American Century Companies Inc. Trims Holdings in Generac Holdings Inc. (NYSE:GNRC)

American Century Companies Inc. lessened its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 79.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,646 shares of the technology company’s stock after selling 286,925 shares during the period. American Century Companies Inc. owned about 0.12% of Generac worth $10,002,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GNRC. Duncker Streett & Co. Inc. boosted its position in Generac by 2.4% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 2,932 shares of the technology company’s stock valued at $388,000 after acquiring an additional 68 shares in the last quarter. Empirical Finance LLC raised its holdings in Generac by 4.5% in the 1st quarter. Empirical Finance LLC now owns 1,748 shares of the technology company’s stock worth $220,000 after acquiring an additional 75 shares during the last quarter. EntryPoint Capital LLC raised 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 acquiring an additional 90 shares during the last quarter. American International Group Inc. raised its holdings in Generac by 0.6% in the 4th quarter. American International Group Inc. now owns 16,550 shares of the technology company’s stock worth $2,139,000 after acquiring an additional 93 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its holdings in Generac by 2.2% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,427 shares of the technology company’s stock worth $558,000 after acquiring an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Janney Montgomery Scott lowered shares of Generac from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $126.00 to $154.00 in a report on Thursday, June 13th. TD Cowen increased their price target on Generac from $144.00 to $172.00 and gave the company a “buy” rating in a report on Thursday, August 1st. The Goldman Sachs Group increased their price target on Generac from $129.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Stephens reissued an “overweight” rating and set a $200.00 price target on shares of Generac in a report on Monday, August 5th. Finally, Canaccord Genuity Group raised their target price on Generac from $177.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Generac has a consensus rating of “Hold” and an average target price of $154.71.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $133.39, for a total value of $666,950.00. Following the completion of the transaction, the chief executive officer now owns 577,177 shares in the company, valued at $76,989,640.03. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.80% of the company’s stock.

Generac Trading Down 0.8 %

Shares of Generac stock opened at $141.76 on Monday. The firm has a market cap of $8.59 billion, a price-to-earnings ratio of 39.05, a PEG ratio of 1.83 and a beta of 1.38. The business has a 50-day moving average price of $149.26 and a 200-day moving average price of $139.92. The company has a quick ratio of 0.99, a current ratio of 2.25 and a debt-to-equity ratio of 0.61. Generac Holdings Inc. has a twelve month low of $79.86 and a twelve month high of $169.57.

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

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.