC)

Tower Research Capital LLC TRC boosted its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 241.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,541 shares of the technology company's stock after purchasing an additional 3,920 shares during the quarter. Tower Research Capital LLC TRC's holdings in Generac were worth $859,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. MetLife Investment Management LLC lifted its stake in shares of Generac by 0.5% in the fourth quarter. MetLife Investment Management LLC now owns 17,004 shares of the technology company's stock worth $2,636,000 after buying an additional 77 shares in the last quarter. Allworth Financial LP raised its holdings in Generac by 3.0% in the 4th quarter. Allworth Financial LP now owns 2,738 shares of the technology company's stock worth $435,000 after acquiring an additional 80 shares during the last quarter. Venturi Wealth Management LLC lifted its position in Generac by 42.0% in the 4th quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company's stock valued at $44,000 after acquiring an additional 84 shares in the last quarter. Wedbush Securities Inc. lifted its position in Generac by 3.9% in the 4th quarter. Wedbush Securities Inc. now owns 2,235 shares of the technology company's stock valued at $347,000 after acquiring an additional 84 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Generac by 61.7% during the 4th quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company's stock valued at $35,000 after purchasing an additional 87 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the completion of the transaction, the chief executive officer now owns 565,825 shares in the company, valued at approximately $82,129,498.75. This represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.90% of the company's stock.

Analysts Set New Price Targets

GNRC has been the subject of several recent analyst reports. Wells Fargo & Company decreased their price target on Generac from $175.00 to $165.00 and set an "equal weight" rating for the company in a research note on Thursday, February 13th. Robert W. Baird lowered their target price on shares of Generac from $172.00 to $171.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Piper Sandler reduced their price target on shares of Generac from $175.00 to $155.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Guggenheim upgraded shares of Generac from a "sell" rating to a "neutral" rating in a research report on Monday, March 17th. Finally, The Goldman Sachs Group cut their target price on shares of Generac from $193.00 to $168.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $173.40.

Generac Price Performance

Shares of GNRC traded up $0.53 during trading hours on Monday, reaching $113.42. 733,267 shares of the stock traded hands, compared to its average volume of 866,804. The company has a market cap of $6.76 billion, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The company's 50-day moving average price is $124.62 and its two-hundred day moving average price is $151.52. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, topping analysts' consensus estimates of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. On average, analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current year.

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.