Enerpac Tool Group Corp. (NYSE:EPAC) Director Sells $85,601.46 in Stock

Enerpac Tool Group Corp. (NYSE:EPAC - Get Free Report) Director E James Ferland, Jr. sold 1,938 shares of the company'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 transaction, the director now owns 86,047 shares of the company's stock, valued at approximately $3,800,695.99. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Enerpac Tool Group Stock Performance

Shares of Enerpac Tool Group stock traded down $0.22 on Wednesday, reaching $43.49. 289,658 shares of the stock were exchanged, compared to its average volume of 293,400. The company has a current ratio of 2.85, a quick ratio of 2.20 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $2.36 billion, a PE ratio of 28.60 and a beta of 1.15. Enerpac Tool Group Corp. has a 1-year low of $27.06 and a 1-year high of $44.88. The business has a fifty day moving average price of $41.46 and a two-hundred day moving average price of $39.23.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last issued its earnings results on Tuesday, October 15th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.03). Enerpac Tool Group had a return on equity of 26.80% and a net margin of 14.13%. The business had revenue of $158.71 million for the quarter, compared to analysts' expectations of $156.70 million. During the same period last year, the company posted $0.42 earnings per share. As a group, research analysts anticipate that Enerpac Tool Group Corp. will post 1.75 earnings per share for the current fiscal year.

Enerpac Tool Group Announces Dividend

The business also recently declared an annual dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, October 7th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, October 7th. This represents a dividend yield of 0.1%. Enerpac Tool Group's dividend payout ratio (DPR) is presently 2.63%.

Institutional Trading of Enerpac Tool Group

Several hedge funds and other institutional investors have recently made changes to their positions in EPAC. GAMMA Investing LLC grew its position in Enerpac Tool Group by 90.1% during the first quarter. GAMMA Investing LLC now owns 937 shares of the company's stock worth $33,000 after buying an additional 444 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of Enerpac Tool Group in the 3rd quarter worth approximately $40,000. USA Financial Formulas increased its stake in Enerpac Tool Group by 15.5% in the 3rd quarter. USA Financial Formulas now owns 1,895 shares of the company's stock valued at $79,000 after purchasing an additional 254 shares in the last quarter. CWM LLC boosted its position in Enerpac Tool Group by 89.3% during the second quarter. CWM LLC now owns 2,275 shares of the company's stock worth $87,000 after purchasing an additional 1,073 shares in the last quarter. Finally, Mechanics Bank Trust Department acquired a new stake in Enerpac Tool Group in the third quarter valued at $210,000. Institutional investors and hedge funds own 97.70% of the company's stock.

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.

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