Temasek Holdings Private Ltd Purchases 104,273 Shares of Generac Holdings Inc. $GNRC

Key Points

• Temasek Holdings significantly increased its holdings in Generac Holdings Inc. by 1,161.9% during Q1 2023, acquiring an additional 104,273 shares and owning a total of 113,247 shares valued at approximately $14.34 million.
• Multiple hedge funds have also ramped up their investments in Generac, with notable increases from Invesco Ltd. and DAVENPORT & Co LLC, indicating a growing institutional interest in the company.
• Generac reported stronger-than-expected quarterly earnings with a net income of $1.65 per share, surpassing estimates and achieving a revenue of $1.06 billion, reflecting a 6.3% increase from the previous year.

Temasek Holdings Private Ltd lifted its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 1,161.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 113,247 shares of the technology company's stock after acquiring an additional 104,273 shares during the period. Temasek Holdings Private Ltd owned 0.19% of Generac worth $14,343,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GNRC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Generac by 1.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,456 shares of the technology company's stock worth $1,001,000 after buying an additional 72 shares during the last quarter. Covestor Ltd increased its position in Generac by 16.2% during the 1st quarter. Covestor Ltd now owns 596 shares of the technology company's stock valued at $75,000 after buying an additional 83 shares in the last quarter. Private Trust Co. NA increased its position in Generac by 42.9% during the 1st quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock valued at $38,000 after buying an additional 90 shares in the last quarter. First Horizon Advisors Inc. increased its position in Generac by 13.1% during the 1st quarter. First Horizon Advisors Inc. now owns 787 shares of the technology company's stock valued at $100,000 after buying an additional 91 shares in the last quarter. Finally, Nvwm LLC increased its position in Generac by 3.0% during the 1st quarter. Nvwm LLC now owns 3,451 shares of the technology company's stock valued at $437,000 after buying an additional 99 shares in the last quarter. Institutional investors own 84.04% of the company's stock.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $181.21, for a total transaction of $906,050.00. Following the sale, the chief executive officer owned 552,966 shares of the company's stock, valued at approximately $100,202,968.86. This trade represents a 0.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.70% of the company's stock.

Generac Stock Performance

Shares of GNRC traded up $3.12 during trading hours on Wednesday, hitting $184.92. The stock had a trading volume of 810,123 shares, compared to its average volume of 926,988. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.00 and a quick ratio of 0.88. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $203.25. The firm has a market capitalization of $10.85 billion, a PE ratio of 30.72, a PEG ratio of 1.47 and a beta of 1.63. The stock has a fifty day moving average price of $175.59 and a 200 day moving average price of $142.58.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.32. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. Generac had a net margin of 7.91% and a return on equity of 19.14%. The company's revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.35 earnings per share. Generac has set its FY 2025 guidance at EPS. Analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GNRC. Stephens reaffirmed an "overweight" rating and set a $175.00 price objective on shares of Generac in a research report on Tuesday, May 27th. Wells Fargo & Company lifted their target price on Generac from $128.00 to $180.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Wall Street Zen lowered Generac from a "buy" rating to a "hold" rating in a report on Monday, September 1st. Roth Capital lifted their target price on Generac from $122.00 to $140.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Finally, Guggenheim raised Generac from a "neutral" rating to a "buy" rating and set a $190.00 target price for the company in a report on Tuesday, July 29th. Thirteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $174.56.

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.