Jane Street Group LLC Cuts Position in Enerpac Tool Group Corp. (NYSE:EPAC)

Jane Street Group LLC reduced its position in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 22.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,036 shares of the company's stock after selling 28,657 shares during the period. Jane Street Group LLC owned 0.18% of Enerpac Tool Group worth $4,191,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in EPAC. Quarry LP raised its position in shares of Enerpac Tool Group by 110.7% in the third quarter. Quarry LP now owns 830 shares of the company's stock valued at $35,000 after buying an additional 436 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in Enerpac Tool Group in the 3rd quarter valued at about $40,000. GAMMA Investing LLC lifted its stake in Enerpac Tool Group by 31.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,000 shares of the company's stock worth $42,000 after purchasing an additional 238 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Enerpac Tool Group during the 3rd quarter worth approximately $42,000. Finally, USA Financial Formulas grew its position in shares of Enerpac Tool Group by 15.5% in the third quarter. USA Financial Formulas now owns 1,895 shares of the company's stock valued at $79,000 after purchasing an additional 254 shares in the last quarter. 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 company'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 transaction, the director now owns 86,047 shares of the company's stock, valued at $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 hyperlink. 0.87% of the stock is owned by insiders.

Enerpac Tool Group Price Performance

Shares of NYSE:EPAC traded down $1.14 during midday trading on Thursday, hitting $44.87. The company had a trading volume of 872,891 shares, compared to its average volume of 304,224. The business's 50-day simple moving average is $46.91 and its 200-day simple moving average is $42.32. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 28.76 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 twelve month low of $28.25 and a twelve month high of $51.91.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last issued its earnings results on Wednesday, December 18th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.01). Enerpac Tool Group had a return on equity of 26.70% and a net margin of 14.55%. On average, research analysts predict that Enerpac Tool Group Corp. will post 1.81 earnings per share for the current year.

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.