TD Asset Management Inc. trimmed its position in Generac Holdings Inc. (NYSE:GNRC – Get Rating) by 1.5% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 20,857 shares of the technology company's stock after selling 316 shares during the period. TD Asset Management Inc.'s holdings in Generac were worth $3,632,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the company. Artisan Partners Limited Partnership lifted its holdings in Generac by 92.8% during the second quarter. Artisan Partners Limited Partnership now owns 1,692,209 shares of the technology company's stock worth $356,345,000 after acquiring an additional 814,325 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in Generac by 652.3% during the second quarter. Macquarie Group Ltd. now owns 487,017 shares of the technology company's stock worth $102,556,000 after acquiring an additional 422,280 shares in the last quarter. Veritas Investment Partners UK Ltd. bought a new position in Generac during the second quarter worth about $67,051,000. Champlain Investment Partners LLC lifted its holdings in Generac by 19.5% during the second quarter. Champlain Investment Partners LLC now owns 1,293,350 shares of the technology company's stock worth $272,354,000 after acquiring an additional 211,470 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Generac by 5.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 3,393,799 shares of the technology company's stock worth $714,666,000 after acquiring an additional 185,898 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors.
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Insider Activity at Generac
In related news, Director Robert D. Dixon purchased 2,000 shares of the business's stock in a transaction that occurred on Monday, December 5th. The stock was acquired at an average cost of $97.27 per share, for a total transaction of $194,540.00. Following the completion of the purchase, the director now owns 8,895 shares in the company, valued at approximately $865,216.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.80% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several analysts have issued reports on the company. Cowen dropped their price target on Generac from $179.00 to $157.00 in a research note on Thursday, November 3rd. Piper Sandler dropped their price target on Generac from $305.00 to $210.00 and set an "overweight" rating on the stock in a research note on Monday, October 17th. The Goldman Sachs Group dropped their price target on Generac from $406.00 to $346.00 and set a "buy" rating on the stock in a research note on Friday, October 14th. Argus downgraded Generac from a "buy" rating to a "hold" rating in a research note on Friday, November 25th. Finally, Truist Financial dropped their price target on Generac from $225.00 to $170.00 and set a "buy" rating on the stock in a research note on Tuesday, October 25th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Generac presently has an average rating of "Hold" and an average target price of $226.05.
Generac Trading Down 6.5 %
Shares of GNRC stock opened at $122.44 on Monday. The company has a current ratio of 2.09, a quick ratio of 0.80 and a debt-to-equity ratio of 0.55. The stock has a market cap of $7.76 billion, a P/E ratio of 18.41, a price-to-earnings-growth ratio of 1.68 and a beta of 1.19. The stock has a 50 day simple moving average of $103.89 and a 200 day simple moving average of $155.75. Generac Holdings Inc. has a 1 year low of $86.29 and a 1 year high of $329.50.
Generac Company Profile
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Generac Holdings, Inc engages in the design and manufacture of power generation equipment and other power products. It operates through the following segments: Domestic and International. The Domestic segment includes the legacy Generac, and the impact of acquisitions that are based in the U.S. and Canada.
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