Temasek Holdings Private Ltd Invests $3.47 Million in Generac Holdings Inc. (NYSE:GNRC)

Temasek Holdings Private Ltd bought a new position in Generac Holdings Inc. (NYSE:GNRC - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 21,837 shares of the technology company's stock, valued at approximately $3,469,000.

A number of other institutional investors have also made changes to their positions in GNRC. Raymond James Trust N.A. boosted its position in Generac by 52.8% during the 3rd quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company's stock valued at $541,000 after purchasing an additional 1,177 shares during the period. Willis Investment Counsel grew its holdings in shares of Generac by 18.7% in the 3rd quarter. Willis Investment Counsel now owns 105,007 shares of the technology company's stock worth $16,684,000 after acquiring an additional 16,541 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Generac by 85.9% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,021 shares of the technology company's stock worth $928,000 after buying an additional 3,244 shares during the period. Principal Financial Group Inc. raised its stake in Generac by 5.0% during the 3rd quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company's stock valued at $11,324,000 after purchasing an additional 3,426 shares during the period. Finally, Hudson Valley Investment Advisors Inc. ADV acquired a new position in Generac in the 3rd quarter valued at approximately $3,742,000. 84.04% of the stock is currently owned by institutional investors.

Insider Activity at Generac

In other Generac news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total value of $585,069.46. Following the transaction, the executive vice president now directly owns 10,738 shares in the company, valued at $1,971,282.04. The trade was a 22.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total transaction of $794,650.00. Following the completion of the transaction, the chief executive officer now directly owns 562,177 shares of the company's stock, valued at approximately $89,346,790.61. This trade represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,268 shares of company stock worth $7,584,853 over the last ninety days. Insiders own 2.90% of the company's stock.

Generac Stock Down 0.6 %

Shares of NYSE GNRC traded down $1.16 during trading hours on Friday, hitting $178.82. The company had a trading volume of 197,462 shares, compared to its average volume of 933,621. The firm's 50 day moving average is $175.72 and its 200-day moving average is $156.38. Generac Holdings Inc. has a 1-year low of $108.89 and a 1-year high of $195.94. The stock has a market capitalization of $10.64 billion, a P/E ratio of 37.34, a price-to-earnings-growth ratio of 2.29 and a beta of 1.39. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.27. Generac had a return on equity of 16.70% and a net margin of 7.17%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the firm posted $1.64 earnings per share. Generac's revenue was up 9.6% compared to the same quarter last year. On average, analysts expect that Generac Holdings Inc. will post 6.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Truist Financial lifted their price target on shares of Generac from $170.00 to $210.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. StockNews.com raised shares of Generac from a "hold" rating to a "buy" rating in a research report on Monday, October 28th. Piper Sandler lifted their price objective on Generac from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. increased their target price on Generac from $160.00 to $178.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Finally, Stifel Nicolaus lifted their price target on Generac from $185.00 to $210.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $175.30.

Generac 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.