Gould Capital LLC Purchases Shares of 5,085 Generac Holdings Inc. (NYSE:GNRC)

Gould Capital LLC acquired a new position 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 institutional investor acquired 5,085 shares of the technology company's stock, valued at approximately $788,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in GNRC. Hurley Capital LLC purchased a new stake in Generac in the 4th quarter valued at about $26,000. Bank of Jackson Hole Trust purchased a new position in shares of Generac during the 4th quarter valued at $31,000. Quadrant Capital Group LLC grew its position in shares of Generac by 61.7% during the 4th 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 grew its position in shares of Generac by 203.6% during the 4th quarter. Spire Wealth Management now owns 252 shares of the technology company's stock valued at $39,000 after purchasing an additional 169 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its position in shares of 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 in the last quarter. Institutional investors own 84.04% of the company's stock.

Generac Stock Performance

Generac stock traded down $1.50 during trading on Wednesday, reaching $124.56. The company had a trading volume of 543,825 shares, compared to its average volume of 843,010. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $195.94. The firm's 50-day simple moving average is $119.03 and its 200 day simple moving average is $143.90. The firm has a market capitalization of $7.36 billion, a price-to-earnings ratio of 23.07, a price-to-earnings-growth ratio of 1.44 and a beta of 1.73. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 EPS for the quarter, beating the consensus estimate of $0.99 by $0.27. The firm had revenue of $942.12 million for the quarter, compared to the consensus estimate of $921.78 million. Generac had a net margin of 7.36% and a return on equity of 18.17%. The company's revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm earned $0.88 EPS. Sell-side analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Stifel Nicolaus lowered their price target on shares of Generac from $200.00 to $195.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Robert W. Baird decreased their price target on shares of Generac from $171.00 to $127.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Wells Fargo & Company decreased their price target on shares of Generac from $165.00 to $128.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. Citigroup upgraded shares of Generac from a "neutral" rating to a "buy" rating and cut their price objective for the stock from $162.00 to $138.00 in a report on Thursday, April 17th. Finally, Wall Street Zen cut shares of Generac from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Generac presently has an average rating of "Moderate Buy" and a consensus price target of $165.95.

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.