Insider Selling: Enerpac Tool Group Corp. (NYSE:EPAC) Director Sells 1,938 Shares of Stock

Enerpac Tool Group Corp. (NYSE:EPAC) 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 value of $85,601.46. Following the completion of the transaction, the director now 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Enerpac Tool Group Stock Performance

Shares of EPAC stock opened at $43.74 on Friday. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 28.33 and a beta of 1.15. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.85 and a quick ratio of 2.20. The business has a fifty day moving average of $41.54 and a 200 day moving average of $39.26. Enerpac Tool Group Corp. has a 1 year low of $27.06 and a 1 year high of $44.88.

Enerpac Tool Group (NYSE:EPAC) 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). The firm had revenue of $158.71 million during the quarter, compared to analysts’ expectations of $156.70 million. Enerpac Tool Group had a return on equity of 26.80% and a net margin of 14.13%. During the same quarter last year, the business earned $0.42 EPS. As a group, research analysts expect that Enerpac Tool Group Corp. will post 1.75 earnings per share for the current year.

Enerpac Tool Group Announces Dividend

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

Institutional Investors Weigh In On Enerpac Tool Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EPAC. GAMMA Investing LLC grew its position in Enerpac Tool Group by 90.1% during the 1st quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock worth $33,000 after purchasing an additional 444 shares during the period. Diversified Trust Co grew its position in Enerpac Tool Group by 34.9% during the 1st quarter. Diversified Trust Co now owns 26,975 shares of the company’s stock worth $962,000 after purchasing an additional 6,975 shares during the period. Allspring Global Investments Holdings LLC grew its position in Enerpac Tool Group by 19.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 53,266 shares of the company’s stock worth $1,899,000 after purchasing an additional 8,572 shares during the period. Daiwa Securities Group Inc. acquired a new stake in shares of Enerpac Tool Group during the 1st quarter valued at about $411,000. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Enerpac Tool Group during the 1st quarter valued at about $580,000. 97.70% of the stock is owned by institutional investors and hedge funds.

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.