TD Asset Management Inc Buys 390 Shares of Generac Holdings Inc. (NYSE:GNRC)

TD Asset Management Inc lifted its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 3.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,478 shares of the technology company’s stock after buying an additional 390 shares during the quarter. TD Asset Management Inc’s holdings in Generac were worth $1,518,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. ICA Group Wealth Management LLC acquired a new stake in shares of Generac in the 4th quarter worth $27,000. EntryPoint Capital LLC boosted its holdings in shares of Generac by 73.2% in the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock valued at $27,000 after acquiring an additional 90 shares during the last quarter. Capital Advisors Ltd. LLC increased its stake in shares of Generac by 611.1% in the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock worth $34,000 after acquiring an additional 220 shares during the period. Quarry LP grew its holdings in Generac by 219.6% during the fourth quarter. Quarry LP now owns 294 shares of the technology company’s stock worth $38,000 after acquiring an additional 202 shares during the period. Finally, ORG Partners LLC purchased a new position in Generac during the second quarter valued at approximately $39,000. Institutional investors own 84.04% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. StockNews.com cut shares of Generac from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Stifel Nicolaus reiterated a “buy” rating and issued a $175.00 target price (up from $145.00) on shares of Generac in a report on Thursday, August 1st. Scotiabank lifted their target price on shares of Generac from $147.00 to $160.00 and gave the company a “sector perform” rating in a report on Monday, July 29th. Stephens restated an “overweight” rating and issued a $200.00 price target on shares of Generac in a research note on Monday, August 5th. Finally, Canaccord Genuity Group increased their target price on Generac from $177.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Generac has a consensus rating of “Hold” and a consensus target price of $154.71.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $133.39, for a total transaction of $666,950.00. Following the transaction, the chief executive officer now directly owns 577,177 shares of the company’s stock, valued at approximately $76,989,640.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.80% of the stock is currently owned by company insiders.

Generac Price Performance

Shares of NYSE:GNRC opened at $140.53 on Friday. The business’s 50 day simple moving average is $149.59 and its 200-day simple moving average is $138.46. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.25 and a quick ratio of 0.99. The firm has a market capitalization of $8.45 billion, a price-to-earnings ratio of 38.71, a price-to-earnings-growth ratio of 1.83 and a beta of 1.38. Generac Holdings Inc. has a 12 month low of $79.86 and a 12 month high of $169.57.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.15. Generac had a return on equity of 15.35% and a net margin of 6.03%. The business had revenue of $998.20 million for the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the company earned $1.08 earnings per share. The business’s revenue for the quarter was down .2% compared to the same quarter last year. As a group, equities analysts forecast that Generac Holdings Inc. will post 6.52 earnings per share for the current fiscal 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.