Daiwa Securities Group Inc. Boosts Holdings in Enerpac Tool Group Corp. (NYSE:EPAC)

Daiwa Securities Group Inc. lifted its holdings in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 22.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,793 shares of the company's stock after buying an additional 13,496 shares during the quarter. Daiwa Securities Group Inc. owned approximately 0.14% of Enerpac Tool Group worth $3,091,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EPAC. Charles Schwab Investment Management Inc. grew its stake in Enerpac Tool Group by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 621,456 shares of the company's stock valued at $26,033,000 after acquiring an additional 6,903 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Enerpac Tool Group in the 3rd quarter worth approximately $442,000. Quest Partners LLC acquired a new position in shares of Enerpac Tool Group in the 3rd quarter worth approximately $1,312,000. Chesapeake Capital Corp IL increased its stake in Enerpac Tool Group by 28.6% during the 3rd quarter. Chesapeake Capital Corp IL now owns 11,963 shares of the company's stock worth $501,000 after buying an additional 2,664 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Enerpac Tool Group by 8.7% during the 3rd quarter. Victory Capital Management Inc. now owns 25,219 shares of the company's stock worth $1,056,000 after buying an additional 2,026 shares during the period. Hedge funds and other institutional investors own 97.70% of the company's stock.

Insider Buying and Selling

In other Enerpac Tool Group news, Director E James Ferland, Jr. sold 1,938 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 86,047 shares of the company's stock, valued at approximately $3,800,695.99. This represents a 2.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.87% of the stock is owned by insiders.

Enerpac Tool Group Price Performance

Shares of EPAC opened at $47.83 on Thursday. Enerpac Tool Group Corp. has a fifty-two week low of $27.06 and a fifty-two week high of $51.91. The firm's 50 day moving average price is $45.05 and its 200 day moving average price is $41.25. The company has a market cap of $2.59 billion, a P/E ratio of 30.66 and a beta of 1.14. The company has a quick ratio of 2.31, a current ratio of 2.88 and a debt-to-equity ratio of 0.48.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last announced 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 analysts' expectations of $156.70 million. During the same period in the previous year, the company earned $0.42 earnings per share. On average, research analysts forecast that Enerpac Tool Group Corp. will post 1.81 earnings per share for the current fiscal year.

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.