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

Toronto Dominion Bank boosted its position in shares of Generac Holdings Inc. (NYSE:GNRC – Get Rating) by 10.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,047 shares of the technology company’s stock after purchasing an additional 3,413 shares during the period. Toronto Dominion Bank owned approximately 0.06% of Generac worth $12,334,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Life Insurance Co. acquired a new position in Generac during the 4th quarter worth $784,000. Congress Wealth Management LLC DE acquired a new position in Generac during the 4th quarter worth $23,196,000. Atria Investments LLC grew its holdings in Generac by 42.4% during the 4th quarter. Atria Investments LLC now owns 4,746 shares of the technology company’s stock worth $1,670,000 after acquiring an additional 1,413 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Generac by 16.3% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 27,919 shares of the technology company’s stock worth $9,825,000 after acquiring an additional 3,922 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC grew its holdings in Generac by 9.4% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 742 shares of the technology company’s stock worth $261,000 after acquiring an additional 64 shares in the last quarter. 88.54% of the stock is owned by institutional investors and hedge funds.

In other news, CMO Russell S. Minick sold 11,389 shares of the stock in a transaction on Friday, March 4th. The stock was sold at an average price of $318.01, for a total transaction of $3,621,815.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Aaron Jagdfeld sold 34,894 shares of the stock in a transaction on Tuesday, February 1st. The shares were sold at an average price of $282.46, for a total value of $9,856,159.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 56,283 shares of company stock valued at $16,544,125. 2.80% of the stock is currently owned by corporate insiders.

Several brokerages have weighed in on GNRC. StockNews.com began coverage on shares of Generac in a report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research upgraded shares of Generac from a “sell” rating to a “hold” rating and set a $318.00 price target on the stock in a research report on Friday, February 18th. JPMorgan Chase & Co. reduced their price target on shares of Generac from $520.00 to $463.00 in a research report on Thursday, January 20th. Citigroup raised their price target on shares of Generac from $375.00 to $380.00 and gave the stock a “buy” rating in a research report on Thursday, February 17th. Finally, KeyCorp reduced their price target on shares of Generac from $500.00 to $435.00 and set an “overweight” rating on the stock in a research report on Thursday, February 17th. Three equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $462.25.

Shares of GNRC stock opened at $249.27 on Tuesday. Generac Holdings Inc. has a 12-month low of $245.40 and a 12-month high of $524.31. The firm has a market capitalization of $15.90 billion, a price-to-earnings ratio of 30.00, a price-to-earnings-growth ratio of 1.63 and a beta of 1.00. The business has a 50 day simple moving average of $298.36 and a 200 day simple moving average of $350.91. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.60 and a quick ratio of 0.66.

Generac (NYSE:GNRC – Get Rating) last issued its quarterly earnings results on Wednesday, February 16th. The technology company reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.38 by $0.13. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.02 billion. Generac had a return on equity of 34.50% and a net margin of 14.73%. The firm’s quarterly revenue was up 40.2% on a year-over-year basis. During the same period last year, the company posted $2.12 EPS. On average, equities analysts anticipate that Generac Holdings Inc. will post 11.55 EPS for the current fiscal year.

Generac Profile (Get Rating)

Generac Holdings Inc designs, manufactures, and sells power generation equipment, energy storage systems, and other power products for the residential, and light commercial and industrial markets worldwide. The company offers engines, alternators, batteries, electronic controls, steel enclosures, and other components.

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