TD Asset Management Inc Sells 11,679 Shares of Generac Holdings Inc. (NYSE:GNRC)

TD Asset Management Inc decreased its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 52.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,559 shares of the technology company's stock after selling 11,679 shares during the period. TD Asset Management Inc's holdings in Generac were worth $1,337,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Nebula Research & Development LLC bought a new stake in Generac in the fourth quarter worth about $3,638,000. Pinebridge Investments L.P. raised its position in shares of Generac by 28.1% in the fourth quarter. Pinebridge Investments L.P. now owns 68,993 shares of the technology company's stock valued at $10,697,000 after purchasing an additional 15,147 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Generac by 19.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,311 shares of the technology company's stock valued at $929,000 after purchasing an additional 1,195 shares during the period. Sequoia Financial Advisors LLC bought a new stake in shares of Generac in the first quarter valued at approximately $245,000. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of Generac by 15.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 25,520 shares of the technology company's stock valued at $3,232,000 after purchasing an additional 3,345 shares during the period. Institutional investors own 84.04% of the company's stock.

Generac Trading Down 0.6%

NYSE:GNRC opened at $193.57 on Monday. The company has a fifty day moving average of $142.00 and a 200 day moving average of $134.31. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $197.18. The company has a quick ratio of 0.88, a current ratio of 2.00 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $11.44 billion, a P/E ratio of 32.15, a P/E/G ratio of 1.56 and a beta of 1.68.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.33 by $0.32. Generac had a net margin of 7.91% and a return on equity of 19.14%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the business earned $1.35 EPS. The company's revenue for the quarter was up 6.3% on a year-over-year basis. On average, research analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $142.40, for a total value of $712,000.00. Following the completion of the transaction, the chief executive officer directly owned 562,966 shares in the company, valued at approximately $80,166,358.40. This represents a 0.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.70% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on GNRC shares. Robert W. Baird lowered their price target on shares of Generac from $171.00 to $127.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Piper Sandler lowered their price target on shares of Generac from $175.00 to $155.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Stephens reaffirmed an "overweight" rating and set a $175.00 price objective on shares of Generac in a research note on Tuesday, May 27th. Guggenheim raised shares of Generac from a "neutral" rating to a "buy" rating and set a $190.00 price objective for the company in a research note on Tuesday, July 29th. Finally, TD Securities reduced their price objective on shares of Generac from $173.00 to $155.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, Generac currently has an average rating of "Moderate Buy" and a consensus target price of $174.28.

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.

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