Advisors Capital Management Discloses New Position in Generac Holdings Inc.
According to a recent Form 13F filing submitted to the SEC, Advisors Capital Management disclosed a noteworthy new position in Generac Holdings Inc. (NYSE: GNRC) stock. Here’s what you need to know about Generac Holdings Inc., as well as Advisors Capital Management’s position in shares of GNRC stock:
Advisors Capital Management
Ridgewood, New Jersey-based Advisors Capital Management, LLC offers custom-tailored investment portfolios and management solutions to keep investors on top of their money. Advisors Capital Management has over $5 billion in discretionary assets under management. You can learn more about Advisors Capital Management on their website here.
Advisors Capital Management’s New Position in GNRC Stock
According to the most recent 13F filing from Advisors Capital Management, the institutional investment manager added a meaningful position in Generac Holdings Inc. (NYSE: GNRC), with 42,066 shares, which represents approximately 0.0664% of the 63,356,401 total GNRC shares outstanding. Based on GNRC’s last closing price of $107.7 per share, Advisors Capital Management’s stake in GNRC is worth approximately $4,530,508.20, assuming no change in the position size. If you’re not very familiar with Generac Holdings Inc., learn more below.
Generac Holdings Inc. (NYSE: GNRC)
Generac Holdings Inc. designs, manufactures, and sells power generation equipment, energy storage systems, and other power products for the residential, and light commercial and industrial markets worldwide. The company offers engines, alternators, batteries, electronic controls, steel enclosures, and other components. It also provides residential automatic standby generators ranging in output from 7.5kW to 150kW; air-cooled engine residential standby generators ranging from 7.5kW to 26kW; liquid-cooled engine generators with outputs ranging from 22kW to 150kW; and Mobile Link, a remote monitoring system for home standby generators. In addition, the company offers various portable generators ranging in size from 800W to 17.5kW; outdoor power equipment, such as trimmers, field and brush mowers, log splitters, stump grinders, chipper shredders, lawn and leaf vacuums, pressure washers, and water pumps; and clean energy solution under the PWRcell and PWRview brands. Further, it provides light towers, mobile generators, and mobile energy storage systems; commercial mobile pumps and dust-suppression equipment; various gaseous-engine control systems and accessories; light-commercial standby generators ranging from 22kW to 150kW and related transfer switches providing three-phase power for small and mid-sized businesses; and industrial generators ranging in output from 10kW to 3,250kW used as emergency backup for healthcare, telecom, datacom, commercial office, retail, municipal, and manufacturing markets. Additionally, the company sells aftermarket service parts and product accessories to dealers. It distributes its products through independent residential dealers, industrial distributors and dealers, national and regional retailers, e-commerce partners, electrical, HVAC and solar wholesalers, catalogs, equipment rental companies and distributors, and solar installers; and directly to end users. The company was founded in 1959 and is headquartered in Waukesha, Wisconsin.
Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like Advisors Capital Management. Also be sure to check out more recent 13F filing analysis news here.