Victory Capital Management Inc. Has $1.06 Million Stake in Enerpac Tool Group Corp. (NYSE:EPAC)

Victory Capital Management Inc. raised its stake in Enerpac Tool Group Corp. (NYSE:EPAC) by 8.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,219 shares of the company’s stock after purchasing an additional 2,026 shares during the period. Victory Capital Management Inc.’s holdings in Enerpac Tool Group were worth $1,056,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in EPAC. Kayne Anderson Rudnick Investment Management LLC raised its stake in Enerpac Tool Group by 208.4% during the 2nd 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 during the period. Sei Investments Co. grew its position in Enerpac Tool Group by 137.5% in the 2nd quarter. Sei Investments Co. now owns 179,662 shares of the company’s stock valued at $6,859,000 after purchasing an additional 104,019 shares during the period. Squarepoint Ops LLC acquired a new position in Enerpac Tool Group during the second quarter worth $3,106,000. Dimensional Fund Advisors LP grew its holdings in shares of Enerpac Tool Group by 3.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,542,000 shares of the company’s stock valued at $58,874,000 after buying an additional 53,055 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Enerpac Tool Group by 422.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 60,297 shares of the company’s stock worth $2,302,000 after acquiring an additional 48,765 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Enerpac Tool Group Stock Performance

Shares of EPAC opened at $48.48 on Wednesday. Enerpac Tool Group Corp. has a 52 week low of $27.06 and a 52 week high of $51.91. 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 has a 50 day moving average price of $44.92 and a two-hundred day moving average price of $41.21. The firm has a market capitalization of $2.63 billion, a P/E ratio of 31.08 and a beta of 1.14.

Enerpac Tool Group (NYSE:EPAC) last released its quarterly earnings results on Tuesday, October 15th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The company had revenue of $158.71 million during the quarter, compared to analysts’ expectations of $156.70 million. Enerpac Tool Group had a net margin of 14.55% and a return on equity of 26.70%. During the same period in the previous year, the company posted $0.42 earnings per share. Equities analysts forecast that Enerpac Tool Group Corp. will post 1.81 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director E James Ferland, Jr. sold 1,938 shares of Enerpac Tool Group 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 sale, the director now directly owns 86,047 shares in the company, valued at $3,800,695.99. The trade was a 2.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.87% of the stock is currently owned by insiders.

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.