The Manufacturers Life Insurance Company Has $1.19 Million Stock Position in Enerpac Tool Group Corp. (NYSE:EPAC)

The Manufacturers Life Insurance Company cut its stake in Enerpac Tool Group Corp. (NYSE:EPAC) by 3.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,290 shares of the company’s stock after selling 1,126 shares during the period. The Manufacturers Life Insurance Company’s holdings in Enerpac Tool Group were worth $1,185,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Intech Investment Management LLC bought a new stake in Enerpac Tool Group in the third quarter valued at $442,000. Quest Partners LLC acquired a new stake in shares of Enerpac Tool Group in the 3rd quarter valued at $1,312,000. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Enerpac Tool Group in the 2nd quarter valued at $204,000. CWM LLC grew its holdings in shares of Enerpac Tool Group by 89.3% in the 2nd 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, Charles Schwab Investment Management Inc. increased its position in shares of Enerpac Tool Group by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 621,456 shares of the company’s stock worth $26,033,000 after purchasing an additional 6,903 shares in the last quarter. Institutional investors own 97.70% of the company’s stock.

Insider Transactions at Enerpac Tool Group

In related news, Director E James Ferland, Jr. sold 1,938 shares of Enerpac Tool Group 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 owns 86,047 shares of the company’s stock, valued at $3,800,695.99. This trade represents a 2.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.87% of the stock is owned by corporate insiders.

Enerpac Tool Group Trading Up 1.8 %

Shares of EPAC stock opened at $48.85 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 company has a market capitalization of $2.65 billion, a P/E ratio of 30.72 and a beta of 1.15. Enerpac Tool Group Corp. has a 12-month low of $28.24 and a 12-month high of $51.91. The firm has a 50-day moving average price of $46.16 and a 200 day moving average price of $41.92.

Enerpac Tool Group (NYSE:EPAC) last announced its earnings results on Tuesday, October 15th. The company reported $0.50 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 business had revenue of $158.71 million during the quarter, compared to analyst estimates of $156.70 million. During the same period in the previous year, the firm earned $0.42 earnings per share. Research analysts forecast that Enerpac Tool Group Corp. will post 1.81 earnings per share for the current fiscal year.

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.