Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank cut its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 34.9% during the 3rd quarter, Holdings Channel reports. The firm owned 15,109 shares of the technology company’s stock after selling 8,105 shares during the period. Toronto Dominion Bank’s holdings in Generac were worth $2,401,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of GNRC. Sunbelt Securities Inc. grew its holdings in Generac by 97.1% during the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after acquiring an additional 100 shares during the period. Brooklyn Investment Group bought a new position in shares of Generac during the 3rd quarter valued at about $31,000. SouthState Corp acquired a new position in shares of Generac in the 3rd quarter worth approximately $32,000. Capital Advisors Ltd. LLC grew its stake in shares of Generac by 611.1% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock worth $34,000 after purchasing an additional 220 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Generac by 73.5% in the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock worth $36,000 after purchasing an additional 97 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

Insider Activity at Generac

In related news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total value of $585,069.46. Following the sale, the executive vice president now owns 10,738 shares of the company’s stock, valued at $1,971,282.04. The trade was a 22.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total transaction of $794,650.00. Following the transaction, the chief executive officer now owns 562,177 shares of the company’s stock, valued at approximately $89,346,790.61. This represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,268 shares of company stock worth $7,584,853 over the last three months. Company insiders own 2.90% of the company’s stock.

Generac Trading Down 3.7 %

Shares of Generac stock opened at $167.25 on Monday. Generac Holdings Inc. has a 1 year low of $108.89 and a 1 year high of $195.94. The company’s fifty day simple moving average is $177.48 and its 200-day simple moving average is $157.46. The company has a market cap of $9.95 billion, a price-to-earnings ratio of 34.70, a PEG ratio of 2.09 and a beta of 1.39. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.27. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the business posted $1.64 EPS. As a group, sell-side analysts expect that Generac Holdings Inc. will post 6.84 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on GNRC shares. StockNews.com upgraded shares of Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Barclays started coverage on Generac in a report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 target price on the stock. Robert W. Baird decreased their price target on Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. TD Cowen lifted their price target on Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Truist Financial raised their target price on shares of Generac from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.30.

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.