Short Interest in Enerpac Tool Group Corp. (NYSE:EPAC) Rises By 9.1%

Enerpac Tool Group Corp. (NYSE:EPAC) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 717,000 shares, a growth of 9.1% from the November 15th total of 656,900 shares. Approximately 1.3% of the shares of the stock are short sold. Based on an average trading volume of 351,600 shares, the days-to-cover ratio is presently 2.0 days.

Enerpac Tool Group Stock Down 0.1 %

NYSE:EPAC opened at $48.81 on Tuesday. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 31.29 and a beta of 1.15. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.31 and a current ratio of 2.88. The stock’s fifty day moving average price is $46.68 and its two-hundred day moving average price is $42.22. Enerpac Tool Group has a 52-week low of $28.25 and a 52-week high of $51.91.

Enerpac Tool Group (NYSE:EPAC) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $0.50 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 analyst estimates of $156.70 million. Enerpac Tool Group had a return on equity of 26.70% and a net margin of 14.55%. During the same quarter in the previous year, the business earned $0.42 earnings per share. On average, analysts anticipate that Enerpac Tool Group will post 1.81 EPS for the current year.

Insider Transactions at Enerpac Tool Group

In other Enerpac Tool Group news, Director E James Ferland, Jr. sold 1,938 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The shares were 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 directly owns 86,047 shares of the company’s stock, valued at approximately $3,800,695.99. The trade was a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.87% of the stock is owned by company insiders.

Institutional Investors Weigh In On Enerpac Tool Group

Institutional investors have recently made changes to their positions in the stock. CWM LLC raised its position in shares of Enerpac Tool Group by 89.3% in the 2nd quarter. CWM LLC now owns 2,275 shares of the company’s stock valued at $87,000 after acquiring an additional 1,073 shares during the period. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Enerpac Tool Group in the 2nd quarter valued at $204,000. Louisiana State Employees Retirement System lifted its holdings in Enerpac Tool Group by 1.9% during the second quarter. Louisiana State Employees Retirement System now owns 27,300 shares of the company’s stock worth $1,042,000 after acquiring an additional 500 shares in the last quarter. Legato Capital Management LLC grew its stake in Enerpac Tool Group by 42.1% in the second quarter. Legato Capital Management LLC now owns 9,910 shares of the company’s stock valued at $378,000 after acquiring an additional 2,935 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Enerpac Tool Group by 19.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,563 shares of the company’s stock worth $556,000 after acquiring an additional 2,349 shares in the last quarter. 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.