Chesapeake Capital Corp IL Takes $790,000 Position in Enerpac Tool Group Corp. (NYSE:EPAC)

Chesapeake Capital Corp IL purchased a new position in shares of Enerpac Tool Group Corp. (NYSE:EPAC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 25,400 shares of the company’s stock, valued at approximately $790,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Jennison Associates LLC increased its holdings in shares of Enerpac Tool Group by 3.1% during the fourth quarter. Jennison Associates LLC now owns 2,744,463 shares of the company’s stock worth $85,325,000 after purchasing an additional 82,602 shares during the period. Cooke & Bieler LP grew its position in Enerpac Tool Group by 4.6% during the fourth quarter. Cooke & Bieler LP now owns 1,477,913 shares of the company’s stock worth $45,948,000 after buying an additional 64,685 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Enerpac Tool Group by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 587,691 shares of the company’s stock worth $18,271,000 after acquiring an additional 9,109 shares during the period. Norges Bank acquired a new position in Enerpac Tool Group in the 4th quarter valued at $15,077,000. Finally, Invesco Ltd. lifted its position in shares of Enerpac Tool Group by 39.0% during the 3rd quarter. Invesco Ltd. now owns 351,954 shares of the company’s stock valued at $9,302,000 after acquiring an additional 98,763 shares during the period. Institutional investors and hedge funds own 97.70% of the company’s stock.

Enerpac Tool Group Price Performance

Shares of NYSE EPAC traded up $0.30 during mid-day trading on Friday, reaching $38.24. The company had a trading volume of 120,187 shares, compared to its average volume of 234,926. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 30.11 and a beta of 1.19. The business’s 50-day simple moving average is $36.12 and its 200 day simple moving average is $32.59. Enerpac Tool Group Corp. has a one year low of $24.58 and a one year high of $38.92. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.41 and a current ratio of 3.11.

Enerpac Tool Group (NYSE:EPAC) last announced its quarterly earnings data on Thursday, March 21st. The company reported $0.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.36. Enerpac Tool Group had a net margin of 11.75% and a return on equity of 26.38%. The firm had revenue of $138.44 million for the quarter, compared to the consensus estimate of $141.10 million. During the same period in the prior year, the company posted $0.35 earnings per share. On average, research analysts predict that Enerpac Tool Group Corp. will post 1.75 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.