Quest Partners LLC Purchases Shares of 31,318 Enerpac Tool Group Corp. (NYSE:EPAC)

Quest Partners LLC purchased a new position in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 31,318 shares of the company's stock, valued at approximately $1,312,000. Quest Partners LLC owned about 0.06% of Enerpac Tool Group as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of EPAC. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Enerpac Tool Group by 208.4% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,034,256 shares of the company's stock worth $154,028,000 after purchasing an additional 2,726,293 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Enerpac Tool Group by 3.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,542,000 shares of the company's stock valued at $58,874,000 after acquiring an additional 53,055 shares during the period. Kennedy Capital Management LLC grew its position in shares of Enerpac Tool Group by 22.6% during the first quarter. Kennedy Capital Management LLC now owns 594,327 shares of the company's stock worth $21,194,000 after acquiring an additional 109,463 shares during the last quarter. Leeward Investments LLC MA increased its holdings in shares of Enerpac Tool Group by 5.6% in the 2nd quarter. Leeward Investments LLC MA now owns 300,522 shares of the company's stock worth $11,474,000 after acquiring an additional 15,987 shares during the period. Finally, Principal Financial Group Inc. lifted its position in Enerpac Tool Group by 2.9% in the 3rd quarter. Principal Financial Group Inc. now owns 277,494 shares of the company's stock valued at $11,624,000 after purchasing an additional 7,845 shares during the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Enerpac Tool Group

In related news, Director E James Ferland, Jr. sold 1,938 shares of the firm's stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $44.17, for a total transaction of $85,601.46. Following the completion of the transaction, the director now owns 86,047 shares of the company's stock, valued at $3,800,695.99. This trade represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.87% of the stock is currently owned by insiders.

Enerpac Tool Group Stock Performance

NYSE EPAC traded up $0.41 on Wednesday, hitting $47.52. The stock had a trading volume of 182,553 shares, compared to its average volume of 299,704. The company's 50-day moving average is $44.17 and its two-hundred day moving average is $40.83. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 30.20 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 Corp. has a one year low of $27.06 and a one year high of $51.91.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last posted its earnings results on Tuesday, October 15th. The company reported $0.50 EPS for the quarter, missing the consensus estimate 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 business had revenue of $158.71 million during the quarter, compared to analyst estimates of $156.70 million. During the same quarter in the prior year, the business earned $0.42 earnings per share. On average, analysts expect that Enerpac Tool Group Corp. will post 1.81 earnings per share for the current year.

Enerpac Tool Group Company 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.