Generac Holdings Inc. (NYSE:GNRC) Stock Position Raised by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. lifted its position in Generac Holdings Inc. (NYSE:GNRC) by 189.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 521 shares of the technology company’s stock after buying an additional 341 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Generac were worth $69,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC acquired a new stake in shares of Generac in the fourth quarter worth about $27,000. EntryPoint Capital LLC lifted its holdings in Generac by 73.2% in the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after purchasing an additional 90 shares during the last quarter. Capital Advisors Ltd. LLC boosted its position in Generac by 611.1% during the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock worth $34,000 after purchasing an additional 220 shares during the period. Quarry LP raised its position in shares of Generac by 219.6% in the fourth quarter. Quarry LP now owns 294 shares of the technology company’s stock valued at $38,000 after purchasing an additional 202 shares during the period. Finally, ORG Partners LLC acquired a new stake in shares of Generac in the second quarter worth $39,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $133.39, for a total transaction of $666,950.00. Following the sale, the chief executive officer now directly owns 577,177 shares in the company, valued at approximately $76,989,640.03. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.80% of the stock is currently owned by corporate insiders.

Generac Stock Performance

Shares of NYSE:GNRC opened at $142.91 on Friday. The stock has a market capitalization of $8.66 billion, a price-to-earnings ratio of 39.37, a price-to-earnings-growth ratio of 1.83 and a beta of 1.38. The business’s fifty day moving average price is $149.50 and its two-hundred day moving average price is $139.31. Generac Holdings Inc. has a fifty-two week low of $79.86 and a fifty-two week high of $169.57. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.25 and a quick ratio of 0.99.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, July 31st. The technology company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.15. The business had revenue of $998.20 million during the quarter, compared to analysts’ expectations of $1 billion. Generac had a net margin of 6.03% and a return on equity of 15.35%. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the company posted $1.08 EPS. As a group, analysts predict that Generac Holdings Inc. will post 6.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GNRC. Stephens reiterated an “overweight” rating and issued a $200.00 target price on shares of Generac in a research note on Monday, August 5th. TD Cowen boosted their price objective on Generac from $144.00 to $172.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $175.00 target price (up previously from $145.00) on shares of Generac in a report on Thursday, August 1st. Scotiabank upped their price target on Generac from $147.00 to $160.00 and gave the stock a “sector perform” rating in a report on Monday, July 29th. Finally, Roth Mkm raised their price objective on shares of Generac from $135.00 to $160.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Generac has a consensus rating of “Hold” and an average target price of $154.71.

About Generac

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.