Enerpac Tool Group (NYSE:EPAC) EVP Benjamin James Topercer Sells 4,800 Shares of Company Stock

Enerpac Tool Group Corp. (NYSE:EPAC) EVP Benjamin James Topercer sold 4,800 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $41.30, for a total transaction of $198,240.00. Following the completion of the transaction, the executive vice president directly owned 58,507 shares of the company’s stock, valued at $2,416,339.10. This trade represents a 7.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Enerpac Tool Group Trading Down 2.8%

EPAC opened at $42.24 on Wednesday. The company’s 50 day moving average is $36.22 and its 200-day moving average is $36.68. Enerpac Tool Group Corp. has a 1-year low of $32.35 and a 1-year high of $43.97. The company has a current ratio of 2.73, a quick ratio of 2.26 and a debt-to-equity ratio of 0.38. The company has a market cap of $2.17 billion, a P/E ratio of 24.56 and a beta of 0.81.

Enerpac Tool Group (NYSE:EPAC) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. The company had revenue of $185.73 million for the quarter, compared to analyst estimates of $172.68 million. Enerpac Tool Group had a net margin of 13.74% and a return on equity of 22.74%. The firm’s revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 EPS. Equities research analysts predict that Enerpac Tool Group Corp. will post 2.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Associated Banc Corp acquired a new position in Enerpac Tool Group in the 3rd quarter valued at approximately $359,000. Integrity Alliance LLC. bought a new position in shares of Enerpac Tool Group during the third quarter valued at $1,100,000. Moody Aldrich Partners LLC lifted its holdings in shares of Enerpac Tool Group by 4.2% during the third quarter. Moody Aldrich Partners LLC now owns 90,075 shares of the company’s stock worth $3,143,000 after purchasing an additional 3,656 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of Enerpac Tool Group by 849.2% during the third quarter. Sterling Capital Management LLC now owns 1,737 shares of the company’s stock worth $61,000 after purchasing an additional 1,554 shares during the period. Finally, Inspire Investing LLC acquired a new position in shares of Enerpac Tool Group during the third quarter worth $632,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Enerpac Tool Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 8th. Roth Capital reissued a “buy” rating and set a $50.00 price objective on shares of Enerpac Tool Group in a report on Thursday, July 9th. Finally, Weiss Ratings upgraded Enerpac Tool Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 13th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $50.00.

Enerpac Tool Group Company Profile

Enerpac Tool Group Corp. is an industrial tools and services company that provides engineered solutions for lifting, moving, positioning, maintenance and assembly applications. Its products are used in industries such as energy, infrastructure, construction, manufacturing, mining and heavy equipment.

The company offers high-pressure hydraulic tools and systems, including hydraulic pumps, cylinders, jacks, tensioners, torque tools and specialized lifting and positioning equipment. It also provides bolting, machining, flange-management and other field services designed to support the installation, maintenance and repair of large-scale industrial assets.

Enerpac Tool Group markets products under brands that include Enerpac, Hydratight, Equalizer, Mirage, Simplex and Larzep.