Quantbot Technologies LP Invests $341,000 in Enerpac Tool Group Corp. (NYSE:EPAC)

Quantbot Technologies LP bought a new stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,142 shares of the company’s stock, valued at approximately $341,000.

Several other hedge funds have also bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Enerpac Tool Group by 208.4% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,034,256 shares of the company’s stock valued at $154,028,000 after buying an additional 2,726,293 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Enerpac Tool Group by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,542,000 shares of the company’s stock worth $58,874,000 after acquiring an additional 53,055 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Enerpac Tool Group by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 621,456 shares of the company’s stock valued at $26,033,000 after purchasing an additional 6,903 shares in the last quarter. Leeward Investments LLC MA boosted 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 worth $11,474,000 after purchasing an additional 15,987 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of 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 purchasing an additional 7,845 shares in the last quarter. Institutional investors own 97.70% of the company’s stock.

Insider Buying and Selling

In other Enerpac Tool Group news, Director E James Ferland, Jr. sold 1,938 shares of the stock in a transaction dated Tuesday, October 22nd. The shares were 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 represents a 2.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.87% of the stock is owned by insiders.

Enerpac Tool Group Stock Down 2.0 %

Shares of EPAC stock opened at $48.24 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.88 and a quick ratio of 2.31. Enerpac Tool Group Corp. has a one year low of $27.94 and a one year high of $51.91. The company’s fifty day moving average price is $45.57 and its 200-day moving average price is $41.58. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 30.92 and a beta of 1.15.

Enerpac Tool Group (NYSE:EPAC) last posted its quarterly 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 business had revenue of $158.71 million for the quarter, compared to the consensus estimate of $156.70 million. Enerpac Tool Group had a net margin of 14.55% and a return on equity of 26.70%. During the same period in the prior year, the business earned $0.42 earnings per share. Sell-side analysts expect that Enerpac Tool Group Corp. will post 1.81 EPS for the current fiscal year.

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.