Daiwa Securities Group Inc. Boosts Stake in Enerpac Tool Group Corp. (NYSE:EPAC)

Daiwa Securities Group Inc. lifted its holdings in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 22.4% during the third quarter, Holdings Channel reports. The fund owned 73,793 shares of the company’s stock after purchasing an additional 13,496 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Enerpac Tool Group were worth $3,091,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Exchange Traded Concepts LLC purchased a new stake in Enerpac Tool Group during the 3rd quarter worth approximately $40,000. GAMMA Investing LLC increased 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 purchasing an additional 238 shares during the last quarter. USA Financial Formulas raised 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 valued at $79,000 after purchasing an additional 254 shares in the last quarter. CWM LLC lifted its position in shares of Enerpac Tool Group by 89.3% during the second quarter. CWM LLC now owns 2,275 shares of the company’s stock worth $87,000 after purchasing an additional 1,073 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in Enerpac Tool Group in the second quarter worth about $204,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Enerpac Tool Group Trading Down 1.3 %

Shares of NYSE EPAC opened at $47.83 on Thursday. The company has a quick ratio of 2.31, a current ratio of 2.88 and a debt-to-equity ratio of 0.48. The stock’s 50 day moving average price is $45.05 and its two-hundred day moving average price is $41.25. Enerpac Tool Group Corp. has a 52-week low of $27.06 and a 52-week high of $51.91. The stock has a market capitalization of $2.59 billion, a P/E ratio of 30.66 and a beta of 1.14.

Enerpac Tool Group (NYSE:EPAC) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03). Enerpac Tool Group had a return on equity of 26.70% and a net margin of 14.55%. The firm had revenue of $158.71 million for the quarter, compared to the consensus estimate of $156.70 million. During the same quarter last year, the business earned $0.42 earnings per share. On average, analysts anticipate that Enerpac Tool Group Corp. will post 1.81 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Enerpac Tool Group news, Director E James Ferland, Jr. sold 1,938 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The shares were 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 of the company’s stock, valued at $3,800,695.99. The trade was a 2.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.87% of the company’s stock.

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.