Quest Partners LLC Invests $1.31 Million in Enerpac Tool Group Corp. (NYSE:EPAC)

Quest Partners LLC acquired a new position in shares of Enerpac Tool Group Corp. (NYSE:EPAC) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 31,318 shares of the company’s stock, valued at approximately $1,312,000.

Several other large investors have also modified their holdings of EPAC. Sei Investments Co. lifted its holdings in shares of Enerpac Tool Group by 55.9% during the 1st quarter. Sei Investments Co. now owns 75,643 shares of the company’s stock worth $2,697,000 after acquiring an additional 27,123 shares during the period. ProShare Advisors LLC lifted its holdings in shares of Enerpac Tool Group by 7.3% during the 1st quarter. ProShare Advisors LLC now owns 11,000 shares of the company’s stock worth $392,000 after acquiring an additional 751 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in shares of Enerpac Tool Group by 32.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 21,762 shares of the company’s stock worth $776,000 after acquiring an additional 5,360 shares during the period. UniSuper Management Pty Ltd purchased a new position in Enerpac Tool Group in the first quarter valued at approximately $365,000. Finally, Bessemer Group Inc. raised its holdings in Enerpac Tool Group by 7.8% in the first quarter. Bessemer Group Inc. now owns 44,358 shares of the company’s stock valued at $1,581,000 after buying an additional 3,210 shares during the period. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity 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 transaction of $85,601.46. Following the sale, the director now owns 86,047 shares in the company, 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 document filed with the SEC, which is available at this hyperlink. 0.87% of the stock is currently owned by insiders.

Enerpac Tool Group Trading Down 0.3 %

NYSE EPAC opened at $47.11 on Wednesday. Enerpac Tool Group Corp. has a one year low of $27.06 and a one year high of $51.91. The company’s 50 day moving average price is $44.17 and its 200 day moving average price is $40.83. 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 firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 30.20 and a beta of 1.14.

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 the consensus estimate of $0.53 by ($0.03). Enerpac Tool Group had a net margin of 14.55% and a return on equity of 26.70%. The business had revenue of $158.71 million during the quarter, compared to analysts’ expectations of $156.70 million. During the same quarter in the previous year, the business posted $0.42 EPS. On average, sell-side analysts predict that Enerpac Tool Group Corp. will post 1.81 EPS for the current year.

Enerpac Tool Group 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.