ExodusPoint Capital Management LP Makes New $4.61 Million Investment in Generac Holdings Inc. (NYSE:GNRC)

ExodusPoint Capital Management LP purchased 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 13F filing with the SEC. The institutional investor purchased 29,733 shares of the technology company's stock, valued at approximately $4,610,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in GNRC. Modus Advisors LLC acquired a new position in shares of Generac in the 4th quarter valued at $27,000. Cranbrook Wealth Management LLC purchased a new stake in Generac during the 4th quarter valued at about $28,000. Versant Capital Management Inc increased its holdings in shares of Generac by 391.9% in the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company's stock valued at $28,000 after purchasing an additional 145 shares during the period. Bank of Jackson Hole Trust purchased a new position in shares of Generac in the fourth quarter worth about $31,000. Finally, Spire Wealth Management lifted its holdings in shares of Generac by 203.6% during the fourth 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 period. Hedge funds and other institutional investors own 84.04% of the company's stock.

Generac Price Performance

Shares of GNRC traded up $1.74 during mid-day trading on Friday, hitting $110.15. 767,492 shares of the company were exchanged, compared to its average volume of 889,276. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. Generac Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $195.94. The stock has a market cap of $6.57 billion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58. The company has a 50 day moving average of $131.34 and a 200-day moving average of $155.14.

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Generac (NYSE:GNRC - Get Free Report) last announced its earnings results on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, beating analysts' consensus estimates of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. Analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on GNRC. UBS Group increased their price target on shares of Generac from $200.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Wells Fargo & Company reduced their target price on shares of Generac from $175.00 to $165.00 and set an "equal weight" rating for the company in a report on Thursday, February 13th. Stifel Nicolaus lowered their price target on shares of Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Citigroup reduced their price objective on Generac from $172.00 to $162.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Finally, Truist Financial lowered their target price on Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $175.60.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the sale, the chief executive officer now directly owns 565,825 shares in the company, valued at $82,129,498.75. This 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 at this link. 2.90% of the stock is currently owned by insiders.

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.