Enerpac Tool Group Corp. (NYSE:EPAC) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its position in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 27.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 120,748 shares of the company's stock after selling 44,784 shares during the period. JPMorgan Chase & Co. owned about 0.22% of Enerpac Tool Group worth $5,058,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its stake in Enerpac Tool Group by 31.2% during 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 during the period. XTX Topco Ltd boosted its stake in shares of Enerpac Tool Group by 3.5% during the second quarter. XTX Topco Ltd now owns 7,497 shares of the company's stock worth $286,000 after buying an additional 251 shares during the period. USA Financial Formulas grew its holdings in shares of Enerpac Tool Group by 15.5% during the third quarter. USA Financial Formulas now owns 1,895 shares of the company's stock worth $79,000 after buying an additional 254 shares during the last quarter. SkyView Investment Advisors LLC increased its position in Enerpac Tool Group by 1.6% in the 3rd quarter. SkyView Investment Advisors LLC now owns 17,014 shares of the company's stock valued at $713,000 after acquiring an additional 276 shares during the period. Finally, Quarry LP raised its stake in Enerpac Tool Group by 110.7% during the 3rd quarter. Quarry LP now owns 830 shares of the company's stock valued at $35,000 after acquiring an additional 436 shares during the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director E James Ferland, Jr. sold 1,938 shares of Enerpac Tool Group stock in a transaction that occurred 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 sale, the director now directly owns 86,047 shares in the company, 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 filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by corporate insiders.

Enerpac Tool Group Stock Performance

Shares of EPAC stock traded up $0.82 during midday trading on Friday, hitting $44.27. The company had a trading volume of 228,239 shares, compared to its average volume of 327,267. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 26.99 and a beta of 1.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.92 and a quick ratio of 2.24. The company's 50 day simple moving average is $45.63 and its 200 day simple moving average is $42.80. Enerpac Tool Group Corp. has a 52-week low of $29.24 and a 52-week high of $51.91.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last announced its quarterly earnings data on Wednesday, December 18th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). Enerpac Tool Group had a net margin of 15.14% and a return on equity of 25.39%. Research analysts anticipate that Enerpac Tool Group Corp. will post 1.78 earnings per share 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.