Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Dudley & Shanley Inc.

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

A number of other hedge funds also recently bought and sold shares of the business. Modus Advisors LLC purchased a new position in shares of Generac during the 4th quarter valued at approximately $27,000. GAMMA Investing LLC grew its position in shares of Generac by 28.5% in the fourth quarter. GAMMA Investing LLC now owns 1,733 shares of the technology company’s stock valued at $269,000 after purchasing an additional 384 shares during the period. Versant Capital Management Inc increased its stake in shares of Generac by 391.9% during the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock worth $28,000 after purchasing an additional 145 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Generac by 5.0% during the 3rd quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company’s stock worth $11,324,000 after purchasing an additional 3,426 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its stake in Generac by 0.8% in the 3rd quarter. Retirement Systems of Alabama now owns 13,476 shares of the technology company’s stock valued at $2,141,000 after buying an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total transaction of $585,069.46. Following the completion of the transaction, the executive vice president now directly owns 10,738 shares of the company’s stock, valued at $1,971,282.04. This trade represents a 22.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO York A. Ragen sold 29,081 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total value of $5,372,133.13. Following the completion of the sale, the chief financial officer now directly owns 135,613 shares in the company, valued at approximately $25,051,789.49. The trade was a 17.66 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,268 shares of company stock worth $6,790,203. 2.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GNRC. Roth Mkm upped their target price on shares of Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Robert W. Baird reduced their price target on Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. StockNews.com upgraded Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. JPMorgan Chase & Co. raised their price objective on Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Finally, The Goldman Sachs Group boosted their price target on shares of Generac from $148.00 to $193.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Generac currently has an average rating of “Moderate Buy” and an average target price of $175.30.

Generac Price Performance

Generac stock traded up $1.69 during midday trading on Friday, reaching $158.69. The company’s stock had a trading volume of 229,459 shares, compared to its average volume of 503,460. The firm has a market capitalization of $9.44 billion, a PE ratio of 32.92, a P/E/G ratio of 2.09 and a beta of 1.39. Generac Holdings Inc. has a fifty-two week low of $108.89 and a fifty-two week high of $195.94. The stock’s 50 day simple moving average is $173.92 and its 200 day simple moving average is $158.80. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, beating 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 analysts’ expectations of $1.16 billion. During the same quarter last year, the business earned $1.64 earnings per share. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, equities research analysts forecast that Generac Holdings Inc. will post 6.84 earnings per share for the current year.

Generac Company 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.