Brown Advisory Inc. Trims Stock Position in Generac Holdings Inc. $GNRC

Brown Advisory Inc. reduced its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 17.6% during the fourth quarter, Holdings Channel reports. The firm owned 874,270 shares of the technology company’s stock after selling 186,405 shares during the quarter. Brown Advisory Inc.’s holdings in Generac were worth $119,224,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in GNRC. NewEdge Advisors LLC increased its position in Generac by 6.2% during the 1st quarter. NewEdge Advisors LLC now owns 2,439 shares of the technology company’s stock valued at $309,000 after purchasing an additional 142 shares during the period. Woodline Partners LP increased its position in Generac by 40.9% during the 1st quarter. Woodline Partners LP now owns 5,036 shares of the technology company’s stock valued at $638,000 after purchasing an additional 1,463 shares during the period. First Trust Advisors LP increased its position in Generac by 27.6% during the 2nd quarter. First Trust Advisors LP now owns 101,298 shares of the technology company’s stock valued at $14,507,000 after purchasing an additional 21,908 shares during the period. Cerity Partners LLC increased its position in Generac by 1.6% during the 2nd quarter. Cerity Partners LLC now owns 50,550 shares of the technology company’s stock valued at $7,239,000 after purchasing an additional 816 shares during the period. Finally, California Public Employees Retirement System increased its position in Generac by 8.6% during the 2nd quarter. California Public Employees Retirement System now owns 104,246 shares of the technology company’s stock valued at $14,929,000 after purchasing an additional 8,213 shares during the period. 84.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on GNRC. Roth Mkm reissued a “neutral” rating and set a $257.00 price objective on shares of Generac in a research report on Thursday, April 30th. Bank of America reduced their price objective on shares of Generac from $260.00 to $248.00 and set a “buy” rating on the stock in a research report on Thursday, March 26th. Stifel Nicolaus set a $275.00 target price on shares of Generac in a research report on Thursday, April 30th. Raymond James Financial set a $302.00 target price on shares of Generac in a research report on Friday, May 22nd. Finally, Robert W. Baird set a $311.00 target price on shares of Generac in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $278.65.

Insider Transactions at Generac

In related news, insider Norman P. Taffe sold 550 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $272.26, for a total value of $149,743.00. Following the transaction, the insider owned 16,108 shares in the company, valued at $4,385,564.08. The trade was a 3.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $272.18, for a total transaction of $1,360,900.00. Following the completion of the transaction, the chief executive officer owned 564,528 shares in the company, valued at approximately $153,653,231.04. The trade was a 0.88% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.40% of the stock is owned by corporate insiders.

Generac Stock Up 1.9%

NYSE:GNRC opened at $262.13 on Friday. The firm’s 50-day moving average price is $243.76 and its 200-day moving average price is $201.53. The company has a market capitalization of $15.43 billion, a PE ratio of 82.17, a P/E/G ratio of 2.45 and a beta of 1.93. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.03 and a quick ratio of 0.99. Generac Holdings Inc. has a 1-year low of $123.66 and a 1-year high of $294.18.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, April 29th. The technology company reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.47. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. Generac had a net margin of 4.37% and a return on equity of 15.45%. The company’s revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.26 EPS. On average, equities analysts predict that Generac Holdings Inc. will post 8.91 EPS for the current fiscal year.

Generac Company Profile

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.