Soros Capital Management LLC Takes Position in Generac Holdings Inc. (NYSE:GNRC)

Soros Capital Management LLC acquired a new position in Generac Holdings Inc. (NYSE:GNRC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,790 shares of the technology company's stock, valued at approximately $588,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Nordea Investment Management AB purchased a new stake in shares of Generac during the 4th quarter valued at approximately $5,229,000. Global Financial Private Client LLC purchased a new position in shares of Generac in the 4th quarter worth about $614,000. Franklin Resources Inc. raised its stake in shares of Generac by 106.1% during the third quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company's stock worth $4,998,000 after acquiring an additional 14,811 shares in the last quarter. Barclays PLC boosted its position in Generac by 41.4% during the third quarter. Barclays PLC now owns 185,193 shares of the technology company's stock valued at $29,425,000 after buying an additional 54,202 shares during the period. Finally, Dakota Wealth Management boosted its stake in shares of Generac by 59.1% during the fourth quarter. Dakota Wealth Management now owns 48,998 shares of the technology company's stock valued at $7,597,000 after purchasing an additional 18,197 shares during the period. 84.04% of the stock is owned by hedge funds and other institutional investors.

Generac Stock Down 0.7 %

NYSE:GNRC traded down $0.84 during mid-day trading on Friday, hitting $112.97. The company had a trading volume of 551,930 shares, compared to its average volume of 871,025. The business has a fifty day simple moving average of $125.24 and a 200-day simple moving average of $152.16. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 1.44 and a beta of 1.58. 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 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, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. Equities analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Insider Buying and Selling

In other 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 directly owns 565,825 shares in the company, valued at $82,129,498.75. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group decreased their target price on shares of Generac from $193.00 to $168.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. UBS Group raised their price target on Generac from $200.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Robert W. Baird lowered their target price on Generac from $172.00 to $171.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Citigroup upgraded shares of Generac from a "neutral" rating to a "buy" rating and lowered their target price for the company from $162.00 to $138.00 in a research note on Thursday, April 17th. Finally, Guggenheim upgraded shares of Generac from a "sell" rating to a "neutral" rating in a report on Monday, March 17th. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $173.40.

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.