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The EVP – Global Engineering of Generac Holdings is Exercising Options


Today it was reported that the EVP – Global Engineering of Generac Holdings (NYSE: GNRC), Patrick John Forsythe, exercised options to sell 45,150 GNRC shares at $30.47 a share, for a total transaction value of $2.58M.

In addition to Patrick John Forsythe, 2 other GNRC executives reported Sell trades in the last month.

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Based on Generac Holdings’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $495 million and quarterly net profit of $50.96 million. In comparison, last year the company earned revenue of $395 million and had a net profit of $25.96 million. GNRC’s market cap is $3.09B and the company has a P/E ratio of 18.08. Currently, Generac Holdings has an average volume of 534.4K.

Based on 7 analyst ratings, the analyst consensus is Hold with an average price target of $56.83, reflecting a -1.2% downside.

The insider sentiment on Generac Holdings has been negative according to 71 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Generac Holdings, Inc. engages in teh design of manufacture ofpower generation equipment and other engine powered products serving the residential, light commercial and industrial markets. It designs, manufactures, sources and modifies engines, alternators, transfer switches and other components, such as light towers, pumps and power washers for the residential, light commercial, industrial and construction markets. The company operates through the following segments: Domestic and International. The Domestic segment includes the legacy generac business. The International segment includes the ottomotores, tower light and pramac acquisitions. Both segments designs and manufactures power generation equipment and other engine powered products. The company was founded in 2006 and is headquartered in Waukesha, WI.