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

American Century Companies Inc. lifted its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 16.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm 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 0.10% of Generac worth $9,487,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in GNRC. Allworth Financial LP boosted its position in shares of Generac by 3.0% in the fourth quarter. Allworth Financial LP now owns 2,738 shares of the technology company's stock valued at $435,000 after acquiring an additional 80 shares during the period. Venturi Wealth Management LLC boosted its holdings in Generac by 42.0% in the 4th quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company's stock valued at $44,000 after purchasing an additional 84 shares during the period. Cornerstone Wealth Management LLC grew its position in Generac by 6.3% in the 4th quarter. Cornerstone Wealth Management LLC now owns 1,518 shares of the technology company's stock worth $235,000 after purchasing an additional 90 shares during the last quarter. Personal CFO Solutions LLC increased its holdings in shares of Generac by 5.1% during the 4th quarter. Personal CFO Solutions LLC now owns 2,097 shares of the technology company's stock worth $325,000 after purchasing an additional 102 shares during the period. Finally, Retirement Systems of Alabama raised its position in shares of Generac by 0.8% during the third quarter. Retirement Systems of Alabama now owns 13,476 shares of the technology company's stock valued at $2,141,000 after buying an additional 105 shares during the last quarter. Institutional investors own 84.04% of the company's stock.

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Analyst Ratings Changes

Several equities analysts have commented on GNRC shares. Stifel Nicolaus cut their price target on Generac from $210.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Bank of America began coverage on Generac in a research report on Monday, March 24th. They issued a "buy" rating and a $182.00 target price for the company. Citigroup reduced their price objective 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. Piper Sandler lowered their target price on shares of Generac from $185.00 to $175.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Finally, Robert W. Baird decreased their price objective on Generac from $172.00 to $171.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Generac has an average rating of "Moderate Buy" and a consensus price target of $175.60.

Generac Trading Down 3.2 %

Shares of GNRC stock traded down $3.67 on Friday, reaching $111.97. 1,877,611 shares of the stock were exchanged, compared to its average volume of 880,952. 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 Holdings Inc. has a one year low of $105.41 and a one year high of $195.94. The stock has a market cap of $6.67 billion, a PE ratio of 20.74, a P/E/G ratio of 1.44 and a beta of 1.58. The stock has a 50 day moving average price of $136.90 and a 200 day moving average price of $156.99.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. Equities research analysts forecast that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was 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 of the company's stock, valued at approximately $82,129,498.75. This represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.90% of the stock is currently owned by company insiders.

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.