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

American Century Companies Inc. grew its position in Generac Holdings Inc. (NYSE:GNRC) by 16.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,184 shares of the technology company’s stock after purchasing an additional 8,549 shares during the period. American Century Companies Inc. owned approximately 0.10% of Generac worth $9,487,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in Generac during the 4th quarter worth $4,525,000. iA Global Asset Management Inc. boosted its position in shares of Generac by 82.0% in the fourth quarter. iA Global Asset Management Inc. now owns 3,812 shares of the technology company’s stock worth $591,000 after buying an additional 1,717 shares during the period. Teacher Retirement System of Texas grew its stake in shares of Generac by 28.5% in the fourth quarter. Teacher Retirement System of Texas now owns 16,342 shares of the technology company’s stock valued at $2,534,000 after buying an additional 3,621 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Generac during the 4th quarter valued at about $237,000. Finally, Boston Partners lifted its position in Generac by 39.0% during the 4th quarter. Boston Partners now owns 1,903,297 shares of the technology company’s stock worth $295,123,000 after acquiring an additional 533,612 shares in the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Generac Trading Up 1.5 %

Shares of Generac stock opened at $128.28 on Thursday. Generac Holdings Inc. has a 12-month low of $122.86 and a 12-month high of $195.94. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average is $138.62 and its 200-day moving average is $157.39. The stock has a market cap of $7.65 billion, a P/E ratio of 23.76, a P/E/G ratio of 1.44 and a beta of 1.58.

Generac (NYSE:GNRC) last announced 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 net margin of 7.36% and a return on equity of 18.17%. Equities research analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on GNRC. Stifel Nicolaus dropped their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Bank of America started coverage on shares of Generac in a research note on Monday, March 24th. They set a “buy” rating and a $182.00 price objective on the stock. Guggenheim raised shares of Generac from a “sell” rating to a “neutral” rating in a research report on Monday, March 17th. Wells Fargo & Company reduced their price target on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group lowered their price objective on Generac from $193.00 to $168.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $174.38.

Generac 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.