Enerpac Tool Group (NYSE:EPAC) Stock: Insider Benjamin James Topercer Sells 4,800 Shares

Enerpac Tool Group Corp. (NYSE:EPAC) EVP Benjamin James Topercer sold 4,800 shares of the stock in a transaction on Monday, November 2nd. The shares were 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 of the company’s stock, valued at approximately $2,416,339.10. This trade represents a 7.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Enerpac Tool Group Stock Performance

NYSE:EPAC opened at $42.39 on Thursday. The company has a market capitalization of $2.18 billion, a P/E ratio of 24.65 and a beta of 0.81. The business has a fifty day simple moving average of $36.32 and a two-hundred day simple moving average of $36.68. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.73 and a quick ratio of 2.26. Enerpac Tool Group Corp. has a 1 year low of $32.35 and a 1 year high of $43.97.

Enerpac Tool Group (NYSE:EPAC) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $185.73 million for the quarter, compared to analysts’ expectations of $172.68 million. During the same quarter in the prior year, the firm earned $0.52 EPS. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, analysts expect that Enerpac Tool Group Corp. will post 2.05 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EPAC. Cooke & Bieler LP increased its holdings in shares of Enerpac Tool Group by 1.6% in the third quarter. Cooke & Bieler LP now owns 1,305,296 shares of the company’s stock worth $45,542,000 after purchasing an additional 20,752 shares during the period. Jennison Associates LLC raised its position in shares of Enerpac Tool Group by 2.5% in the first quarter. Jennison Associates LLC now owns 679,974 shares of the company’s stock worth $24,799,000 after buying an additional 16,905 shares in the last quarter. Southernsun Asset Management LLC boosted its stake in Enerpac Tool Group by 10.7% during the first 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 during the period. Principal Financial Group Inc. boosted its stake in Enerpac Tool Group by 1.9% during the first quarter. Principal Financial Group Inc. now owns 258,133 shares of the company’s stock valued at $9,414,000 after buying an additional 4,761 shares during the period. Finally, Gamco Investors INC. ET AL grew its position in Enerpac Tool Group by 21.2% during the first quarter. Gamco Investors INC. ET AL now owns 188,150 shares of the company’s stock worth $6,862,000 after buying an additional 32,850 shares in the last quarter. Institutional investors own 97.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on EPAC shares. Roth Capital reissued a “buy” rating and issued a $50.00 price target 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 report 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 note on Tuesday, October 13th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $50.00.

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.