Enerpac Tool Group Corp. (NYSE:EPAC) Shares Sold by Southernsun Asset Management LLC

Southernsun Asset Management LLC lessened its stake in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 13.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 958,386 shares of the company's stock after selling 155,065 shares during the quarter. Enerpac Tool Group makes up about 4.8% of Southernsun Asset Management LLC's portfolio, making the stock its 10th biggest holding. Southernsun Asset Management LLC owned 1.77% of Enerpac Tool Group worth $40,147,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in EPAC. CWM LLC raised its stake in Enerpac Tool Group by 89.3% in the 2nd quarter. CWM LLC now owns 2,275 shares of the company's stock valued at $87,000 after purchasing an additional 1,073 shares during the last quarter. Diversified Trust Co lifted its stake in Enerpac Tool Group by 2.4% in the 2nd quarter. Diversified Trust Co now owns 27,625 shares of the company's stock worth $1,055,000 after purchasing an additional 650 shares in the last quarter. Andina Capital Management LLC boosted its holdings in shares of Enerpac Tool Group by 25.6% during the 2nd quarter. Andina Capital Management LLC now owns 13,743 shares of the company's stock worth $525,000 after purchasing an additional 2,804 shares during the last quarter. Leeward Investments LLC MA grew its position in shares of Enerpac Tool Group by 5.6% in the second quarter. Leeward Investments LLC MA now owns 300,522 shares of the company's stock valued at $11,474,000 after purchasing an additional 15,987 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Enerpac Tool Group in the second quarter valued at approximately $204,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Enerpac Tool Group Trading Down 0.6 %

NYSE EPAC traded down $0.30 on Friday, reaching $47.17. 40,968 shares of the company were exchanged, compared to its average volume of 299,309. Enerpac Tool Group Corp. has a fifty-two week low of $28.24 and a fifty-two week high of $51.91. 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 business's fifty day moving average price is $45.81 and its 200 day moving average price is $41.67. The stock has a market capitalization of $2.56 billion, a P/E ratio of 30.43 and a beta of 1.15.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last issued its earnings results on Tuesday, October 15th. The company reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.03). The firm had revenue of $158.71 million for the quarter, compared to analysts' expectations of $156.70 million. Enerpac Tool Group had a return on equity of 26.70% and a net margin of 14.55%. During the same period last year, the firm earned $0.42 earnings per share. Analysts forecast that Enerpac Tool Group Corp. will post 1.81 earnings per share for the current year.

Insider Buying and Selling

In other news, Director E James Ferland, Jr. sold 1,938 shares of the firm's stock in a transaction on 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 directly owns 86,047 shares in the company, valued at $3,800,695.99. This trade represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.87% of the stock is currently owned by company insiders.

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.