Verition Fund Management LLC Takes Position in Enerpac Tool Group Corp. (NYSE:EPAC)

Verition Fund Management LLC bought a new position in Enerpac Tool Group Corp. (NYSE:EPAC) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 7,716 shares of the company’s stock, valued at approximately $323,000.

A number of other institutional investors have also bought and sold shares of EPAC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Enerpac Tool Group by 0.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,284 shares of the company’s stock worth $6,170,000 after acquiring an additional 671 shares during the period. Glenmede Trust Co. NA boosted its stake in Enerpac Tool Group by 2.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 15,810 shares of the company’s stock worth $662,000 after purchasing an additional 447 shares during the period. Bridgewater Associates LP purchased a new stake in Enerpac Tool Group during the 3rd quarter valued at approximately $592,000. Quantbot Technologies LP bought a new stake in shares of Enerpac Tool Group during the third quarter valued at approximately $341,000. Finally, FMR LLC increased its holdings in Enerpac Tool Group by 16.5% in the 3rd quarter. FMR LLC now owns 86,040 shares of the company’s stock valued at $3,604,000 after acquiring an additional 12,158 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Insider Buying and Selling

In other news, Director E James Ferland, Jr. sold 1,938 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The shares were 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 position. 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.

Enerpac Tool Group Stock Up 0.7 %

EPAC opened at $48.85 on Friday. The company has a market capitalization of $2.65 billion, a PE ratio of 31.31 and a beta of 1.15. The firm has a 50-day simple moving average of $46.56 and a two-hundred day simple moving average of $42.09. 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 52 week low of $28.25 and a 52 week high of $51.91.

Enerpac Tool Group (NYSE:EPAC) last released 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 for the quarter, compared to analysts’ expectations 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 quarter in the prior year, the business earned $0.42 EPS. Analysts forecast that Enerpac Tool Group Corp. will post 1.81 earnings per share 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.