Enerpac Tool Group Corp. (NYSE:EPAC) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its holdings in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 22.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 73,793 shares of the company’s stock after acquiring an additional 13,496 shares during the period. Daiwa Securities Group Inc. owned approximately 0.14% of Enerpac Tool Group worth $3,091,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Exchange Traded Concepts LLC acquired a new position in shares of Enerpac Tool Group during the 3rd quarter worth $40,000. GAMMA Investing LLC grew its position in Enerpac Tool Group by 31.2% during the third quarter. GAMMA Investing LLC now owns 1,000 shares of the company’s stock worth $42,000 after buying an additional 238 shares during the period. USA Financial Formulas lifted its position in shares of Enerpac Tool Group by 15.5% during the 3rd quarter. USA Financial Formulas now owns 1,895 shares of the company’s stock valued at $79,000 after acquiring an additional 254 shares during the period. CWM LLC grew its holdings in shares of Enerpac Tool Group by 89.3% during the second quarter. CWM LLC now owns 2,275 shares of the company’s stock worth $87,000 after buying an additional 1,073 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in shares of Enerpac Tool Group in the second quarter valued at approximately $204,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Enerpac Tool Group Stock Down 1.3 %

Shares of NYSE EPAC opened at $47.83 on Thursday. The firm has a market cap of $2.59 billion, a P/E ratio of 30.66 and a beta of 1.14. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.31 and a current ratio of 2.88. Enerpac Tool Group Corp. has a 1 year low of $27.06 and a 1 year high of $51.91. The firm’s 50 day moving average price is $45.05 and its 200 day moving average price is $41.25.

Enerpac Tool Group (NYSE:EPAC) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.03). Enerpac Tool Group had a return on equity of 26.70% and a net margin of 14.55%. The company had revenue of $158.71 million for the quarter, compared to analysts’ expectations of $156.70 million. During the same quarter in the previous year, the company earned $0.42 earnings per share. As a group, sell-side analysts anticipate that Enerpac Tool Group Corp. will post 1.81 earnings per share for the current year.

Insider Activity

In other news, Director E James Ferland, Jr. sold 1,938 shares of the business’s 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 owns 86,047 shares in the company, valued at approximately $3,800,695.99. The trade was a 2.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.87% of the company’s stock.

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.