Chevy Chase Trust Holdings LLC Sells 293 Shares of Generac Holdings Inc. (NYSE:GNRC)

Chevy Chase Trust Holdings LLC reduced its stake in Generac Holdings Inc. (NYSE:GNRC) by 0.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,024 shares of the technology company’s stock after selling 293 shares during the period. Chevy Chase Trust Holdings LLC owned 0.06% of Generac worth $4,292,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of GNRC. Capital World Investors purchased a new position in Generac during the 4th quarter valued at about $155,707,000. Charles Schwab Investment Management Inc. boosted its position in shares of Generac by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 665,629 shares of the technology company’s stock worth $86,026,000 after purchasing an additional 15,490 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Generac by 23.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 610,100 shares of the technology company’s stock worth $78,854,000 after buying an additional 115,728 shares during the last quarter. Norges Bank bought a new position in Generac during the 4th quarter valued at approximately $67,253,000. Finally, Ninety One UK Ltd raised its stake in Generac by 13.4% during the fourth quarter. Ninety One UK Ltd now owns 476,897 shares of the technology company’s stock valued at $61,634,000 after buying an additional 56,169 shares during the last quarter. 84.04% of the stock is owned by institutional investors.

Insider Transactions at Generac

In other Generac news, EVP Erik Wilde sold 4,384 shares of Generac stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $154.04, for a total value of $675,311.36. Following the sale, the executive vice president now directly owns 17,897 shares in the company, valued at approximately $2,756,853.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $139.95, for a total transaction of $699,750.00. Following the completion of the transaction, the chief executive officer now directly owns 587,177 shares in the company, valued at approximately $82,175,421.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Erik Wilde sold 4,384 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $154.04, for a total transaction of $675,311.36. Following the completion of the transaction, the executive vice president now directly owns 17,897 shares of the company’s stock, valued at $2,756,853.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 80,785 shares of company stock valued at $11,720,411. 2.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Canaccord Genuity Group lifted their price target on Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Guggenheim cut shares of Generac from a “neutral” rating to a “sell” rating and set a $120.00 price target on the stock. in a report on Thursday, May 30th. OTR Global raised Generac from a “mixed” rating to a “positive” rating in a research report on Tuesday, April 2nd. Canaccord Genuity Group lifted their target price on Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Finally, Truist Financial upped their price target on Generac from $160.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Generac presently has an average rating of “Hold” and an average target price of $141.00.

Generac Trading Up 4.4 %

Shares of Generac stock opened at $148.42 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 2.29. The company has a fifty day moving average of $141.09 and a 200 day moving average of $128.87. The company has a market capitalization of $9.00 billion, a P/E ratio of 40.89, a P/E/G ratio of 1.93 and a beta of 1.37. Generac Holdings Inc. has a fifty-two week low of $79.86 and a fifty-two week high of $156.95.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, May 1st. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.16. Generac had a return on equity of 14.68% and a net margin of 5.68%. The company had revenue of $889.27 million for the quarter, compared to the consensus estimate of $886.60 million. During the same quarter last year, the company earned $0.63 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. On average, sell-side analysts anticipate that Generac Holdings Inc. will post 6.14 earnings per share for the current fiscal year.

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.