American Century Companies Inc. Purchases 8,549 Shares of Generac Holdings Inc. (NYSE:GNRC)

American Century Companies Inc. grew its holdings in Generac Holdings Inc. (NYSE:GNRC) by 16.2% in the fourth quarter, HoldingsChannel reports. The fund owned 61,184 shares of the technology company’s stock after buying an additional 8,549 shares during the period. American Century Companies Inc.’s holdings in Generac were worth $9,487,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of GNRC. Modus Advisors LLC bought a new stake in Generac in the 4th quarter valued at about $27,000. Versant Capital Management Inc boosted its stake in shares of Generac by 391.9% in the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after buying an additional 145 shares during the period. Cranbrook Wealth Management LLC bought a new stake in shares of Generac in the fourth quarter valued at approximately $28,000. Bank of Jackson Hole Trust acquired a new stake in Generac during the fourth quarter worth approximately $31,000. Finally, Spire Wealth Management increased its stake in Generac by 203.6% during the 4th quarter. Spire Wealth Management now owns 252 shares of the technology company’s stock worth $39,000 after acquiring an additional 169 shares during the period. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on GNRC. Stifel Nicolaus reduced their target price on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Wells Fargo & Company reduced their price objective on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Piper Sandler decreased their target price on shares of Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Citigroup cut their price target on shares of Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Finally, UBS Group boosted their price objective on shares of Generac from $200.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $174.38.

Generac Trading Up 1.5 %

GNRC opened at $128.28 on Thursday. The firm has a market capitalization of $7.65 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 1.44 and a beta of 1.58. Generac Holdings Inc. has a fifty-two week low of $122.86 and a fifty-two week high of $195.94. The company’s 50 day moving average price is $138.62 and its two-hundred day moving average price is $157.39. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. As a group, research analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the sale, the chief executive officer now directly owns 565,825 shares of the company’s stock, valued at approximately $82,129,498.75. This represents a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.90% of the company’s stock.

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.