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

Posted by Andrew Walz on Nov 8th, 2024

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 NYSE:EPAC opened at $50.64 on Friday. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 32.46 and a beta of 1.14. The business has a 50 day moving average price of $42.55 and a 200 day moving average price of $39.98. 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 Corp. has a twelve month low of $27.06 and a twelve month high of $51.64.

Enerpac Tool Group (NYSE:EPAC – Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03). The company 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 posted $0.42 EPS. Research analysts predict that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current year.

Insider Buying and Selling at Enerpac Tool Group

In other news, Director E James Ferland, Jr. sold 1,938 shares of the stock in a transaction on 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 owns 86,047 shares in the company, valued at approximately $3,800,695.99. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EPAC. Kayne Anderson Rudnick Investment Management LLC grew its position in Enerpac Tool Group by 208.4% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,034,256 shares of the company’s stock worth $154,028,000 after buying an additional 2,726,293 shares in the last quarter. Champlain Investment Partners LLC lifted its position in shares of Enerpac Tool Group by 6.2% in the 1st quarter. Champlain Investment Partners LLC now owns 3,191,590 shares of the company’s stock worth $113,812,000 after acquiring an additional 186,335 shares during the period. Kingdon Capital Management L.L.C. acquired a new stake in shares of Enerpac Tool Group during the 1st quarter worth approximately $5,349,000. Kennedy Capital Management LLC lifted its position in Enerpac Tool Group by 22.6% in the first 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 period. Finally, Sei Investments Co. boosted its stake in Enerpac Tool Group by 137.5% during the second quarter. Sei Investments Co. now owns 179,662 shares of the company’s stock worth $6,859,000 after buying an additional 104,019 shares in the last quarter. Institutional investors 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

(Get Free Report)

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.