Enerpac Tool Group Corp. (NYSE:EPAC) Position Boosted by Geode Capital Management LLC

Geode Capital Management LLC raised its position in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 1.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,236,259 shares of the company's stock after purchasing an additional 21,056 shares during the quarter. Geode Capital Management LLC owned about 2.28% of Enerpac Tool Group worth $51,797,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Intech Investment Management LLC bought a new position in Enerpac Tool Group during the third quarter valued at about $442,000. Quest Partners LLC acquired a new stake in Enerpac Tool Group in the 3rd quarter valued at about $1,312,000. State Street Corp boosted its position in shares of Enerpac Tool Group by 16.3% during the 3rd quarter. State Street Corp now owns 2,393,472 shares of the company's stock valued at $100,263,000 after purchasing an additional 336,323 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Enerpac Tool Group by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 621,456 shares of the company's stock worth $26,033,000 after purchasing an additional 6,903 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Enerpac Tool Group by 137.5% in the 2nd quarter. Sei Investments Co. now owns 179,662 shares of the company's stock worth $6,859,000 after purchasing an additional 104,019 shares in the last quarter. 97.70% of the stock is owned by institutional investors.

Insider Activity 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 transaction of $85,601.46. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.87% of the stock is currently owned by corporate insiders.

Enerpac Tool Group Price Performance

EPAC stock traded down $1.75 on Monday, hitting $42.41. 475,622 shares of the company's stock traded hands, compared to its average volume of 310,201. 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 cap of $2.31 billion, a price-to-earnings ratio of 27.19 and a beta of 1.15. Enerpac Tool Group Corp. has a 1-year low of $28.25 and a 1-year high of $51.91. The stock has a fifty day moving average of $46.92 and a 200-day moving average of $42.42.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last released its quarterly earnings data on Wednesday, December 18th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate 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, analysts forecast that Enerpac Tool Group Corp. will post 1.81 EPS for the current fiscal 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.