Toronto Dominion Bank Decreases Stake in Generac Holdings Inc. (NYSE:GNRC)

Toronto Dominion Bank lowered its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 18.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hurley Capital LLC bought a new position in shares of Generac in the fourth quarter worth $26,000. Bank of Jackson Hole Trust purchased a new stake in shares of Generac in the fourth quarter valued at $31,000. Quadrant Capital Group LLC increased its holdings in shares of Generac by 61.7% in 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 period. Spire Wealth Management grew its holdings in shares of Generac by 203.6% during the 4th quarter. Spire Wealth Management now owns 252 shares of the technology company's stock valued at $39,000 after acquiring an additional 169 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its stake in shares of 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 buying an additional 84 shares in the last quarter. 84.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on GNRC shares. Bank of America initiated coverage on shares of Generac in a research note on Monday, March 24th. They issued a "buy" rating and a $182.00 price objective on the stock. Guggenheim raised shares of Generac from a "sell" rating to a "neutral" rating in a research note on Monday, March 17th. Robert W. Baird lowered their price target on Generac from $171.00 to $127.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. TD Securities reduced their target price 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. Finally, UBS Group upped their price target on Generac from $200.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $165.95.

Generac Stock Up 2.0%

Shares of GNRC stock traded up $2.52 on Tuesday, hitting $126.07. The stock had a trading volume of 723,652 shares, compared to its average volume of 845,064. 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 $7.45 billion, a price-to-earnings ratio of 23.35, a price-to-earnings-growth ratio of 1.44 and a beta of 1.73. The business has a 50 day moving average of $119.32 and a 200 day moving average of $144.16. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97.

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, topping the consensus estimate of $0.99 by $0.27. The business had revenue of $942.12 million for the quarter, compared to analysts' expectations of $921.78 million. Generac had a return on equity of 18.17% and a net margin of 7.36%. The business's revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.88 earnings per share. As a group, analysts expect that Generac Holdings Inc. will post 8 EPS for the current year.

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.