Rep. Josh Gottheimer Purchases Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Representative Josh Gottheimer (D-New Jersey) recently bought shares of Enerpac Tool Group Corp. NYSE: EPAC. In a filing disclosed on November 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in Enerpac Tool Group stock on October 25th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Texas Capital Bancshares NASDAQ: TCBI on 10/31/2024.
• Sold $1,001 - $15,000 in shares of ITT NYSE: ITT on 10/31/2024.
• Sold $1,001 - $15,000 in shares of Stifel Financial NYSE: SF on 10/31/2024.
• Sold $1,001 - $15,000 in shares of ICU Medical NASDAQ: ICUI on 10/31/2024.
• Sold $1,001 - $15,000 in shares of AppFolio NASDAQ: APPF on 10/31/2024.
• Purchased $1,001 - $15,000 in shares of Gates Industrial NYSE: GTES on 10/31/2024.
• Purchased $1,001 - $15,000 in shares of Techtronic Industries OTCMKTS: TTNDY on 10/29/2024.
• Purchased $1,001 - $15,000 in shares of Techtronic Industries OTCMKTS: TTNDY on 10/28/2024.
• Purchased $1,001 - $15,000 in shares of Disco OTCMKTS: DSCSY on 10/28/2024.
• Purchased $1,001 - $15,000 in shares of Disco OTCMKTS: DSCSY on 10/25/2024.

Enerpac Tool Group Price Performance

Shares of EPAC stock traded up $0.26 during trading hours on Friday, reaching $50.90. The company's stock had a trading volume of 375,495 shares, compared to its average volume of 298,447. The firm's 50 day simple moving average is $42.74 and its 200-day simple moving average is $40.06. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 32.96 and a beta of 1.14. Enerpac Tool Group Corp. has a fifty-two week low of $27.06 and a fifty-two week high of $51.79. The company has a quick ratio of 2.31, a current ratio of 2.88 and a debt-to-equity ratio of 0.48.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last released its quarterly earnings data on Tuesday, October 15th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.03). Enerpac Tool Group had a net margin of 14.55% and a return on equity of 26.70%. The firm had revenue of $158.71 million for the quarter, compared to analyst estimates of $156.70 million. During the same period last year, the business earned $0.42 EPS. Sell-side analysts forecast that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current year.

Insider Buying and Selling

In related news, Director E James Ferland, Jr. sold 1,938 shares of the firm's stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $44.17, for a total transaction of $85,601.46. Following the completion of the transaction, the director now directly owns 86,047 shares of the company's stock, valued at $3,800,695.99. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.87% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Enerpac Tool Group

Several hedge funds have recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Enerpac Tool Group by 208.4% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,034,256 shares of the company's stock valued at $154,028,000 after acquiring an additional 2,726,293 shares in the last quarter. Champlain Investment Partners LLC raised its position in Enerpac Tool Group by 6.2% during the 1st quarter. Champlain Investment Partners LLC now owns 3,191,590 shares of the company's stock worth $113,812,000 after purchasing an additional 186,335 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Enerpac Tool Group by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,542,000 shares of the company's stock worth $58,874,000 after purchasing an additional 53,055 shares during the last quarter. Kennedy Capital Management LLC raised its position in Enerpac Tool Group by 22.6% during the 1st quarter. Kennedy Capital Management LLC now owns 594,327 shares of the company's stock worth $21,194,000 after purchasing an additional 109,463 shares during the last quarter. Finally, Leeward Investments LLC MA raised its position in Enerpac Tool Group by 5.6% during the 2nd quarter. Leeward Investments LLC MA now owns 300,522 shares of the company's stock worth $11,474,000 after purchasing an additional 15,987 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company's stock.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer's career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer's committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.