Y Intercept Hong Kong Ltd Purchases New Position in Enerpac Tool Group Corp. (NYSE:EPAC)

Y Intercept Hong Kong Ltd acquired a new position in Enerpac Tool Group Corp. (NYSE:EPAC) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 15,606 shares of the company’s stock, valued at approximately $654,000.

A number of other large investors have also recently made changes to their positions in EPAC. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Enerpac Tool Group by 208.4% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,034,256 shares of the company’s stock worth $154,028,000 after acquiring an additional 2,726,293 shares during the period. State Street Corp boosted its stake 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. Dimensional Fund Advisors LP increased its position 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 buying an additional 53,055 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Enerpac Tool Group by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 621,456 shares of the company’s stock worth $26,033,000 after buying an additional 6,903 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Enerpac Tool Group by 2.9% in the third quarter. Principal Financial Group Inc. now owns 277,494 shares of the company’s stock worth $11,624,000 after buying an additional 7,845 shares during the period. 97.70% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director E James Ferland, Jr. sold 1,938 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were 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 in the company, valued at approximately $3,800,695.99. This represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.87% of the stock is owned by company insiders.

Enerpac Tool Group Stock Performance

Enerpac Tool Group stock opened at $48.84 on Friday. Enerpac Tool Group Corp. has a fifty-two week low of $28.25 and a fifty-two week high of $51.91. The stock’s 50 day simple moving average is $46.56 and its two-hundred day simple moving average is $42.12. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.31 and a current ratio of 2.88. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 31.31 and a beta of 1.15.

Enerpac Tool Group (NYSE:EPAC) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.03). The firm had revenue of $158.71 million during 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 in the previous year, the company earned $0.42 earnings per share. As a group, analysts expect that Enerpac Tool Group Corp. will post 1.81 earnings per share for the current fiscal 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.