Enerpac Tool Group Corp. (NYSE:EPAC) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its stake in Enerpac Tool Group Corp. (NYSE:EPAC) by 22.3% in the third quarter, HoldingsChannel reports. The fund owned 100,036 shares of the company’s stock after selling 28,657 shares during the quarter. Jane Street Group LLC’s holdings in Enerpac Tool Group were worth $4,191,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Intech Investment Management LLC acquired a new stake in Enerpac Tool Group in the third quarter worth approximately $442,000. Quest Partners LLC bought a new position in Enerpac Tool Group during the third quarter valued at about $1,312,000. Hennion & Walsh Asset Management Inc. acquired a new position in Enerpac Tool Group during the second quarter worth about $204,000. Charles Schwab Investment Management Inc. raised its position 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 acquiring an additional 6,903 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in Enerpac Tool Group by 137.5% in the 2nd quarter. Sei Investments Co. now owns 179,662 shares of the company’s stock valued at $6,859,000 after acquiring an additional 104,019 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors.

Insider Transactions at Enerpac Tool Group

In other news, Director E James Ferland, Jr. sold 1,938 shares of Enerpac Tool Group 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 directly owns 86,047 shares of the company’s stock, 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 legal filing with the SEC, which is available at this link. 0.87% of the stock is owned by insiders.

Enerpac Tool Group Stock Performance

Shares of EPAC opened at $46.01 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.88 and a quick ratio of 2.31. The firm’s 50 day moving average is $46.86 and its 200-day moving average is $42.31. Enerpac Tool Group Corp. has a 12-month low of $28.25 and a 12-month high of $51.91. The stock has a market capitalization of $2.49 billion, a P/E ratio of 29.49 and a beta of 1.15.

Enerpac Tool Group (NYSE:EPAC) last posted its quarterly earnings results on Wednesday, December 18th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). Enerpac Tool Group had a return on equity of 26.70% and a net margin of 14.55%. Equities research analysts anticipate 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.