The CMO of Generac Holdings is Exercising Options

By Carrie Williams

Today it was reported that the CMO of Generac Holdings (GNRCResearch Report), Russell Minick, exercised options to sell 31,283 GNRC shares at $42.22 a share, for a total transaction value of $1.64M.

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Based on Generac Holdings’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $563 million and quarterly net profit of $74.49 million. In comparison, last year the company earned revenue of $488 million and had a net profit of $81.18 million. GNRC’s market cap is $3.29B and the company has a P/E ratio of 14.97. Currently, Generac Holdings has an average volume of 181.7K.

Based on 3 analyst ratings, the analyst consensus is Hold with an average price target of $62.00, reflecting a 16.9% upside.

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Generac Holdings, Inc. engages in the design and manufacture of power generation equipment and other power products. It operates through the Domestic and International segments. The Domestic segment includes the legacy Generac, and the impact of acquisitions that are based in the United States.