Brown Advisory Inc. Purchases 67,180 Shares of Generac Holdings Inc. (NYSE:GNRC)

Brown Advisory Inc. increased its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 9.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 812,259 shares of the technology company's stock after buying an additional 67,180 shares during the quarter. Brown Advisory Inc. owned 1.36% of Generac worth $102,873,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GNRC. Charles Schwab Investment Management Inc. lifted its stake in Generac by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 557,986 shares of the technology company's stock worth $86,516,000 after purchasing an additional 2,015 shares during the period. Atria Investments Inc lifted its stake in Generac by 19.1% during the fourth quarter. Atria Investments Inc now owns 2,828 shares of the technology company's stock worth $438,000 after purchasing an additional 453 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Generac in the fourth quarter valued at approximately $4,568,000. Raymond James Financial Inc. bought a new position in shares of Generac in the fourth quarter valued at approximately $46,785,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Generac by 2.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,242 shares of the technology company's stock valued at $2,208,000 after acquiring an additional 357 shares during the last quarter. Institutional investors own 84.04% of the company's stock.

Generac Stock Down 0.9%

NYSE GNRC traded down $1.33 on Friday, reaching $150.66. The company had a trading volume of 661,653 shares, compared to its average volume of 865,347. The firm has a market capitalization of $8.90 billion, a price-to-earnings ratio of 26.25, a price-to-earnings-growth ratio of 1.36 and a beta of 1.72. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.89 and a current ratio of 1.97. Generac Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $195.94. The company's fifty day moving average is $130.67 and its 200-day moving average is $134.53.

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

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $142.40, for a total transaction of $712,000.00. Following the sale, the chief executive officer directly owned 562,966 shares of the company's stock, valued at $80,166,358.40. The trade was a 0.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 2.70% of the stock is owned by company insiders.

Analyst Ratings Changes

GNRC has been the subject of a number of research analyst reports. Janney Montgomery Scott upgraded shares of Generac from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 7th. Robert W. Baird cut their target price on shares of Generac from $171.00 to $127.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Canaccord Genuity Group dropped their price objective on shares of Generac from $200.00 to $180.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Wall Street Zen upgraded shares of Generac from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. Finally, Piper Sandler dropped their price objective on shares of Generac from $175.00 to $155.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock presently 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.