Amalgamated Bank Trims Stock Holdings in Enerpac Tool Group Corp. (NYSE:EPAC)

Amalgamated Bank lowered its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 3.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 16,006 shares of the company’s stock after selling 584 shares during the period. Amalgamated Bank’s holdings in Enerpac Tool Group were worth $670,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Enerpac Tool Group by 208.4% during 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 buying an additional 2,726,293 shares during the last quarter. Champlain Investment Partners LLC raised its stake in shares of Enerpac Tool Group by 6.2% during the 1st quarter. Champlain Investment Partners LLC now owns 3,191,590 shares of the company’s stock valued at $113,812,000 after buying an additional 186,335 shares during the last quarter. Dimensional Fund Advisors LP raised 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 during the last quarter. Kennedy Capital Management LLC raised its stake in shares of Enerpac Tool Group by 22.6% during the 1st quarter. Kennedy Capital Management LLC now owns 594,327 shares of the company’s stock valued at $21,194,000 after buying an additional 109,463 shares during the last quarter. Finally, Leeward Investments LLC MA raised its stake in shares of Enerpac Tool Group by 5.6% during the 2nd quarter. Leeward Investments LLC MA now owns 300,522 shares of the company’s stock valued at $11,474,000 after buying an additional 15,987 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Enerpac Tool Group Stock Performance

NYSE EPAC opened at $47.55 on Friday. The stock has a 50-day simple moving average of $43.85 and a two-hundred day simple moving average of $40.62. The firm has a market capitalization of $2.58 billion, a P/E ratio of 30.48 and a beta of 1.14. Enerpac Tool Group Corp. has a fifty-two week low of $27.06 and a fifty-two week high of $51.91. 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 (NYSE:EPAC) last posted its earnings results on Tuesday, October 15th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Enerpac Tool Group had a net margin of 14.55% and a return on equity of 26.70%. The business had revenue of $158.71 million for the quarter, compared to analyst estimates of $156.70 million. During the same quarter last year, the business earned $0.42 earnings per share. On average, equities analysts forecast that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current year.

Insider Activity

In related news, Director E James Ferland, Jr. sold 1,938 shares of Enerpac Tool Group 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 sale, the director now directly 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.87% of the company’s stock.

About Enerpac Tool Group

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.