Enerpac Tool Group Corp. (NYSE:EPAC) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lessened its holdings in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 4.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 70,293 shares of the company’s stock after selling 3,500 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Enerpac Tool Group were worth $2,888,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in Enerpac Tool Group by 2.9% in the 3rd quarter. Principal Financial Group Inc. now owns 277,494 shares of the company’s stock valued at $11,624,000 after purchasing an additional 7,845 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Enerpac Tool Group by 8.7% in the third quarter. Victory Capital Management Inc. now owns 25,219 shares of the company’s stock valued at $1,056,000 after buying an additional 2,026 shares in the last quarter. Chesapeake Capital Corp IL raised its holdings in shares of Enerpac Tool Group by 28.6% during the 3rd quarter. Chesapeake Capital Corp IL now owns 11,963 shares of the company’s stock valued at $501,000 after buying an additional 2,664 shares during the period. Quest Partners LLC acquired a new position in Enerpac Tool Group during the 3rd quarter worth approximately $1,312,000. Finally, Intech Investment Management LLC purchased a new position in Enerpac Tool Group in the 3rd quarter worth approximately $442,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Enerpac Tool Group Stock Down 3.4 %

Shares of NYSE:EPAC opened at $42.54 on Friday. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 25.94 and a beta of 1.18. The company has a 50 day moving average of $44.43 and a two-hundred day moving average of $44.35. Enerpac Tool Group Corp. has a 52-week low of $32.28 and a 52-week high of $51.91. The company has a quick ratio of 2.24, a current ratio of 2.92 and a debt-to-equity ratio of 0.47.

Enerpac Tool Group (NYSE:EPAC) last released its quarterly earnings results on Wednesday, December 18th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Enerpac Tool Group had a net margin of 15.14% and a return on equity of 25.39%. As a group, analysts forecast that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current fiscal 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.