Generac Holdings Inc. (GNRC) Position Lifted by Brown Advisory Inc.
Brown Advisory Inc. boosted its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 176.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,222 shares of the technology company’s stock after purchasing an additional 11,622 shares during the quarter. Brown Advisory Inc.’s holdings in Generac were worth $943,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of GNRC. BlackRock Inc. boosted its position in Generac by 14.5% during the second quarter. BlackRock Inc. now owns 4,838,216 shares of the technology company’s stock worth $250,281,000 after purchasing an additional 614,112 shares in the last quarter. Janus Henderson Group PLC boosted its position in Generac by 32.8% during the second quarter. Janus Henderson Group PLC now owns 1,874,526 shares of the technology company’s stock worth $96,969,000 after purchasing an additional 463,226 shares in the last quarter. Redwood Investments LLC purchased a new stake in Generac during the second quarter worth $19,363,000. Eagle Asset Management Inc. purchased a new stake in Generac during the second quarter worth $14,663,000. Finally, Pwmco LLC purchased a new stake in Generac during the second quarter worth $8,967,000. Institutional investors own 97.82% of the company’s stock.
In other news, CEO Aaron Jagdfeld sold 20,000 shares of the company’s stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $51.34, for a total value of $1,026,800.00. Following the sale, the chief executive officer now directly owns 883,571 shares in the company, valued at $45,362,535.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Russell S. Minick sold 9,000 shares of the company’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $54.86, for a total value of $493,740.00. Following the completion of the sale, the insider now owns 16,353 shares in the company, valued at $897,125.58. The disclosure for this sale can be found here. Insiders sold 83,662 shares of company stock worth $4,474,273 over the last 90 days. Company insiders own 3.00% of the company’s stock.
Shares of NYSE:GNRC opened at $58.83 on Tuesday. The company has a current ratio of 1.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.47. Generac Holdings Inc. has a 52-week low of $41.55 and a 52-week high of $59.63. The firm has a market capitalization of $3.45 billion, a PE ratio of 17.30, a P/E/G ratio of 2.08 and a beta of 1.45.
Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, August 1st. The technology company reported $1.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.20. Generac had a return on equity of 46.62% and a net margin of 11.18%. The business had revenue of $494.90 million for the quarter, compared to the consensus estimate of $448.41 million. During the same period in the prior year, the business earned $0.69 earnings per share. The business’s revenue was up 25.3% on a year-over-year basis. equities analysts anticipate that Generac Holdings Inc. will post 4.11 EPS for the current fiscal year.
Generac Company Profile
Generac Holdings Inc designs, manufactures, and sells power generation equipment and other engine powered products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.
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