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

Brown Advisory Inc. lowered its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 11.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 745,079 shares of the technology company's stock after selling 97,711 shares during the period. Brown Advisory Inc. owned approximately 1.25% of Generac worth $115,524,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of GNRC. MetLife Investment Management LLC grew its holdings in shares of Generac by 0.5% during the 4th quarter. MetLife Investment Management LLC now owns 17,004 shares of the technology company's stock valued at $2,636,000 after acquiring an additional 77 shares in the last quarter. Alaethes Wealth LLC increased its position in Generac by 0.7% in the 4th quarter. Alaethes Wealth LLC now owns 11,721 shares of the technology company's stock worth $1,817,000 after purchasing an additional 78 shares during the last quarter. Allworth Financial LP raised its stake in shares of Generac by 3.0% during the 4th quarter. Allworth Financial LP now owns 2,738 shares of the technology company's stock worth $435,000 after purchasing an additional 80 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Generac by 42.0% during the 4th quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company's stock valued at $44,000 after buying an additional 84 shares during the last quarter. Finally, Wedbush Securities Inc. grew its stake in shares of Generac by 3.9% in the 4th quarter. Wedbush Securities Inc. now owns 2,235 shares of the technology company's stock valued at $347,000 after buying an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on GNRC. Stifel Nicolaus decreased their target price on shares of Generac from $200.00 to $195.00 and set a "buy" rating for the company in a research report on Thursday. Citigroup upgraded Generac from a "neutral" rating to a "buy" rating and cut their target price for the company from $162.00 to $138.00 in a report on Thursday, April 17th. The Goldman Sachs Group decreased their price target on Generac from $193.00 to $168.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Truist Financial reduced their target price on Generac from $210.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Finally, UBS Group boosted their price objective on shares of Generac from $200.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Nine analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Generac has a consensus rating of "Moderate Buy" and a consensus price target of $167.20.

Generac Stock Up 1.6 %

Shares of NYSE GNRC opened at $114.45 on Monday. The business has a fifty day moving average of $122.07 and a two-hundred day moving average of $149.47. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $195.94. The stock has a market cap of $6.82 billion, a PE ratio of 21.19, a PEG ratio of 1.44 and a beta of 1.73.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.27. The firm had revenue of $942.12 million during the quarter, compared to the consensus estimate of $921.78 million. Generac had a net margin of 7.36% and a return on equity of 18.17%. The firm's quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm posted $0.88 EPS. As a group, equities research analysts expect that Generac Holdings Inc. will post 8 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.

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