Dudley & Shanley Inc. Reduces Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Dudley & Shanley Inc. cut its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 18.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,650 shares of the technology company's stock after selling 4,300 shares during the period. Dudley & Shanley Inc.'s holdings in Generac were worth $3,047,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in GNRC. Sunbelt Securities Inc. raised its position in shares of Generac by 97.1% during the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company's stock worth $27,000 after acquiring an additional 100 shares during the last quarter. Modus Advisors LLC acquired a new stake in Generac during the 4th quarter valued at approximately $27,000. Versant Capital Management Inc raised its holdings in Generac by 391.9% during the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company's stock worth $28,000 after purchasing an additional 145 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Generac in the 3rd quarter worth approximately $31,000. Finally, SouthState Corp acquired a new position in shares of Generac in the 3rd quarter worth approximately $32,000. 84.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GNRC. Citigroup lifted their target price on shares of Generac from $128.00 to $172.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. 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. Roth Mkm raised their target price on Generac from $160.00 to $175.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. Stifel Nicolaus boosted their price target on Generac from $185.00 to $210.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Finally, The Goldman Sachs Group increased their price target on Generac from $148.00 to $193.00 and gave the stock a "buy" rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Generac currently has a consensus rating of "Moderate Buy" and a consensus price target of $175.30.

Generac Stock Up 1.2 %

Generac stock traded up $1.88 during trading on Friday, hitting $158.88. 584,149 shares of the company were exchanged, compared to its average volume of 684,324. The company has a market capitalization of $9.45 billion, a P/E ratio of 32.96, a PEG ratio of 2.04 and a beta of 1.39. The business's 50 day moving average is $173.81 and its 200 day moving average is $158.96. Generac Holdings Inc. has a 52 week low of $108.89 and a 52 week high of $195.94. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56.

Generac (NYSE:GNRC - Get Free Report) last posted its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the business posted $1.64 EPS. The business's revenue was up 9.6% compared to the same quarter last year. Analysts predict that Generac Holdings Inc. will post 6.84 earnings per share for the current year.

Insider Buying and Selling at Generac

In other news, CFO York A. Ragen sold 29,081 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the completion of the sale, the chief financial officer now directly owns 135,613 shares of the company's stock, valued at $25,051,789.49. This trade represents a 17.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total transaction of $787,500.00. Following the completion of the transaction, the chief executive officer now directly owns 570,825 shares in the company, valued at $89,904,937.50. This trade represents a 0.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,268 shares of company stock worth $7,577,703. Insiders own 2.90% of the company's stock.

About Generac

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.