Enerpac Tool Group Corp. (NYSE:EPAC) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P reduced its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 31.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,578 shares of the company’s stock after selling 17,400 shares during the period. Martingale Asset Management L P’s holdings in Enerpac Tool Group were worth $1,574,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in EPAC. GAMMA Investing LLC lifted its position in shares of Enerpac Tool Group by 31.2% in the 3rd 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 last quarter. XTX Topco Ltd raised its position 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 buying an additional 251 shares in the last quarter. USA Financial Formulas grew 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 during the last quarter. Arizona State Retirement System grew its stake in shares of Enerpac Tool Group by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 15,188 shares of the company’s stock worth $580,000 after purchasing an additional 312 shares during the last quarter. Finally, Glenmede Trust Co. NA grew its stake in shares of Enerpac Tool Group by 2.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 15,810 shares of the company’s stock worth $662,000 after purchasing an additional 447 shares during the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.

Enerpac Tool Group Stock Performance

Shares of EPAC opened at $48.26 on Monday. The firm’s 50 day moving average is $45.30 and its 200-day moving average is $41.43. The stock has a market capitalization of $2.62 billion, a P/E ratio of 30.94 and a beta of 1.14. 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 Corp. has a 12-month low of $27.11 and a 12-month high of $51.91.

Enerpac Tool Group (NYSE:EPAC) last released its earnings results 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). The firm had revenue of $158.71 million during 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 business earned $0.42 earnings per share. Equities research analysts anticipate that Enerpac Tool Group Corp. will post 1.81 EPS for the current fiscal year.

Insider Activity at Enerpac Tool Group

In related news, Director E James Ferland, Jr. sold 1,938 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $44.17, for a total transaction of $85,601.46. Following the transaction, the director now directly owns 86,047 shares of the company’s stock, valued at approximately $3,800,695.99. The trade was a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.87% of the stock is currently owned by 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.