Enerpac Tool Group (NYSE:EPAC) EVP Sells $198,240.00 in Stock

Key Points

• Enerpac EVP Benjamin James Topercer sold 4,800 shares for $198,240 at $41.30 per share under a pre-arranged Rule 10b5-1 plan, reducing his position by 7.58% to 58,507 shares.
• Enerpac’s latest quarterly results topped estimates: earnings were $0.53 per share versus $0.52 expected, and revenue of $185.73 million exceeded forecasts and rose 10.9% year over year.
• The shares fell 2.8% to $42.24 in Tuesday trading. Analysts’ consensus rating was Hold, with a $50 average price target.

Enerpac Tool Group Corp. (NYSE:EPAC - Get Free Report) EVP Benjamin James Topercer sold 4,800 shares of the firm's stock in a transaction 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 sale, the executive vice president directly owned 58,507 shares of the company's stock, valued at approximately $2,416,339.10. This trade represents a 7.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Enerpac Tool Group Stock Down 2.8%

Shares of Enerpac Tool Group stock traded down $1.21 during trading on Tuesday, hitting $42.24. 729,788 shares of the stock were exchanged, compared to its average volume of 434,844. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 24.56 and a beta of 0.81. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.67 and a quick ratio of 2.04. Enerpac Tool Group Corp. has a 12-month low of $32.35 and a 12-month high of $43.97. The firm's 50-day moving average price is $36.12 and its 200 day moving average price is $36.67.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.01. The firm had revenue of $185.73 million for the quarter, compared to analyst estimates of $172.68 million. Enerpac Tool Group had a return on equity of 23.18% and a net margin of 13.74%. Enerpac Tool Group's quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.52 earnings per share. As a group, analysts forecast that Enerpac Tool Group Corp. will post 2.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. 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. Finally, 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. One 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, the stock currently has an average rating of "Hold" and a consensus price target of $50.00.

Hedge Funds Weigh In On Enerpac Tool Group

A number of large investors have recently modified their holdings of EPAC. Associated Banc Corp acquired a new position in Enerpac Tool Group in the 3rd quarter worth about $359,000. Integrity Alliance LLC. acquired a new position in shares of Enerpac Tool Group during the third quarter worth approximately $1,100,000. Moody Aldrich Partners LLC increased its stake 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 purchasing an additional 3,656 shares in the last quarter. Sterling Capital Management LLC grew its holdings in shares of Enerpac Tool Group by 849.2% during the third quarter. Sterling Capital Management LLC now owns 1,737 shares of the company's stock valued at $61,000 after buying an additional 1,554 shares during the last quarter. Finally, Inspire Investing LLC purchased a new position in shares of Enerpac Tool Group during the third quarter valued at approximately $632,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

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.

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