Temasek Holdings Private Ltd Sells 12,863 Shares of Generac Holdings Inc. (NYSE:GNRC)

Temasek Holdings Private Ltd lessened its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 58.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,974 shares of the technology company's stock after selling 12,863 shares during the period. Temasek Holdings Private Ltd's holdings in Generac were worth $1,391,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Nebula Research & Development LLC bought a new stake in shares of Generac during the fourth quarter valued at approximately $3,638,000. Pinebridge Investments L.P. grew its stake in shares of Generac by 28.1% during the fourth quarter. Pinebridge Investments L.P. now owns 68,993 shares of the technology company's stock valued at $10,697,000 after purchasing an additional 15,147 shares during the last quarter. Evercore Wealth Management LLC grew its stake in shares of Generac by 4.3% during the fourth quarter. Evercore Wealth Management LLC now owns 430,068 shares of the technology company's stock valued at $66,682,000 after purchasing an additional 17,711 shares during the last quarter. Barclays PLC boosted its stake in Generac by 41.4% in the third quarter. Barclays PLC now owns 185,193 shares of the technology company's stock valued at $29,425,000 after acquiring an additional 54,202 shares during the last quarter. Finally, Dakota Wealth Management boosted its stake in Generac by 59.1% in the fourth quarter. Dakota Wealth Management now owns 48,998 shares of the technology company's stock valued at $7,597,000 after acquiring an additional 18,197 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on GNRC shares. Guggenheim upgraded shares of Generac from a "sell" rating to a "neutral" rating in a report on Monday, March 17th. UBS Group increased their target price on shares of Generac from $200.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Piper Sandler dropped their price objective on shares of Generac from $175.00 to $155.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Stifel Nicolaus dropped their price objective on shares of Generac from $200.00 to $195.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, Janney Montgomery Scott upgraded shares of Generac from a "neutral" rating to a "buy" rating in a report on Wednesday, May 7th. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $167.20.

Generac Stock Performance

Shares of GNRC stock traded down $4.33 during midday trading on Wednesday, hitting $122.93. 597,384 shares of the company were exchanged, compared to its average volume of 848,366. The firm's 50 day moving average price is $119.86 and its two-hundred day moving average price is $145.90. The firm has a market capitalization of $7.26 billion, a P/E ratio of 22.76, a PEG ratio of 1.44 and a beta of 1.73. 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 52 week low of $99.50 and a 52 week high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.99 by $0.27. Generac had a return on equity of 18.17% and a net margin of 7.36%. The company had revenue of $942.12 million for the quarter, compared to the consensus estimate of $921.78 million. During the same period in the previous year, the business earned $0.88 EPS. The firm's revenue was up 5.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current year.

About Generac

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.