Brown Advisory Inc. Lowers Holdings in Generac Holdings Inc. (NYSE:GNRC)

Brown Advisory Inc. trimmed its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 4.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,002,976 shares of the technology company's stock after selling 89,049 shares during the quarter. Brown Advisory Inc. owned 3.26% of Generac worth $258,865,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BKM Wealth Management LLC acquired a new stake in Generac during the 4th quarter valued at approximately $28,000. Headlands Technologies LLC bought a new position in Generac during the third quarter worth $28,000. ORG Partners LLC acquired a new position in Generac in the fourth quarter valued at $38,000. Pinnacle Bancorp Inc. boosted its position in Generac by 89.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 311 shares of the technology company's stock valued at $40,000 after acquiring an additional 147 shares during the last quarter. Finally, Operose Advisors LLC acquired a new stake in Generac during the 3rd quarter worth about $40,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on GNRC. UBS Group cut their target price on Generac from $160.00 to $150.00 and set a "buy" rating on the stock in a research report on Thursday, February 15th. Citigroup boosted their target price on shares of Generac from $124.00 to $128.00 and gave the company a "neutral" rating in a research report on Monday, February 12th. Roth Mkm raised their price target on shares of Generac from $120.00 to $135.00 and gave the stock a "neutral" rating in a report on Tuesday, April 23rd. Canaccord Genuity Group upped their price objective on shares of Generac from $140.00 to $150.00 and gave the company a "buy" rating in a report on Friday, April 5th. Finally, Canaccord Genuity Group raised their target price on Generac from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Friday, April 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $142.40.

Insiders Place Their Bets

In other Generac news, Director Nam Tran Nguyen sold 546 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $140.55, for a total transaction of $76,740.30. Following the completion of the transaction, the director now directly owns 3,512 shares of the company's stock, valued at $493,611.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $126.94, for a total value of $634,700.00. Following the sale, the chief executive officer now owns 592,177 shares of the company's stock, valued at $75,170,948.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Nam Tran Nguyen sold 546 shares of the company's stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $140.55, for a total transaction of $76,740.30. Following the sale, the director now owns 3,512 shares in the company, valued at $493,611.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,546 shares of company stock valued at $1,411,190. Company insiders own 2.80% of the company's stock.

Generac Stock Performance

Generac stock traded up $1.77 during mid-day trading on Friday, reaching $144.77. 718,371 shares of the company's stock were exchanged, compared to its average volume of 1,220,547. The firm has a market capitalization of $8.77 billion, a PE ratio of 39.88, a P/E/G ratio of 1.98 and a beta of 1.41. The company has a quick ratio of 0.97, a current ratio of 2.29 and a debt-to-equity ratio of 0.61. The business's fifty day simple moving average is $130.04 and its 200 day simple moving average is $122.11. Generac Holdings Inc. has a one year low of $79.86 and a one year high of $156.95.

Generac (NYSE:GNRC - Get Free Report) last released its earnings results on Wednesday, May 1st. The technology company reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.16. The company had revenue of $889.27 million for the quarter, compared to analysts' expectations of $886.60 million. Generac had a return on equity of 14.68% and a net margin of 5.68%. The business's revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.63 EPS. On average, sell-side analysts expect that Generac Holdings Inc. will post 6.08 earnings per share for the current year.

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.