Segall Bryant & Hamill LLC Trims Position in Enerpac Tool Group Corp. (NYSE:EPAC)

Segall Bryant & Hamill LLC trimmed its holdings in Enerpac Tool Group Corp. (NYSE:EPAC) by 28.3% during the third quarter, Holdings Channel reports. The institutional investor owned 254,302 shares of the company’s stock after selling 100,400 shares during the period. Segall Bryant & Hamill LLC’s holdings in Enerpac Tool Group were worth $10,653,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Exchange Traded Concepts LLC purchased a new position in Enerpac Tool Group in the 3rd quarter worth approximately $40,000. GAMMA Investing LLC increased its holdings in shares of Enerpac Tool Group by 31.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,000 shares of the company’s stock valued at $42,000 after acquiring an additional 238 shares during the last quarter. USA Financial Formulas raised its holdings in shares of Enerpac Tool Group by 15.5% during the third quarter. USA Financial Formulas now owns 1,895 shares of the company’s stock worth $79,000 after purchasing an additional 254 shares during the period. CWM LLC lifted its holdings in Enerpac Tool Group by 89.3% in the second quarter. CWM LLC now owns 2,275 shares of the company’s stock worth $87,000 after acquiring an additional 1,073 shares during the last quarter. Finally, Mechanics Bank Trust Department bought a new stake in shares of Enerpac Tool Group in the 3rd quarter worth approximately $210,000. 97.70% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director E James Ferland, Jr. sold 1,938 shares of Enerpac Tool Group stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $44.17, for a total transaction of $85,601.46. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.87% of the stock is owned by company insiders.

Enerpac Tool Group Trading Up 1.0 %

Enerpac Tool Group stock opened at $47.99 on Friday. The company has a quick ratio of 2.31, a current ratio of 2.88 and a debt-to-equity ratio of 0.48. The firm has a 50-day moving average price of $44.48 and a two-hundred day moving average price of $40.93. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 30.76 and a beta of 1.14. Enerpac Tool Group Corp. has a 52-week low of $27.06 and a 52-week high of $51.91.

Enerpac Tool Group (NYSE:EPAC) last posted its quarterly earnings data on Tuesday, October 15th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03). The company had revenue of $158.71 million during the quarter, compared to the consensus estimate 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 last year, the business earned $0.42 earnings per share. Sell-side analysts expect that Enerpac Tool Group Corp. will post 1.81 earnings per share for the current 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.