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

Toronto Dominion Bank lowered its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 18.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & 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 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hurley Capital LLC bought a new stake in shares of Generac in the 4th quarter valued at about $26,000. Bank of Jackson Hole Trust acquired a new stake in Generac in the 4th quarter worth approximately $31,000. Quadrant Capital Group LLC raised its holdings in shares of Generac by 61.7% in the fourth quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company's stock worth $35,000 after buying an additional 87 shares during the last quarter. Spire Wealth Management increased its position in shares of Generac by 203.6% in 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 during the period. Finally, Venturi Wealth Management LLC lifted its position in Generac by 42.0% during the 4th quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company's stock worth $44,000 after acquiring an additional 84 shares during the period. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Generac Stock Up 4.9%

Shares of NYSE:GNRC traded up $5.96 during trading on Tuesday, reaching $126.60. 558,140 shares of the stock were exchanged, compared to its average volume of 858,371. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. The stock has a fifty day moving average of $118.21 and a two-hundred day moving average of $141.87. The firm has a market cap of $7.48 billion, a price-to-earnings ratio of 23.43, a price-to-earnings-growth ratio of 1.44 and a beta of 1.73. Generac Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last released its earnings results 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. The firm had revenue of $942.12 million for the quarter, compared to analysts' expectations of $921.78 million. Generac had a net margin of 7.36% and a return on equity of 18.17%. The company's quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.88 earnings per share. Research analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on GNRC shares. TD Securities lowered their target price on Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Bank of America started coverage on shares of Generac in a report on Monday, March 24th. They set a "buy" rating and a $182.00 target price for the company. UBS Group boosted their target price on shares of Generac from $200.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Stifel Nicolaus dropped their price target on shares of Generac from $200.00 to $195.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Finally, Piper Sandler cut their price target on shares of Generac from $175.00 to $155.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, Generac has a consensus rating of "Moderate Buy" and a consensus price target of $168.37.

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.