Chesapeake Capital Corp IL Raises Stake in Enerpac Tool Group Corp. (NYSE:EPAC)

Chesapeake Capital Corp IL increased its stake in Enerpac Tool Group Corp. (NYSE:EPAC) by 28.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,963 shares of the company’s stock after purchasing an additional 2,664 shares during the quarter. Chesapeake Capital Corp IL’s holdings in Enerpac Tool Group were worth $501,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. 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. XTX Topco Ltd boosted its stake in shares of Enerpac Tool Group by 3.5% during the 2nd quarter. XTX Topco Ltd now owns 7,497 shares of the company’s stock worth $286,000 after acquiring an additional 251 shares in the last quarter. USA Financial Formulas grew its holdings in shares of Enerpac Tool Group by 15.5% in the 3rd quarter. USA Financial Formulas now owns 1,895 shares of the company’s stock worth $79,000 after acquiring an additional 254 shares during the period. Arizona State Retirement System increased its stake in Enerpac Tool Group by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 15,188 shares of the company’s stock valued at $580,000 after purchasing an additional 312 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in Enerpac Tool Group by 1.9% during the second quarter. Louisiana State Employees Retirement System now owns 27,300 shares of the company’s stock worth $1,042,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Enerpac Tool Group Price Performance

Enerpac Tool Group stock opened at $47.56 on Friday. The firm has a market capitalization of $2.58 billion, a PE ratio of 30.49 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. The firm’s 50-day simple moving average is $43.85 and its 200 day simple moving average is $40.65. The company has a quick ratio of 2.31, a current ratio of 2.88 and a debt-to-equity ratio of 0.48.

Enerpac Tool Group (NYSE:EPAC) last announced its quarterly earnings results 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 business had revenue of $158.71 million during the quarter, compared to analysts’ expectations 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 period last year, the company earned $0.42 EPS. On average, equities research analysts predict that Enerpac Tool Group Corp. will post 1.81 EPS for the current fiscal year.

Insider Activity at Enerpac Tool Group

In other news, Director E James Ferland, Jr. sold 1,938 shares of the company’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $44.17, for a total value of $85,601.46. Following the sale, the director now directly owns 86,047 shares in the company, valued at $3,800,695.99. This represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.87% of the stock is owned by corporate insiders.

Enerpac Tool Group Company 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.