Kayne Anderson Capital Advisors LP Takes $2.16 Million Position in Generac Holdings Inc. $GNRC

Kayne Anderson Capital Advisors LP purchased a new position in Generac Holdings Inc. (NYSE:GNRC) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 12,897 shares of the technology company’s stock, valued at approximately $2,159,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GNRC. Mufg Securities Americas Inc. increased its holdings in Generac by 20.9% during the 3rd quarter. Mufg Securities Americas Inc. now owns 1,583 shares of the technology company’s stock worth $265,000 after purchasing an additional 274 shares during the last quarter. Compound Planning Inc. purchased a new position in shares of Generac during the 3rd quarter valued at approximately $215,000. EverSource Wealth Advisors LLC grew its position in shares of Generac by 16.6% during the third quarter. EverSource Wealth Advisors LLC now owns 1,661 shares of the technology company’s stock worth $278,000 after buying an additional 237 shares in the last quarter. Private Advisory Group LLC bought a new stake in shares of Generac in the third quarter worth $7,799,000. Finally, Transatlantique Private Wealth LLC increased its stake in shares of Generac by 6.3% in the third quarter. Transatlantique Private Wealth LLC now owns 3,132 shares of the technology company’s stock worth $524,000 after buying an additional 187 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GNRC. Wells Fargo & Company increased their price objective on shares of Generac from $185.00 to $234.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Stifel Nicolaus set a $235.00 target price on shares of Generac in a research note on Thursday, February 12th. Bank of America reduced their price target on shares of Generac from $236.00 to $224.00 and set a “buy” rating on the stock in a research report on Wednesday, January 7th. JPMorgan Chase & Co. upgraded Generac from a “neutral” rating to an “overweight” rating and set a $200.00 price target for the company in a research note on Monday, December 8th. Finally, Zacks Research upgraded Generac from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $220.19.

Generac Trading Up 3.3%

Generac stock opened at $234.95 on Wednesday. Generac Holdings Inc. has a 1 year low of $99.50 and a 1 year high of $236.00. The firm’s 50-day moving average is $170.92 and its 200-day moving average is $172.26. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.00 and a current ratio of 2.03. The company has a market cap of $13.79 billion, a P/E ratio of 87.67, a PEG ratio of 1.66 and a beta of 1.85.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, February 11th. The technology company reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.20). Generac had a net margin of 3.79% and a return on equity of 14.55%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the company earned $2.80 EPS. Generac’s quarterly revenue was down 11.6% on a year-over-year basis. On average, equities analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current year.

About Generac

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.