Dudley & Shanley Inc. Invests $1.98 Million in Generac Holdings Inc. (NYSE:GNRC)

Posted by Defense World Staff on Mar 24th, 2023

Dudley & Shanley Inc. acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC – Get Rating) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 19,700 shares of the technology company’s stock, valued at approximately $1,983,000. Generac makes up 0.4% of Dudley & Shanley Inc.’s portfolio, making the stock its 23rd biggest position.

Several other large investors have also recently modified their holdings of the company. Lazard Asset Management LLC raised its stake in shares of Generac by 14.7% during the 2nd quarter. Lazard Asset Management LLC now owns 344 shares of the technology company’s stock worth $71,000 after acquiring an additional 44 shares in the last quarter. Meiji Yasuda Life Insurance Co raised its stake in shares of Generac by 3.4% during the 1st quarter. Meiji Yasuda Life Insurance Co now owns 1,448 shares of the technology company’s stock worth $430,000 after acquiring an additional 48 shares in the last quarter. Vident Investment Advisory LLC raised its stake in shares of Generac by 3.3% during the 1st quarter. Vident Investment Advisory LLC now owns 2,099 shares of the technology company’s stock worth $622,000 after acquiring an additional 68 shares in the last quarter. Wellington Shields Capital Management LLC raised its stake in shares of Generac by 4.7% during the 2nd quarter. Wellington Shields Capital Management LLC now owns 1,675 shares of the technology company’s stock worth $353,000 after acquiring an additional 75 shares in the last quarter. Finally, IAG Wealth Partners LLC raised its stake in shares of Generac by 72.9% during the 3rd quarter. IAG Wealth Partners LLC now owns 204 shares of the technology company’s stock worth $36,000 after acquiring an additional 86 shares in the last quarter. Institutional investors own 88.71% of the company’s stock.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 45,207 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $119.37, for a total value of $5,396,359.59. Following the completion of the sale, the chief executive officer now directly owns 615,269 shares in the company, valued at $73,444,660.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GNRC. Citigroup lowered shares of Generac from a “buy” rating to a “neutral” rating and cut their price target for the company from $380.00 to $140.00 in a research note on Friday, March 10th. Scotiabank began coverage on shares of Generac in a research note on Thursday, March 2nd. They set a “sector perform” rating and a $165.00 price target on the stock. Stifel Nicolaus upped their price target on shares of Generac from $98.00 to $130.00 in a research note on Thursday, February 16th. Wells Fargo & Company lowered shares of Generac from an “overweight” rating to an “equal weight” rating and set a $135.00 price target on the stock. in a research note on Friday, February 17th. Finally, Credit Suisse Group cut their price target on shares of Generac from $165.00 to $159.00 and set an “outperform” rating on the stock in a research note on Thursday, February 2nd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $198.96.

Generac Stock Performance

GNRC opened at $107.11 on Friday. The company has a quick ratio of 0.78, a current ratio of 2.20 and a debt-to-equity ratio of 0.61. The company has a market cap of $6.63 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 1.78 and a beta of 1.18. Generac Holdings Inc. has a 52-week low of $86.29 and a 52-week high of $328.60. The firm’s fifty day simple moving average is $118.22 and its two-hundred day simple moving average is $126.40.

Generac (NYSE:GNRC – Get Rating) last posted its quarterly earnings data on Wednesday, February 15th. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.08. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.07 billion. Generac had a net margin of 8.75% and a return on equity of 23.82%. The company’s revenue was down 1.7% compared to the same quarter last year. During the same period last year, the firm posted $2.51 earnings per share. Equities analysts anticipate that Generac Holdings Inc. will post 6.29 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.

Dudley & Shanley Inc. Invests $1.98 Million in Generac Holdings Inc. (NYSE:GNRC)

Insider Activity

Wall Street Analysts Forecast Growth

Generac Stock Performance

Generac Profile

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