TD Waterhouse Canada Inc. Grows Stock Holdings in Generac Holdings Inc. $GNRC

TD Waterhouse Canada Inc. boosted its holdings in Generac Holdings Inc. (NYSE:GNRC) by 8.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,780 shares of the technology company’s stock after buying an additional 1,551 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Generac were worth $2,900,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GNRC. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Generac by 81.1% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock valued at $25,000 after acquiring an additional 77 shares during the last quarter. Creative Capital Management Investments LLC raised its holdings in Generac by 740.7% during the second quarter. Creative Capital Management Investments LLC now owns 227 shares of the technology company’s stock worth $33,000 after purchasing an additional 200 shares in the last quarter. Legend Financial Advisors Inc. purchased a new stake in shares of Generac during the 2nd quarter worth approximately $36,000. Colonial Trust Advisors boosted its holdings in shares of Generac by 357.1% in the 1st quarter. Colonial Trust Advisors now owns 320 shares of the technology company’s stock valued at $41,000 after buying an additional 250 shares in the last quarter. Finally, AdvisorShares Investments LLC purchased a new position in shares of Generac in the 2nd quarter valued at $44,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $166.43, for a total value of $832,150.00. Following the completion of the sale, the chief executive officer directly owned 542,966 shares of the company’s stock, valued at $90,365,831.38. This trade represents a 0.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 15,000 shares of company stock worth $2,575,300. Corporate insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on GNRC shares. Needham & Company LLC initiated coverage on Generac in a report on Wednesday, October 22nd. They set a “buy” rating and a $248.00 price objective on the stock. Canaccord Genuity Group reiterated a “buy” rating and issued a $240.00 price objective on shares of Generac in a research note on Thursday, October 30th. Wall Street Zen lowered shares of Generac from a “buy” rating to a “hold” rating in a research report on Sunday, September 28th. Barclays upped their price target on shares of Generac from $188.00 to $197.00 and gave the company an “equal weight” rating in a research report on Friday, October 31st. Finally, Roth Capital set a $184.00 price objective on shares of Generac and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $191.06.

Generac Stock Up 4.2%

GNRC stock opened at $146.13 on Friday. The stock has a market capitalization of $8.58 billion, a PE ratio of 27.83, a price-to-earnings-growth ratio of 1.53 and a beta of 1.69. The company has a fifty day moving average of $170.35 and a 200-day moving average of $160.18. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.88 and a current ratio of 2.18. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $203.25.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, October 29th. The technology company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.42). The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Generac had a return on equity of 17.63% and a net margin of 6.92%.The company’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.25 earnings per share. Generac has set its FY 2025 guidance at EPS. 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.