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

Enerpac Tool Group Corp. (NYSE:EPAC) EVP Benjamin James Topercer sold 4,800 shares of the stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $41.30, for a total transaction of $198,240.00. Following the transaction, the executive vice president owned 58,507 shares of the company’s stock, valued at approximately $2,416,339.10. The trade was a 7.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Enerpac Tool Group Stock Performance

NYSE EPAC opened at $39.20 on Friday. The company has a market capitalization of $2.01 billion, a PE ratio of 22.79 and a beta of 0.81. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.26 and a current ratio of 2.73. Enerpac Tool Group Corp. has a 52-week low of $32.35 and a 52-week high of $43.97. The company has a 50-day simple moving average of $36.35 and a 200 day simple moving average of $36.67.

Enerpac Tool Group (NYSE:EPAC) last released its earnings results on Wednesday, October 28th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. Enerpac Tool Group had a net margin of 13.74% and a return on equity of 22.74%. The firm had revenue of $185.73 million for the quarter, compared to analysts’ expectations of $172.68 million. During the same period in the previous year, the company earned $0.52 earnings per share. The company’s quarterly revenue was up 10.9% on a year-over-year basis. On average, research analysts predict that Enerpac Tool Group Corp. will post 2.05 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Roth Capital reaffirmed a “buy” rating and issued a $50.00 price target on shares of Enerpac Tool Group in a report on Thursday, July 9th. Zacks Research raised Enerpac Tool Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 8th. Finally, Weiss Ratings raised Enerpac Tool Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 13th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Enerpac Tool Group has an average rating of “Hold” and an average price target of $50.00.

Institutional Investors Weigh In On Enerpac Tool Group

Large investors have recently added to or reduced their stakes in the company. Polar Asset Management Partners Inc. bought a new stake in shares of Enerpac Tool Group in the first quarter valued at approximately $2,255,000. Squarepoint Ops LLC lifted its stake in shares of Enerpac Tool Group by 403.9% during the 2nd quarter. Squarepoint Ops LLC now owns 140,524 shares of the company’s stock valued at $5,039,000 after buying an additional 112,635 shares in the last quarter. Southernsun Asset Management LLC lifted its stake in shares of Enerpac Tool Group by 10.7% during the 1st quarter. Southernsun Asset Management LLC now owns 664,874 shares of the company’s stock valued at $24,248,000 after buying an additional 64,192 shares in the last quarter. Gabelli Funds LLC lifted its stake in shares of Enerpac Tool Group by 128.0% during the 1st quarter. Gabelli Funds LLC now owns 57,000 shares of the company’s stock valued at $2,079,000 after buying an additional 32,000 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in shares of Enerpac Tool Group by 21.2% during the 1st quarter. Gamco Investors INC. ET AL now owns 188,150 shares of the company’s stock valued at $6,862,000 after buying an additional 32,850 shares in the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

About Enerpac Tool Group

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.