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

Temasek Holdings Private Ltd acquired a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 21,837 shares of the technology company’s stock, valued at approximately $3,469,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. William Blair Investment Management LLC bought a new stake in shares of Generac during the second quarter valued at approximately $98,282,000. Dimensional Fund Advisors LP grew its holdings in shares of Generac by 5.2% in the second quarter. Dimensional Fund Advisors LP now owns 702,811 shares of the technology company’s stock valued at $92,941,000 after purchasing an additional 35,026 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Generac by 114.8% in the third quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock valued at $88,944,000 after purchasing an additional 299,205 shares in the last quarter. Ninety One UK Ltd grew its holdings in shares of Generac by 0.7% in the second quarter. Ninety One UK Ltd now owns 519,741 shares of the technology company’s stock valued at $68,720,000 after purchasing an additional 3,849 shares in the last quarter. Finally, Blair William & Co. IL grew its holdings in shares of Generac by 29.2% in the second quarter. Blair William & Co. IL now owns 457,475 shares of the technology company’s stock valued at $60,487,000 after purchasing an additional 103,439 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

Generac Price Performance

Shares of GNRC stock opened at $180.00 on Friday. Generac Holdings Inc. has a fifty-two week low of $108.89 and a fifty-two week high of $195.94. The firm has a market capitalization of $10.71 billion, a price-to-earnings ratio of 37.34, a PEG ratio of 2.29 and a beta of 1.39. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03. The stock’s 50-day simple moving average is $175.72 and its 200-day simple moving average is $156.38.

Generac (NYSE:GNRC) last issued its earnings results on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Generac had a return on equity of 16.70% and a net margin of 7.17%. Generac’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.64 earnings per share. As a group, equities analysts forecast that Generac Holdings Inc. will post 6.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on GNRC shares. TD Cowen raised their target price on shares of Generac from $172.00 to $183.00 and gave the company a “buy” rating in a report on Friday, November 1st. Barclays started coverage on shares of Generac in a report on Wednesday. They issued an “equal weight” rating and a $189.00 target price for the company. The Goldman Sachs Group raised their target price on shares of Generac from $148.00 to $193.00 and gave the company a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. lifted their price objective on shares of Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Finally, Stifel Nicolaus lifted their target price on Generac from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. One equities 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. Based on data from MarketBeat, Generac has a consensus rating of “Moderate Buy” and a consensus target price of $175.30.

Insiders Place Their Bets

In other Generac news, CFO York A. Ragen sold 29,081 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $184.73, for a total value of $5,372,133.13. Following the sale, the chief financial officer now owns 135,613 shares in the company, valued at approximately $25,051,789.49. This represents a 17.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Aaron Jagdfeld sold 5,000 shares of the company’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 value of $794,650.00. Following the completion of the sale, the chief executive officer now owns 562,177 shares in the company, valued at approximately $89,346,790.61. This represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,268 shares of company stock worth $7,584,853. Corporate insiders own 2.90% of the company’s stock.

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.