American Century Companies Inc. Buys 4,971 Shares of Generac Holdings Inc. $GNRC

Key Points

• American Century Companies Inc. increased its stake in Generac Holdings by 8.1% in the first quarter, now owning 66,155 shares valued at approximately $8.38 million.
• Generac reported quarterly earnings of $1.65 per share, exceeding analyst expectations of $1.33, with a total revenue of $1.06 billion for the quarter.
• Analysts have mixed ratings for Generac, with 13 recommending a Buy and a consensus price target of $174.56, while some targets ranged as high as $220.00.

American Century Companies Inc. raised its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 8.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,155 shares of the technology company's stock after purchasing an additional 4,971 shares during the quarter. American Century Companies Inc. owned 0.11% of Generac worth $8,379,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of GNRC. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Generac during the 1st quarter valued at $28,000. Private Trust Co. NA increased its stake in Generac by 42.9% during the 1st quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock valued at $38,000 after purchasing an additional 90 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in Generac during the 1st quarter valued at $54,000. Caitong International Asset Management Co. Ltd lifted its stake in Generac by 1,525.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 585 shares of the technology company's stock valued at $74,000 after acquiring an additional 549 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in Generac by 16.2% during the 1st quarter. Covestor Ltd now owns 596 shares of the technology company's stock worth $75,000 after acquiring an additional 83 shares during the last quarter. Institutional investors own 84.04% of the company's stock.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $142.40, for a total value of $712,000.00. Following the sale, the chief executive officer directly owned 562,966 shares in the company, valued at approximately $80,166,358.40. The trade was a 0.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.70% of the company's stock.

Analyst Ratings Changes

GNRC has been the topic of a number of analyst reports. UBS Group reaffirmed a "buy" rating and set a $220.00 price objective (up from $200.00) on shares of Generac in a report on Thursday, July 31st. JPMorgan Chase & Co. raised shares of Generac from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $56.00 to $68.00 in a report on Monday, August 11th. Stephens reaffirmed an "overweight" rating and set a $175.00 price objective on shares of Generac in a report on Tuesday, May 27th. Guggenheim raised shares of Generac from a "neutral" rating to a "buy" rating and set a $190.00 price objective on the stock in a report on Tuesday, July 29th. Finally, Wells Fargo & Company upped their price objective on Generac from $128.00 to $180.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Generac currently has a consensus rating of "Moderate Buy" and a consensus target price of $174.56.

Generac Stock Performance

Shares of GNRC traded down $4.92 during mid-day trading on Tuesday, hitting $180.33. The stock had a trading volume of 66,105 shares, compared to its average volume of 926,703. The firm has a market cap of $10.58 billion, a P/E ratio of 29.97, a PEG ratio of 1.48 and a beta of 1.63. The business has a fifty day moving average price of $170.33 and a 200-day moving average price of $140.69. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.00 and a quick ratio of 0.88. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $203.25.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.33 by $0.32. Generac had a return on equity of 19.14% and a net margin of 7.91%.The business had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.03 billion. During the same period in the previous year, the business posted $1.35 EPS. The firm's quarterly revenue was up 6.3% compared to the same quarter last year. Generac has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Generac Holdings Inc. will post 8 EPS for the current 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.