Amalgamated Bank Sells 584 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Amalgamated Bank lowered its position in Enerpac Tool Group Corp. (NYSE:EPAC) by 3.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,006 shares of the company’s stock after selling 584 shares during the quarter. Amalgamated Bank’s holdings in Enerpac Tool Group were worth $670,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of EPAC. Kayne Anderson Rudnick Investment Management LLC boosted its position 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 valued at $154,028,000 after acquiring an additional 2,726,293 shares in the last quarter. Champlain Investment Partners LLC boosted its position in Enerpac Tool Group by 6.2% during the 1st quarter. Champlain Investment Partners LLC now owns 3,191,590 shares of the company’s stock valued at $113,812,000 after acquiring an additional 186,335 shares in the last quarter. Kingdon Capital Management L.L.C. bought a new stake in Enerpac Tool Group during the 1st quarter valued at $5,349,000. Kennedy Capital Management LLC boosted its position in Enerpac Tool Group by 22.6% during the 1st quarter. Kennedy Capital Management LLC now owns 594,327 shares of the company’s stock valued at $21,194,000 after acquiring an additional 109,463 shares in the last quarter. Finally, Sei Investments Co. boosted its position in Enerpac Tool Group by 137.5% during the 2nd quarter. Sei Investments Co. now owns 179,662 shares of the company’s stock valued at $6,859,000 after acquiring an additional 104,019 shares in the last quarter. Institutional investors own 97.70% of the company’s stock.

Enerpac Tool Group Stock Down 1.2 %

Shares of NYSE EPAC opened at $47.55 on Friday. Enerpac Tool Group Corp. has a 12-month low of $27.06 and a 12-month high of $51.91. The stock’s fifty day simple moving average is $43.85 and its two-hundred day simple moving average is $40.62. The company has a current ratio of 2.88, a quick ratio of 2.31 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $2.58 billion, a PE ratio of 30.48 and a beta of 1.14.

Enerpac Tool Group (NYSE:EPAC) last issued its quarterly earnings data 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 net margin of 14.55% and a return on equity of 26.70%. The business 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 company posted $0.42 EPS. As a group, analysts expect that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal year.

Insider Activity

In related news, Director E James Ferland, Jr. sold 1,938 shares of the firm’s 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 owns 86,047 shares in the company, valued at $3,800,695.99. This trade represents a 2.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.87% of the company’s stock.

About Enerpac Tool Group

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.