Mutual of America Capital Management LLC Sells 751 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Mutual of America Capital Management LLC cut its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 8.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,167 shares of the company’s stock after selling 751 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Enerpac Tool Group were worth $342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Enerpac Tool Group by 208.4% in 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 acquiring an additional 2,726,293 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Enerpac Tool Group by 137.5% in the 2nd quarter. Sei Investments Co. now owns 179,662 shares of the company’s stock worth $6,859,000 after acquiring an additional 104,019 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of Enerpac Tool Group in the 2nd quarter worth approximately $3,106,000. Dimensional Fund Advisors LP lifted its holdings in shares of Enerpac Tool Group by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,542,000 shares of the company’s stock worth $58,874,000 after acquiring an additional 53,055 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in shares of Enerpac Tool Group by 422.9% in the second quarter. Daiwa Securities Group Inc. now owns 60,297 shares of the company’s stock worth $2,302,000 after buying an additional 48,765 shares during the period. 97.70% of the stock is currently owned by institutional investors.

Enerpac Tool Group Stock Down 1.3 %

Shares of NYSE EPAC opened at $47.83 on Friday. 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 52 week low of $27.06 and a 52 week high of $51.91. The firm’s fifty day moving average is $45.17 and its 200 day moving average is $41.30. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 30.66 and a beta of 1.14.

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

Insider Buying and Selling

In other Enerpac Tool Group news, Director E James Ferland, Jr. sold 1,938 shares of the business’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $44.17, for a total transaction of $85,601.46. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.87% of the stock is 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.