Enerpac Tool Group Corp. (NYSE:EPAC) Director Sells $173,141.76 in Stock

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 the company's 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 of the company's stock, valued at $3,858,634.64. This trade represents a 4.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Enerpac Tool Group Price Performance

Shares of EPAC traded down $0.05 during midday trading on Friday, hitting $41.73. 521,799 shares of the company traded hands, compared to its average volume of 385,291. The firm has a market cap of $2.26 billion, a P/E ratio of 25.60 and a beta of 1.16. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.90 and a quick ratio of 2.24. The stock has a 50-day moving average of $39.99 and a 200-day moving average of $42.15. Enerpac Tool Group Corp. has a one year low of $36.51 and a one year high of $51.91.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last announced its earnings results 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 business had revenue of $158.66 million for the quarter, compared to analyst estimates of $159.35 million. Enerpac Tool Group had a return on equity of 24.04% and a net margin of 14.65%. During the same period in the prior year, the company earned $0.47 EPS. As a group, sell-side analysts predict that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal year.

Enerpac Tool Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Tuesday, October 7th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.4%. The ex-dividend date is Tuesday, October 7th. Enerpac Tool Group's dividend payout ratio (DPR) is presently 2.45%.

Hedge Funds Weigh In On Enerpac Tool Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Public Sector Pension Investment Board grew its position in Enerpac Tool Group by 6.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 184,366 shares of the company's stock worth $7,478,000 after acquiring an additional 11,833 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Enerpac Tool Group by 219.0% during the second quarter. Tower Research Capital LLC TRC now owns 7,033 shares of the company's stock valued at $285,000 after buying an additional 4,828 shares during the last quarter. State of Tennessee Department of Treasury raised its stake in Enerpac Tool Group by 2.4% during the second quarter. State of Tennessee Department of Treasury now owns 25,022 shares of the company's stock valued at $1,015,000 after buying an additional 578 shares during the last quarter. Vident Advisory LLC raised its stake in shares of Enerpac Tool Group by 3.1% in the second quarter. Vident Advisory LLC now owns 66,555 shares of the company's stock worth $2,699,000 after purchasing an additional 2,004 shares during the last quarter. Finally, Engineers Gate Manager LP purchased a new position in shares of Enerpac Tool Group in the second quarter worth $313,000. 97.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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.

Enerpac Tool Group Company Profile

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.