Bridgewater Associates LP Purchases New Holdings in Enerpac Tool Group Corp. (NYSE:EPAC)

Bridgewater Associates LP purchased a new position in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 14,143 shares of the company's stock, valued at approximately $592,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings 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 during the period. XTX Topco Ltd raised its position in shares of Enerpac Tool Group by 3.5% during the 2nd quarter. XTX Topco Ltd now owns 7,497 shares of the company's stock valued at $286,000 after purchasing an additional 251 shares during the period. USA Financial Formulas lifted 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 valued at $79,000 after buying an additional 254 shares in the last quarter. Arizona State Retirement System increased its stake in Enerpac Tool Group by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 15,188 shares of the company's stock worth $580,000 after buying an additional 312 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in Enerpac Tool Group by 1.9% during the second quarter. Louisiana State Employees Retirement System now owns 27,300 shares of the company's stock valued at $1,042,000 after acquiring an additional 500 shares during the period. 97.70% of the stock is owned by institutional investors.

Enerpac Tool Group Price Performance

Shares of NYSE EPAC traded down $0.95 during mid-day trading on Tuesday, reaching $48.27. The company's stock had a trading volume of 247,369 shares, compared to its average volume of 300,612. 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 52 week low of $27.94 and a 52 week high of $51.91. The stock has a fifty day moving average of $45.30 and a two-hundred day moving average of $41.43. The firm has a market capitalization of $2.62 billion, a PE ratio of 31.00 and a beta of 1.15.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 period last year, the business earned $0.42 earnings per share. As a group, sell-side analysts anticipate that Enerpac Tool Group Corp. will post 1.81 EPS for the current fiscal year.

Insider Activity at Enerpac Tool Group

In other Enerpac Tool Group news, Director E James Ferland, Jr. sold 1,938 shares of Enerpac Tool Group 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 transaction, the director now directly owns 86,047 shares of the company's stock, valued at $3,800,695.99. This trade represents a 2.20 % decrease in their position. The sale 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 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.