Enerpac Tool Group Corp. (NYSE:EPAC) Shares Acquired by State Street Corp

State Street Corp lifted its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 16.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,393,472 shares of the company’s stock after buying an additional 336,323 shares during the quarter. State Street Corp’s holdings in Enerpac Tool Group were worth $100,263,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Quarry LP lifted its holdings in Enerpac Tool Group by 110.7% during the 3rd quarter. Quarry LP now owns 830 shares of the company’s stock worth $35,000 after buying an additional 436 shares during the last quarter. Point72 DIFC Ltd bought a new position in Enerpac Tool Group during the third quarter worth $178,000. HighTower Advisors LLC acquired a new position in Enerpac Tool Group in the third quarter worth $1,201,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Enerpac Tool Group during the third quarter valued at $42,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Enerpac Tool Group during the third quarter worth $243,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director E James Ferland, Jr. sold 1,938 shares of the business’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $44.17, for a total value of $85,601.46. Following the sale, the director now owns 86,047 shares of the company’s stock, valued at approximately $3,800,695.99. The trade was a 2.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.87% of the stock is currently owned by insiders.

Enerpac Tool Group Trading Up 0.7 %

Enerpac Tool Group stock opened at $48.84 on Monday. Enerpac Tool Group Corp. has a 1 year low of $28.25 and a 1 year high of $51.91. The firm’s 50-day moving average is $46.56 and its 200-day moving average is $42.15. 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 company has a market cap of $2.65 billion, a P/E ratio of 31.31 and a beta of 1.15.

Enerpac Tool Group (NYSE:EPAC) 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 company had revenue of $158.71 million during the quarter, compared to analyst estimates 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 previous year, the firm earned $0.42 earnings per share. On average, equities 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.