Victory Capital Management Inc. Grows Stock Position in Enerpac Tool Group Corp. (NYSE:EPAC)

Victory Capital Management Inc. raised its position in Enerpac Tool Group Corp. (NYSE:EPAC) by 8.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 25,219 shares of the company’s stock after acquiring an additional 2,026 shares during the period. Victory Capital Management Inc.’s holdings in Enerpac Tool Group were worth $1,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in EPAC. Kayne Anderson Rudnick Investment Management LLC raised its stake in Enerpac Tool Group by 208.4% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,034,256 shares of the company’s stock valued at $154,028,000 after acquiring an additional 2,726,293 shares during the period. Sei Investments Co. raised its position in shares of Enerpac Tool Group by 137.5% in the second quarter. Sei Investments Co. now owns 179,662 shares of the company’s stock valued at $6,859,000 after purchasing an additional 104,019 shares during the period. Squarepoint Ops LLC purchased a new stake in shares of Enerpac Tool Group during the 2nd quarter valued at approximately $3,106,000. Dimensional Fund Advisors LP lifted 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 valued at $58,874,000 after buying an additional 53,055 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in Enerpac Tool Group by 422.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 60,297 shares of the company’s stock worth $2,302,000 after buying an additional 48,765 shares during the period. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Insider Activity

In related 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.87% of the stock is owned by company insiders.

Enerpac Tool Group Trading Down 1.5 %

Shares of EPAC stock opened at $48.48 on Wednesday. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 31.08 and a beta of 1.14. The company’s fifty day simple moving average is $44.92 and its two-hundred day simple moving average is $41.21. Enerpac Tool Group Corp. has a 1 year low of $27.06 and a 1 year high of $51.91. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.88 and a quick ratio of 2.31.

Enerpac Tool Group (NYSE:EPAC) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The company had revenue of $158.71 million for the quarter, compared to analysts’ expectations 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 company posted $0.42 EPS. As a group, analysts anticipate that Enerpac Tool Group Corp. will post 1.81 earnings per share for the current year.

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.