3,790 Shares in Generac Holdings Inc. (NYSE:GNRC) Bought by Soros Capital Management LLC

Soros Capital Management LLC bought a new position in Generac Holdings Inc. (NYSE:GNRC) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 3,790 shares of the technology company’s stock, valued at approximately $588,000.

A number of other large investors have also recently modified their holdings of GNRC. Norges Bank purchased a new position in Generac in the 4th quarter worth approximately $90,913,000. Boston Partners lifted its position in Generac by 39.0% in the 4th quarter. Boston Partners now owns 1,903,297 shares of the technology company’s stock worth $295,123,000 after buying an additional 533,612 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Generac by 81.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company’s stock valued at $161,684,000 after acquiring an additional 469,575 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Generac by 133.6% during the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock valued at $104,227,000 after purchasing an additional 384,434 shares during the last quarter. Finally, Forest Avenue Capital Management LP purchased a new stake in Generac during the fourth quarter valued at about $49,313,000. Institutional investors own 84.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on GNRC. Piper Sandler decreased their price target on Generac from $175.00 to $155.00 and set an “overweight” rating on the stock in a research note on Thursday. Robert W. Baird cut their price objective on Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Bank of America assumed coverage on shares of Generac in a report on Monday, March 24th. They issued a “buy” rating and a $182.00 price target on the stock. Wells Fargo & Company dropped their target price on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Finally, Citigroup upgraded shares of Generac from a “neutral” rating to a “buy” rating and reduced their price target for the company from $162.00 to $138.00 in a research report on Thursday. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $173.40.

Insider Activity

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the transaction, the chief executive officer now owns 565,825 shares in the company, valued at $82,129,498.75. The trade was a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.90% of the company’s stock.

Generac Stock Performance

NYSE GNRC opened at $111.59 on Monday. The stock has a market capitalization of $6.65 billion, a PE ratio of 20.66, a P/E/G ratio of 1.44 and a beta of 1.58. Generac Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $195.94. The business has a 50 day simple moving average of $128.27 and a two-hundred day simple moving average of $153.54. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. On average, research analysts predict that Generac Holdings Inc. will post 8 EPS for the current fiscal 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.