Intech Investment Management LLC Buys Shares of 10,541 Enerpac Tool Group Corp. (NYSE:EPAC)

Intech Investment Management LLC purchased a new stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,541 shares of the company's stock, valued at approximately $442,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Quest Partners LLC bought a new stake in Enerpac Tool Group in the 3rd quarter valued at $1,312,000. Hennion & Walsh Asset Management Inc. acquired a new position in Enerpac Tool Group in the second quarter valued at about $204,000. CWM LLC raised its stake in Enerpac Tool Group by 89.3% during the 2nd quarter. CWM LLC now owns 2,275 shares of the company's stock worth $87,000 after buying an additional 1,073 shares during the period. Sei Investments Co. increased its position in shares of Enerpac Tool Group by 137.5% during the second 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 in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Enerpac Tool Group by 5.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,416 shares of the company's stock worth $1,123,000 after acquiring an additional 1,488 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company's stock.

Insider Buying and Selling at Enerpac Tool Group

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 value of $85,601.46. Following the completion of the sale, the director now directly owns 86,047 shares of the company's stock, valued at $3,800,695.99. The trade was a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.87% of the company's stock.

Enerpac Tool Group Stock Performance

EPAC stock traded down $0.97 during trading hours on Tuesday, reaching $48.24. The stock had a trading volume of 247,369 shares, compared to its average volume of 301,073. The stock has a 50-day simple moving average of $45.30 and a 200 day simple moving average of $41.43. The stock has a market capitalization of $2.61 billion, a PE ratio of 31.00 and a beta of 1.15. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.88 and a quick ratio of 2.31. Enerpac Tool Group Corp. has a fifty-two week low of $27.94 and a fifty-two week high of $51.91.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last issued its earnings results on Tuesday, October 15th. The company reported $0.50 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.03). The business had revenue of $158.71 million during the quarter, compared to analyst estimates 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 prior year, the business posted $0.42 EPS. Analysts predict that Enerpac Tool Group Corp. will post 1.81 EPS 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.