Toronto Dominion Bank Sells 2,777 Shares of Generac Holdings Inc. (NYSE:GNRC)

Toronto Dominion Bank decreased its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 18.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,332 shares of the technology company's stock after selling 2,777 shares during the quarter. Toronto Dominion Bank's holdings in Generac were worth $1,912,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in GNRC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Generac by 1.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,456 shares of the technology company's stock valued at $1,001,000 after purchasing an additional 72 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in Generac by 0.5% during the fourth quarter. MetLife Investment Management LLC now owns 17,004 shares of the technology company's stock valued at $2,636,000 after purchasing an additional 77 shares in the last quarter. Alaethes Wealth LLC lifted its holdings in Generac by 0.7% during the fourth quarter. Alaethes Wealth LLC now owns 11,721 shares of the technology company's stock valued at $1,817,000 after purchasing an additional 78 shares in the last quarter. Allworth Financial LP lifted its holdings in Generac by 3.0% during the fourth quarter. Allworth Financial LP now owns 2,738 shares of the technology company's stock valued at $435,000 after purchasing an additional 80 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in Generac by 42.0% during the fourth quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company's stock valued at $44,000 after purchasing an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.

Generac Price Performance

GNRC traded down $0.14 during trading hours on Thursday, hitting $124.41. The company's stock had a trading volume of 110,708 shares, compared to its average volume of 840,137. The business's 50-day moving average price is $119.03 and its 200-day moving average price is $143.90. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $195.94. The stock has a market cap of $7.35 billion, a price-to-earnings ratio of 23.04, a P/E/G ratio of 1.44 and a beta of 1.73. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.99 by $0.27. Generac had a net margin of 7.36% and a return on equity of 18.17%. The business had revenue of $942.12 million for the quarter, compared to analysts' expectations of $921.78 million. During the same quarter in the previous year, the business posted $0.88 earnings per share. The business's revenue was up 5.9% compared to the same quarter last year. Sell-side analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on GNRC. Bank of America began coverage on shares of Generac in a report on Monday, March 24th. They issued a "buy" rating and a $182.00 target price on the stock. Wells Fargo & Company lowered their target price on shares of Generac from $165.00 to $128.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Janney Montgomery Scott raised shares of Generac from a "neutral" rating to a "buy" rating in a report on Wednesday, May 7th. Canaccord Genuity Group lowered their target price on shares of Generac from $200.00 to $180.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, UBS Group boosted their target price on shares of Generac from $200.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $165.95.

Generac 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.