Point72 Hong Kong Ltd Acquires New Stake in Enerpac Tool Group Corp. (NYSE:EPAC)

Point72 Hong Kong Ltd bought a new position in Enerpac Tool Group Corp. (NYSE:EPAC) during the 3rd quarter, Holdings Channel.com reports. The fund bought 5,793 shares of the company’s stock, valued at approximately $243,000.

A number of other large investors have also made changes to their positions in EPAC. Exchange Traded Concepts LLC purchased a new position in shares of Enerpac Tool Group in the third quarter worth approximately $40,000. GAMMA Investing LLC grew its position in shares of Enerpac Tool Group by 31.2% during 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 period. USA Financial Formulas increased its stake 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 purchasing an additional 254 shares in the last quarter. CWM LLC raised its holdings in Enerpac Tool Group by 89.3% in the 2nd quarter. CWM LLC now owns 2,275 shares of the company’s stock worth $87,000 after purchasing an additional 1,073 shares during the period. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in Enerpac Tool Group during the second quarter valued at $204,000. 97.70% of the stock is currently owned by institutional investors.

Enerpac Tool Group Stock Performance

NYSE:EPAC opened at $49.21 on Tuesday. The stock has a 50-day simple moving average of $45.30 and a two-hundred day simple moving average of $41.43. 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 52-week low of $27.94 and a 52-week high of $51.91. The firm has a market capitalization of $2.67 billion, a PE ratio of 31.54 and a beta of 1.14.

Enerpac Tool Group (NYSE:EPAC) last released its 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). Enerpac Tool Group had a return on equity of 26.70% and a net margin of 14.55%. The firm had revenue of $158.71 million during the quarter, compared to analysts’ expectations of $156.70 million. During the same period in the prior year, the company posted $0.42 earnings per share. Analysts forecast that Enerpac Tool Group Corp. will post 1.81 EPS for the current year.

Insider Transactions at Enerpac Tool Group

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. Corporate insiders own 0.87% of the company’s stock.

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.