Chevy Chase Trust Holdings LLC Sells 1,035 Shares of Generac Holdings Inc. (NYSE:GNRC)

Chevy Chase Trust Holdings LLC decreased its holdings in Generac Holdings Inc. (NYSE:GNRC) by 3.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 31,222 shares of the technology company’s stock after selling 1,035 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Generac were worth $4,841,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of GNRC. Exchange Traded Concepts LLC bought a new stake in shares of Generac in the 3rd quarter valued at about $114,000. Blue Trust Inc. lifted its stake in shares of Generac by 73.5% in the third quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock worth $36,000 after acquiring an additional 97 shares during the period. Raymond James & Associates boosted its holdings in Generac by 3.6% in the third quarter. Raymond James & Associates now owns 184,467 shares of the technology company’s stock valued at $29,308,000 after acquiring an additional 6,375 shares during the last quarter. Resonant Capital Advisors LLC increased its position in Generac by 29.9% during the 3rd quarter. Resonant Capital Advisors LLC now owns 2,492 shares of the technology company’s stock valued at $396,000 after purchasing an additional 573 shares during the period. Finally, Venture Visionary Partners LLC raised its holdings in Generac by 38.1% during the 3rd quarter. Venture Visionary Partners LLC now owns 11,363 shares of the technology company’s stock worth $1,805,000 after purchasing an additional 3,135 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the sale, the chief executive officer now owns 565,825 shares in the company, valued at $82,129,498.75. This represents a 0.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.90% of the company’s stock.

Generac Stock Down 0.0 %

Shares of NYSE GNRC opened at $146.80 on Tuesday. Generac Holdings Inc. has a 1 year low of $108.89 and a 1 year high of $195.94. The stock has a market capitalization of $8.73 billion, a P/E ratio of 30.46, a P/E/G ratio of 1.44 and a beta of 1.42. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. The company has a 50-day moving average price of $155.71 and a 200-day moving average price of $160.61.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.31. Generac had a return on equity of 16.70% and a net margin of 7.17%. On average, equities research analysts forecast that Generac Holdings Inc. will post 6.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on GNRC shares. The Goldman Sachs Group reduced their price objective on shares of Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Citigroup lowered their price objective on Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Barclays initiated coverage on Generac in a research note on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price objective on the stock. StockNews.com upgraded Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Finally, Roth Mkm boosted their price target on Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.00.

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.