Y Intercept Hong Kong Ltd Takes $654,000 Position in Enerpac Tool Group Corp. (NYSE:EPAC)

Y Intercept Hong Kong Ltd acquired a new position in Enerpac Tool Group Corp. (NYSE:EPAC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 15,606 shares of the company’s stock, valued at approximately $654,000.

A number of other hedge funds also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC boosted its position 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 during the last quarter. State Street Corp grew its position in Enerpac Tool Group by 16.3% during the third quarter. State Street Corp now owns 2,393,472 shares of the company’s stock valued at $100,263,000 after buying an additional 336,323 shares during the period. Sei Investments Co. increased its holdings in Enerpac Tool Group by 137.5% during the second quarter. Sei Investments Co. now owns 179,662 shares of the company’s stock valued at $6,859,000 after buying an additional 104,019 shares during the last quarter. Squarepoint Ops LLC bought a new position in Enerpac Tool Group in the second quarter worth approximately $3,106,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Enerpac Tool Group by 3.6% during 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 during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Enerpac Tool Group Trading Up 0.7 %

NYSE:EPAC opened at $48.84 on Friday. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 31.31 and a beta of 1.15. 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 business has a fifty day moving average price of $46.56 and a 200-day moving average price of $42.12. Enerpac Tool Group Corp. has a one year low of $28.25 and a one year high of $51.91.

Enerpac Tool Group (NYSE:EPAC) last posted its quarterly earnings data on Tuesday, October 15th. The company reported $0.50 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 return on equity of 26.70% and a net margin of 14.55%. During the same period last year, the business earned $0.42 EPS. Sell-side analysts forecast that Enerpac Tool Group Corp. will post 1.81 EPS for the current year.

Insiders Place Their Bets

In other news, Director E James Ferland, Jr. sold 1,938 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $44.17, for a total value of $85,601.46. Following the completion of the transaction, the director now owns 86,047 shares of the company’s stock, valued at $3,800,695.99. This 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 hyperlink. Company 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.