Generac Holdings Inc. (NYSE:GNRC) Stake Raised by Brown Advisory Inc.

Brown Advisory Inc. boosted its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 9.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 812,259 shares of the technology company's stock after acquiring an additional 67,180 shares during the period. Brown Advisory Inc. owned 1.36% of Generac worth $102,873,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Generac in the fourth quarter valued at $90,913,000. Boston Partners raised its stake in shares of Generac by 39.0% in the fourth quarter. Boston Partners now owns 1,903,297 shares of the technology company's stock valued at $295,123,000 after acquiring an additional 533,612 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Generac by 81.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company's stock valued at $161,684,000 after acquiring an additional 469,575 shares in the last quarter. Forest Avenue Capital Management LP acquired a new stake in shares of Generac in the fourth quarter valued at $49,313,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Generac in the fourth quarter valued at $46,785,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Stock Up 1.9%

NYSE GNRC traded up $2.86 during trading hours on Thursday, reaching $153.78. 232,325 shares of the company traded hands, compared to its average volume of 864,301. The company has a 50 day moving average of $129.89 and a two-hundred day moving average of $134.55. The stock has a market capitalization of $9.09 billion, a PE ratio of 26.79, a PEG ratio of 1.34 and a beta of 1.72. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $195.94. The company has a current ratio of 1.97, a quick ratio of 0.89 and a debt-to-equity ratio of 0.48.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 EPS for the quarter, topping analysts' consensus estimates of $0.99 by $0.27. Generac had a return on equity of 18.90% and a net margin of 7.68%. The firm had revenue of $942.12 million during the quarter, compared to the consensus estimate of $921.78 million. During the same period in the prior year, the business earned $0.88 EPS. The firm's revenue was up 5.9% on a year-over-year basis. As a group, equities analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $142.40, for a total transaction of $712,000.00. Following the completion of the transaction, the chief executive officer owned 562,966 shares of the company's stock, valued at $80,166,358.40. This trade represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.70% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. TD Cowen dropped their target price on Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Citigroup raised Generac from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $162.00 to $138.00 in a report on Thursday, April 17th. Janney Montgomery Scott raised Generac from a "neutral" rating to a "buy" rating in a report on Wednesday, May 7th. Piper Sandler dropped their price objective on Generac from $175.00 to $155.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, Robert W. Baird dropped their price objective on Generac from $171.00 to $127.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Generac currently has an average rating of "Moderate Buy" and an average target price of $169.17.

Generac 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.