Charles Schwab Investment Management Inc. Has $26.03 Million Stake in Enerpac Tool Group Corp. (NYSE:EPAC)

Charles Schwab Investment Management Inc. grew its position in Enerpac Tool Group Corp. (NYSE:EPAC) by 1.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 621,456 shares of the company’s stock after purchasing an additional 6,903 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.15% of Enerpac Tool Group worth $26,033,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC boosted its stake in shares of Enerpac Tool Group by 89.3% in the second quarter. CWM LLC now owns 2,275 shares of the company’s stock valued at $87,000 after buying an additional 1,073 shares during the period. Diversified Trust Co boosted its stake in shares of Enerpac Tool Group by 2.4% in the second quarter. Diversified Trust Co now owns 27,625 shares of the company’s stock valued at $1,055,000 after buying an additional 650 shares during the period. Andina Capital Management LLC boosted its stake in shares of Enerpac Tool Group by 25.6% in the second quarter. Andina Capital Management LLC now owns 13,743 shares of the company’s stock valued at $525,000 after buying an additional 2,804 shares during the period. Leeward Investments LLC MA boosted its stake in shares of Enerpac Tool Group by 5.6% in the second quarter. Leeward Investments LLC MA now owns 300,522 shares of the company’s stock valued at $11,474,000 after buying an additional 15,987 shares during the period. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in shares of Enerpac Tool Group in the second quarter valued at approximately $204,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Insiders Place Their Bets

In other news, Director E James Ferland, Jr. sold 1,938 shares of the stock in a transaction on Tuesday, October 22nd. The stock was 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 in the company, valued at approximately $3,800,695.99. This represents a 2.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.87% of the company’s stock.

Enerpac Tool Group Trading Up 1.4 %

Shares of EPAC stock opened at $48.90 on Thursday. The stock has a 50 day simple moving average of $45.70 and a 200 day simple moving average of $41.63. The company has a current ratio of 2.88, a quick ratio of 2.31 and a debt-to-equity ratio of 0.48. Enerpac Tool Group Corp. has a 1 year low of $28.24 and a 1 year high of $51.91. The stock has a market cap of $2.65 billion, a P/E ratio of 31.35 and a beta of 1.15.

Enerpac Tool Group (NYSE:EPAC) last released its 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 return on equity of 26.70% and a net margin of 14.55%. The business had revenue of $158.71 million for the quarter, compared to the consensus estimate of $156.70 million. During the same quarter in the previous year, the company earned $0.42 earnings per share. On average, research analysts predict that Enerpac Tool Group Corp. will post 1.81 earnings per share for the current fiscal 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.