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

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

Enerpac Tool Group Trading Down 2.8%

NYSE EPAC traded down $1.21 during trading on Tuesday, hitting $42.24. The company had a trading volume of 729,788 shares, compared to its average volume of 434,844. Enerpac Tool Group Corp. has a one year low of $32.35 and a one year high of $43.97. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 24.56 and a beta of 0.81. The company’s fifty day moving average is $36.12 and its 200-day moving average is $36.67. The company has a current ratio of 2.67, a quick ratio of 2.04 and a debt-to-equity ratio of 0.41.

Enerpac Tool Group (NYSE:EPAC) last issued its earnings results on Wednesday, October 28th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.01. The firm had revenue of $185.73 million for 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 23.18%. The business’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.52 earnings per share. On average, sell-side analysts predict that Enerpac Tool Group Corp. will post 2.07 earnings per share for the current year.

Institutional Investors Weigh In On Enerpac Tool Group

Several institutional investors have recently added to or reduced their stakes in EPAC. Associated Banc Corp purchased a new stake in Enerpac Tool Group during the 3rd quarter valued at approximately $359,000. Integrity Alliance LLC. purchased a new stake in Enerpac Tool Group in the 3rd quarter valued at approximately $1,100,000. Moody Aldrich Partners LLC lifted its holdings in shares of Enerpac Tool Group by 4.2% in the 3rd quarter. Moody Aldrich Partners LLC now owns 90,075 shares of the company’s stock valued at $3,143,000 after buying an additional 3,656 shares during the period. Sterling Capital Management LLC grew its holdings in 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 acquiring an additional 1,554 shares during the period. Finally, Inspire Investing LLC acquired a new stake in Enerpac Tool Group in the third quarter valued at $632,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on EPAC. Weiss Ratings upgraded 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 raised shares of Enerpac Tool Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 8th. Finally, Roth Capital reiterated a “buy” rating and set a $50.00 price target on shares of Enerpac Tool Group in a research report on Thursday, July 9th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently 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.