Enerpac Tool Group Corp. (NYSE:EPAC) Director E James Ferland, Jr. Sells 4,224 Shares

Key Points

• E James Ferland, Jr., a director of Enerpac Tool Group Corp. (NYSE: EPAC), sold 4,224 shares on August 12th for a total of approximately $173,141.76, reducing his position by 4.29%.
• Enerpac's stock price rose to $43.01 after trading up $1.23, with a current market capitalization of $2.33 billion and a P/E ratio of 26.39.
• The company announced a quarterly dividend of $0.04 per share, representing a 0.4% yield, scheduled for payment on October 17th.

Enerpac Tool Group Corp. (NYSE:EPAC - Get Free Report) Director E James Ferland, Jr. sold 4,224 shares of Enerpac Tool Group stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $40.99, for a total value of $173,141.76. Following the sale, the director owned 94,136 shares in the company, valued at $3,858,634.64. The trade was a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Enerpac Tool Group Price Performance

EPAC stock traded up $0.66 during midday trading on Monday, reaching $42.42. The company had a trading volume of 66,989 shares, compared to its average volume of 352,448. The firm has a 50-day moving average price of $39.99 and a 200-day moving average price of $42.13. The company has a market capitalization of $2.29 billion, a P/E ratio of 26.02 and a beta of 1.16. Enerpac Tool Group Corp. has a 1 year low of $36.51 and a 1 year high of $51.91. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.90 and a quick ratio of 2.24.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last announced its quarterly earnings data on Monday, June 23rd. The company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.04. The firm had revenue of $158.66 million during the quarter, compared to analyst estimates of $159.35 million. Enerpac Tool Group had a net margin of 14.65% and a return on equity of 24.04%. During the same period in the previous year, the business posted $0.47 EPS. On average, research analysts anticipate that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current fiscal year.

Enerpac Tool Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Tuesday, October 7th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, October 7th. Enerpac Tool Group's dividend payout ratio is 2.45%.

Institutional Trading of Enerpac Tool Group

Several large investors have recently modified their holdings of the business. Elevation Point Wealth Partners LLC purchased a new position in Enerpac Tool Group during the 2nd quarter valued at about $42,000. Assetmark Inc. grew its stake in shares of Enerpac Tool Group by 41.0% in the first quarter. Assetmark Inc. now owns 980 shares of the company's stock worth $44,000 after acquiring an additional 285 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Enerpac Tool Group by 1,556.2% during the first quarter. Russell Investments Group Ltd. now owns 1,209 shares of the company's stock valued at $54,000 after purchasing an additional 1,136 shares during the last quarter. Whittier Trust Co. lifted its position in Enerpac Tool Group by 361.9% during the first quarter. Whittier Trust Co. now owns 1,663 shares of the company's stock valued at $75,000 after purchasing an additional 1,303 shares during the period. Finally, Simplex Trading LLC purchased a new stake in Enerpac Tool Group in the second quarter worth approximately $75,000. 97.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Enerpac Tool Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th.

About Enerpac Tool Group

Enerpac Tool Group Corp. manufactures and sells a range of industrial products and solutions in the United States, the United Kingdom, Germany, Australia, Canada, China, Saudi Arabia, Brazil, France, and internationally. It operates through Industrial Tools & Services and Other segments. The Industrial Tools & Services segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the infrastructure, industrial maintenance, repair and operations, oil and gas, mining, alternative and renewable energy, civil construction, and other markets.