Soros Capital Management LLC bought a new stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,790 shares of the technology company's stock, valued at approximately $588,000.
Other hedge funds also recently made changes to their positions in the company. MetLife Investment Management LLC boosted its position in shares of Generac by 0.5% in the 4th quarter. MetLife Investment Management LLC now owns 17,004 shares of the technology company's stock worth $2,636,000 after purchasing an additional 77 shares in the last quarter. Allworth Financial LP grew its stake in shares of Generac by 3.0% in the fourth quarter. Allworth Financial LP now owns 2,738 shares of the technology company's stock worth $435,000 after acquiring an additional 80 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Generac by 42.0% during the fourth quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company's stock valued at $44,000 after acquiring an additional 84 shares in the last quarter. Wedbush Securities Inc. boosted its stake in Generac by 3.9% in the 4th quarter. Wedbush Securities Inc. now owns 2,235 shares of the technology company's stock worth $347,000 after purchasing an additional 84 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in 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. 84.04% of the stock is currently owned by institutional investors.
Generac Price Performance
NYSE GNRC traded down $0.84 during trading hours on Friday, reaching $112.97. The company's stock had a trading volume of 551,930 shares, compared to its average volume of 868,582. The company has a quick ratio of 0.97, a current ratio of 1.97 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. The firm's 50-day moving average price is $124.62 and its 200-day moving average price is $151.76. The company 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.
Generac (NYSE:GNRC - Get Free Report) last posted its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share 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%. On average, equities research analysts predict that Generac Holdings Inc. will post 8 EPS for the current fiscal year.
Insider Activity at Generac
In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the 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 completion of the transaction, the chief executive officer now owns 565,825 shares in the company, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.90% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
GNRC has been the subject of several analyst reports. Truist Financial reduced their price target on shares of Generac from $210.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company lowered their price target on Generac from $175.00 to $165.00 and set an "equal weight" rating on the stock in a report on Thursday, February 13th. Stifel Nicolaus reduced their price objective on Generac from $210.00 to $200.00 and set a "buy" rating for the company in a 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 research note on Monday, March 17th. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $173.40.
Get Our Latest Analysis on Generac
Generac Company Profile
(
Free Report)
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.
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