Chevy Chase Trust Holdings LLC Has $3.67 Million Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Chevy Chase Trust Holdings LLC reduced its stake in shares of Generac Holdings Inc. (NYSE:GNRC – Get Rating) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,439 shares of the technology company’s stock after selling 2,537 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.06% of Generac worth $3,668,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Generac by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 6,950,406 shares of the technology company’s stock worth $1,238,146,000 after buying an additional 81,342 shares during the last quarter. Impax Asset Management Group plc lifted its position in shares of Generac by 31.5% during the 4th quarter. Impax Asset Management Group plc now owns 1,152,159 shares of the technology company’s stock worth $115,394,000 after buying an additional 276,082 shares during the last quarter. Baird Financial Group Inc. lifted its position in shares of Generac by 1.3% during the 3rd quarter. Baird Financial Group Inc. now owns 560,009 shares of the technology company’s stock worth $99,760,000 after buying an additional 7,286 shares during the last quarter. Scout Investments Inc. lifted its position in shares of Generac by 92.3% during the 4th quarter. Scout Investments Inc. now owns 492,303 shares of the technology company’s stock worth $49,555,000 after buying an additional 236,264 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted its position in shares of Generac by 24.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 491,286 shares of the technology company’s stock worth $87,517,000 after buying an additional 96,863 shares during the last quarter. 88.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on GNRC. Robert W. Baird increased their target price on Generac from $119.00 to $136.00 and gave the company a “neutral” rating in a research report on Thursday, February 16th. UBS Group lowered their price objective on Generac from $200.00 to $185.00 and set a “buy” rating for the company in a research report on Thursday, February 16th. StockNews.com upgraded Generac from a “sell” rating to a “hold” rating in a research report on Friday, May 12th. Stifel Nicolaus raised their price objective on Generac from $130.00 to $135.00 in a research report on Wednesday, May 17th. Finally, Scotiabank began coverage on Generac in a research report on Thursday, March 2nd. They set a “sector perform” rating and a $165.00 price objective for the company. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $180.39.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Monday, May 1st. The stock was sold at an average price of $102.16, for a total transaction of $510,800.00. Following the sale, the chief executive officer now directly owns 622,690 shares in the company, valued at $63,614,010.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 55,207 shares of company stock valued at $6,454,560 over the last 90 days. Insiders own 2.80% of the company’s stock.

Generac Stock Down 3.5 %

Shares of NYSE:GNRC opened at $113.79 on Monday. The stock has a market cap of $7.08 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 1.90 and a beta of 1.16. The company has a quick ratio of 0.82, a current ratio of 2.40 and a debt-to-equity ratio of 0.65. Generac Holdings Inc. has a 12-month low of $86.29 and a 12-month high of $299.85. The business’s 50 day moving average is $107.85 and its 200 day moving average is $108.49.

Generac (NYSE:GNRC – Get Rating) last announced its earnings results on Wednesday, May 3rd. The technology company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.11. The company had revenue of $887.90 million for the quarter, compared to analysts’ expectations of $850.07 million. Generac had a return on equity of 19.63% and a net margin of 6.91%. Generac’s quarterly revenue was down 21.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.09 earnings per share. On average, sell-side analysts forecast that Generac Holdings Inc. will post 5.98 earnings per share for the current fiscal year.

Generac Profile

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Generac Holdings, Inc engages in the business of designing and manufacturing energy technology solutions. It operates under the Domestic and International segments. The Domestic segment includes the legacy Generac business and the acquisitions that are based in the United States and Canada. The International segment focuses on Generac business’ Latin American export operations.