Enerpac Tool Group Corp. (NYSE:EPAC - Get Free Report) EVP Benjamin James Topercer sold 4,800 shares of Enerpac Tool Group stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $41.30, for a total value of $198,240.00. Following the transaction, the executive vice president directly owned 58,507 shares in the company, valued at $2,416,339.10. The trade was a 7.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Enerpac Tool Group Trading Down 2.8%
NYSE EPAC opened at $42.24 on Wednesday. The business's 50-day moving average price is $36.22 and its two-hundred day moving average price is $36.68. Enerpac Tool Group Corp. has a 12 month low of $32.35 and a 12 month high of $43.97. The firm has a market capitalization of $2.17 billion, a PE ratio of 24.56 and a beta of 0.81. The company has a current ratio of 2.73, a quick ratio of 2.26 and a debt-to-equity ratio of 0.38.
Enerpac Tool Group (NYSE:EPAC - Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.01. Enerpac Tool Group had a return on equity of 22.74% and a net margin of 13.74%. The company had revenue of $185.73 million during the quarter, compared to analysts' expectations of $172.68 million. During the same quarter in the prior year, the firm posted $0.52 earnings per share. The business's quarterly revenue was up 10.9% on a year-over-year basis. On average, analysts expect that Enerpac Tool Group Corp. will post 2.08 EPS for the current year.
Institutional Trading of Enerpac Tool Group
A number of large investors have recently bought and sold shares of the business. Moody National Bank Trust Division raised its position in shares of Enerpac Tool Group by 2.6% in the 2nd quarter. Moody National Bank Trust Division now owns 17,210 shares of the company's stock worth $617,000 after acquiring an additional 440 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Enerpac Tool Group by 8.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,685 shares of the company's stock valued at $280,000 after purchasing an additional 597 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Enerpac Tool Group by 9.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 7,894 shares of the company's stock valued at $288,000 after purchasing an additional 652 shares in the last quarter. Aristides Capital LLC boosted its position in shares of Enerpac Tool Group by 12.9% during the 1st quarter. Aristides Capital LLC now owns 6,012 shares of the company's stock valued at $219,000 after purchasing an additional 688 shares in the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of Enerpac Tool Group by 567.4% during the 3rd quarter. Versant Capital Management Inc now owns 941 shares of the company's stock valued at $33,000 after purchasing an additional 800 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts have weighed in on the stock. Roth Capital reissued a "buy" rating and set a $50.00 target price on shares of Enerpac Tool Group in a research report on Thursday, July 9th. Zacks Research raised shares of Enerpac Tool Group from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 8th. Finally, Weiss Ratings upgraded shares of Enerpac Tool Group from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, October 13th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $50.00.
Read Our Latest Analysis on Enerpac Tool Group
Enerpac Tool Group Company Profile
(
Get Free Report)
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.
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