E James Ferland, Jr. Sells 1,938 Shares of Enerpac Tool Group Corp. (NYSE:EPAC) Stock

Enerpac Tool Group Corp. (NYSE:EPAC) 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 value of $85,601.46. Following the sale, the director now owns 86,047 shares of the company’s stock, valued at approximately $3,800,695.99. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Enerpac Tool Group Stock Up 0.6 %

Enerpac Tool Group stock opened at $43.74 on Friday. The business has a fifty day moving average of $41.54 and a two-hundred day moving average of $39.26. The company has a quick ratio of 2.20, a current ratio of 2.85 and a debt-to-equity ratio of 0.52. The firm has a market cap of $2.38 billion, a P/E ratio of 28.33 and a beta of 1.15. Enerpac Tool Group Corp. has a twelve month low of $27.06 and a twelve month high of $44.88.

Enerpac Tool Group (NYSE:EPAC) last posted its earnings results on Tuesday, October 15th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The company had revenue of $158.71 million for 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 in the prior year, the company earned $0.42 EPS. On average, analysts forecast that Enerpac Tool Group Corp. will post 1.75 earnings per share for the current fiscal year.

Enerpac Tool Group Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, October 7th were issued a dividend of $0.04 per share. The ex-dividend date was Monday, October 7th. This represents a dividend yield of 0.1%. Enerpac Tool Group’s dividend payout ratio 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 the business. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Enerpac Tool Group during the 3rd quarter valued at $235,000. Exchange Traded Concepts LLC purchased a new stake in shares of Enerpac Tool Group during the 3rd quarter valued at $40,000. Mechanics Bank Trust Department purchased a new stake in shares of Enerpac Tool Group during the 3rd quarter valued at $210,000. USA Financial Formulas lifted its holdings in shares of Enerpac Tool Group by 15.5% during 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 during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Enerpac Tool Group by 31.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,000 shares of the company’s stock valued at $42,000 after purchasing an additional 238 shares during 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. 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.