10,541 Shares in Enerpac Tool Group Corp. (NYSE:EPAC) Acquired by Intech Investment Management LLC

Intech Investment Management LLC bought a new position in Enerpac Tool Group Corp. (NYSE:EPAC) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 10,541 shares of the company’s stock, valued at approximately $442,000.

Other hedge funds have also recently made changes to their positions in the company. Exchange Traded Concepts LLC purchased a new position in shares of Enerpac Tool Group in the 3rd quarter worth approximately $40,000. GAMMA Investing LLC boosted its position in Enerpac Tool Group by 31.2% during the third quarter. GAMMA Investing LLC now owns 1,000 shares of the company’s stock valued at $42,000 after purchasing an additional 238 shares in the last quarter. USA Financial Formulas raised its stake 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 worth $79,000 after acquiring an additional 254 shares in the last quarter. CWM LLC increased its position in shares of Enerpac Tool Group by 89.3% during the second quarter. CWM LLC now owns 2,275 shares of the company’s stock worth $87,000 after purchasing an additional 1,073 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in shares of Enerpac Tool Group in the 2nd quarter valued at approximately $204,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Enerpac Tool Group

In other news, Director E James Ferland, Jr. sold 1,938 shares of the firm’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 transaction, the director now directly owns 86,047 shares of the company’s stock, valued at approximately $3,800,695.99. This trade represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.87% of the stock is owned by corporate insiders.

Enerpac Tool Group Stock Performance

Shares of EPAC opened at $49.21 on Tuesday. Enerpac Tool Group Corp. has a one year low of $27.94 and a one year high of $51.91. The stock has a 50-day moving average of $45.30 and a two-hundred day moving average of $41.43. 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 market cap of $2.67 billion, a P/E ratio of 31.51 and a beta of 1.14.

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

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.