American Century Companies Inc. Reduces Holdings in Generac Holdlings Inc. (GNRC)
American Century Companies Inc. trimmed its position in Generac Holdlings Inc. (NYSE:GNRC) by 44.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 96,405 shares of the technology company’s stock after selling 76,270 shares during the period. American Century Companies Inc. owned about 0.16% of Generac Holdlings worth $4,428,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Marshall Wace North America L.P. purchased a new position in Generac Holdlings in the second quarter worth about $4,857,000. First Trust Advisors LP boosted its position in Generac Holdlings by 16.1% in the second quarter. First Trust Advisors LP now owns 186,597 shares of the technology company’s stock worth $6,742,000 after purchasing an additional 25,814 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Generac Holdlings by 29.0% in the second quarter. JPMorgan Chase & Co. now owns 2,294,301 shares of the technology company’s stock worth $82,893,000 after purchasing an additional 515,905 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Generac Holdlings by 6.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 433,183 shares of the technology company’s stock worth $15,651,000 after purchasing an additional 25,536 shares during the last quarter. Finally, Federated Investors Inc. PA boosted its position in Generac Holdlings by 18.7% in the second quarter. Federated Investors Inc. PA now owns 81,565 shares of the technology company’s stock worth $2,947,000 after purchasing an additional 12,861 shares during the last quarter. 97.19% of the stock is currently owned by institutional investors and hedge funds.
Generac Holdlings Inc. (NYSE:GNRC) traded up $0.10 during mid-day trading on Friday, hitting $48.68. The stock had a trading volume of 313,700 shares, compared to its average volume of 464,313. Generac Holdlings Inc. has a 12-month low of $33.77 and a 12-month high of $53.78. The company has a current ratio of 1.77, a quick ratio of 1.01 and a debt-to-equity ratio of 1.92. The stock has a market cap of $3,030.00, a PE ratio of 15.45, a P/E/G ratio of 1.68 and a beta of 1.71.
Generac Holdlings (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.04. Generac Holdlings had a return on equity of 46.06% and a net margin of 7.47%. The firm had revenue of $457.25 million for the quarter, compared to analysts’ expectations of $420.42 million. During the same period in the previous year, the firm earned $0.82 EPS. The business’s quarterly revenue was up 22.5% on a year-over-year basis. equities analysts forecast that Generac Holdlings Inc. will post 3.22 earnings per share for the current year.
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A number of research analysts have recently weighed in on the company. Wolfe Research cut Generac Holdlings from a “market perform” rating to an “underperform” rating in a research report on Monday. ValuEngine cut Generac Holdlings from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. Zacks Investment Research raised Generac Holdlings from a “hold” rating to a “strong-buy” rating and set a $58.00 price objective on the stock in a research report on Monday, November 6th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $48.00 price objective on shares of Generac Holdlings in a research report on Friday, November 3rd. Finally, Canaccord Genuity lifted their price objective on Generac Holdlings from $50.00 to $54.00 and gave the company a “hold” rating in a research report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $53.00.
In related news, CMO Russell S. Minick sold 24,085 shares of Generac Holdlings stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $50.92, for a total transaction of $1,226,408.20. Following the sale, the chief marketing officer now owns 39,369 shares of the company’s stock, valued at approximately $2,004,669.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of Generac Holdlings stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $40.44, for a total value of $202,200.00. Following the sale, the chief executive officer now directly owns 1,039,911 shares in the company, valued at approximately $42,054,000.84. The disclosure for this sale can be found here. Insiders have sold a total of 39,085 shares of company stock worth $1,927,408 in the last three months. 3.00% of the stock is owned by corporate insiders.
Generac Holdlings Company Profile
Generac Holdings Inc (Generac) is a designer and manufacturer of power generation equipment and other engine powered products. The Company serves the residential, light commercial, industrial, oil and gas, and construction markets. Its segments include Domestic and International. The Domestic segment includes the Generac business.
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