Enerpac Tool Group Corp. $EPAC Stock Bought by Penn Capital Management Company LLC

Penn Capital Management Company LLC raised its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 154.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,726 shares of the company’s stock after purchasing an additional 43,572 shares during the period. Penn Capital Management Company LLC’s holdings in Enerpac Tool Group were worth $2,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Associated Banc Corp purchased a new position in shares of Enerpac Tool Group during the third quarter valued at approximately $359,000. Integrity Alliance LLC. bought a new stake in shares of Enerpac Tool Group during the 3rd quarter worth approximately $1,100,000. Moody Aldrich Partners LLC boosted its holdings in Enerpac Tool Group by 4.2% during the 3rd quarter. Moody Aldrich Partners LLC now owns 90,075 shares of the company’s stock valued at $3,143,000 after acquiring an additional 3,656 shares during the period. Sterling Capital Management LLC boosted its holdings in Enerpac Tool Group by 849.2% during the 3rd quarter. Sterling Capital Management LLC now owns 1,737 shares of the company’s stock valued at $61,000 after acquiring an additional 1,554 shares during the period. Finally, Inspire Investing LLC purchased a new position in Enerpac Tool Group during the 3rd quarter valued at $632,000. 97.70% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Benjamin James Topercer sold 4,800 shares of Enerpac Tool Group stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $41.30, for a total transaction of $198,240.00. Following the completion of the sale, the executive vice president directly owned 58,507 shares in the company, valued at approximately $2,416,339.10. The trade was a 7.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.50% of the stock is owned by company insiders.

Enerpac Tool Group Stock Up 4.6%

Shares of NYSE EPAC opened at $40.61 on Tuesday. 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 stock has a market capitalization of $2.08 billion, a PE ratio of 23.61 and a beta of 0.81. The stock’s fifty day simple moving average is $36.44 and its two-hundred day simple moving average is $36.66. Enerpac Tool Group Corp. has a 12-month low of $32.35 and a 12-month high of $43.97.

Enerpac Tool Group (NYSE:EPAC) last announced its earnings results on Wednesday, October 28th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. The business had revenue of $185.73 million during the quarter, compared to the consensus estimate 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 company posted $0.52 earnings per share. As a group, analysts expect that Enerpac Tool Group Corp. will post 2.05 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on EPAC shares. Weiss Ratings raised shares of Enerpac Tool Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 13th. Zacks Research upgraded shares of Enerpac Tool Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 8th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $50.00.

About Enerpac Tool Group

Enerpac Tool Group (NYSE: EPAC) is an industrial products and services company specializing in high-pressure hydraulic tools and controlled-force solutions. Its products include hydraulic pumps and cylinders, torque and tensioning tools, and systems for lifting, positioning and moving heavy loads.

The company also provides services such as on-site machining, bolting and joint-integrity work for complex industrial projects. Its offerings support customers in industries including infrastructure, construction, manufacturing, energy and mining.

Enerpac serves customers around the world through its global operations and distribution network.