Point72 Hong Kong Ltd Acquires Shares of 5,793 Enerpac Tool Group Corp. (NYSE:EPAC)

Point72 Hong Kong Ltd bought a new position in Enerpac Tool Group Corp. (NYSE:EPAC) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 5,793 shares of the company’s stock, valued at approximately $243,000.

A number of other large investors have also recently modified their holdings of EPAC. Kayne Anderson Rudnick Investment Management LLC raised its holdings 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 purchasing an additional 2,726,293 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Enerpac Tool Group by 3.6% in 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 in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Enerpac Tool Group by 1.1% in the 3rd 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. Leeward Investments LLC MA lifted its position in Enerpac Tool Group by 5.6% during the 2nd quarter. Leeward Investments LLC MA now owns 300,522 shares of the company’s stock valued at $11,474,000 after acquiring an additional 15,987 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Enerpac Tool Group by 2.9% during the third quarter. Principal Financial Group Inc. now owns 277,494 shares of the company’s stock worth $11,624,000 after acquiring an additional 7,845 shares in the last quarter. Institutional investors own 97.70% of the company’s stock.

Enerpac Tool Group Price Performance

Shares of NYSE EPAC opened at $49.21 on Tuesday. Enerpac Tool Group Corp. has a fifty-two week low of $27.94 and a fifty-two week high of $51.91. 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 capitalization of $2.67 billion, a price-to-earnings ratio of 31.54 and a beta of 1.14. The company has a 50 day simple moving average of $45.30 and a two-hundred day simple moving average of $41.43.

Enerpac Tool Group (NYSE:EPAC) last released 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 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 prior year, the company posted $0.42 earnings per share. Analysts expect that Enerpac Tool Group Corp. will post 1.81 EPS for the current fiscal year.

Insiders Place Their Bets

In other Enerpac Tool Group news, Director E James Ferland, Jr. sold 1,938 shares of the stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $44.17, for a total transaction of $85,601.46. Following the sale, the director now directly owns 86,047 shares in the company, valued at approximately $3,800,695.99. This trade represents a 2.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.87% of the company’s stock.

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.