Formidable Asset Management LLC Buys Shares of 2,729 Generac Holdings Inc. (NYSE:GNRC)

Formidable Asset Management LLC bought a new stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,729 shares of the technology company's stock, valued at approximately $423,000.

Several other institutional investors have also recently made changes to their positions in the stock. Hurley Capital LLC bought a new stake in shares of Generac during the 4th quarter valued at about $26,000. Bank of Jackson Hole Trust purchased a new position in shares of Generac in the 4th quarter valued at approximately $31,000. Quadrant Capital Group LLC increased its stake in shares of Generac by 61.7% during the fourth quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company's stock valued at $35,000 after purchasing an additional 87 shares in the last quarter. Spire Wealth Management raised its position in shares of Generac by 203.6% in the 4th quarter. Spire Wealth Management now owns 252 shares of the technology company's stock worth $39,000 after purchasing an additional 169 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in Generac by 42.0% during the 4th quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company's stock valued at $44,000 after purchasing an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on GNRC shares. Canaccord Genuity Group cut their price target on Generac from $200.00 to $180.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. The Goldman Sachs Group cut their price objective on shares of Generac from $193.00 to $168.00 and set a "buy" rating for the company in a report on Thursday, February 13th. TD Securities decreased their target price on Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Stephens restated an "overweight" rating and set a $175.00 price target on shares of Generac in a report on Tuesday. Finally, Wall Street Zen downgraded Generac from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Generac has a consensus rating of "Moderate Buy" and a consensus price target of $165.95.

Generac Trading Down 2.1%

Generac stock traded down $2.61 during trading hours on Friday, hitting $121.67. The company had a trading volume of 195,313 shares, compared to its average volume of 837,328. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. The firm has a market cap of $7.19 billion, a P/E ratio of 22.54, a P/E/G ratio of 1.44 and a beta of 1.73. The company has a 50-day moving average price of $118.76 and a two-hundred day moving average price of $143.41. Generac Holdings Inc. has a 1 year low of $99.50 and a 1 year high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.27. The business had revenue of $942.12 million for the quarter, compared to the consensus estimate of $921.78 million. Generac had a return on equity of 18.17% and a net margin of 7.36%. The business's revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.88 EPS. On average, sell-side analysts anticipate that Generac Holdings Inc. will post 8 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.