Southernsun Asset Management LLC Reduces Position in Enerpac Tool Group Corp. (NYSE:EPAC)

Southernsun Asset Management LLC reduced its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 13.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 958,386 shares of the company’s stock after selling 155,065 shares during the period. Enerpac Tool Group comprises approximately 4.8% of Southernsun Asset Management LLC’s portfolio, making the stock its 10th biggest position. Southernsun Asset Management LLC’s holdings in Enerpac Tool Group were worth $40,147,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Intech Investment Management LLC bought a new position in shares of Enerpac Tool Group during the third quarter valued at about $442,000. Quest Partners LLC bought a new position in shares of Enerpac Tool Group during the 3rd quarter worth approximately $1,312,000. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Enerpac Tool Group in the 2nd quarter worth approximately $204,000. CWM LLC grew its holdings in shares of Enerpac Tool Group by 89.3% in the second quarter. CWM LLC now owns 2,275 shares of the company’s stock valued at $87,000 after acquiring an additional 1,073 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of Enerpac Tool Group by 137.5% during the second quarter. Sei Investments Co. now owns 179,662 shares of the company’s stock valued at $6,859,000 after acquiring an additional 104,019 shares during the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Enerpac Tool Group Stock Down 2.9 %

EPAC stock opened at $47.47 on Friday. The stock has a market cap of $2.57 billion, a P/E ratio of 30.43 and a beta of 1.15. The company has a current ratio of 2.88, a quick ratio of 2.31 and a debt-to-equity ratio of 0.48. The stock’s fifty day simple moving average is $45.81 and its two-hundred day simple moving average is $41.67. Enerpac Tool Group Corp. has a 1-year low of $28.24 and a 1-year high of $51.91.

Enerpac Tool Group (NYSE:EPAC) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $158.71 million during the quarter, compared to analysts’ expectations of $156.70 million. During the same period last year, the firm posted $0.42 earnings per share. Analysts expect that Enerpac Tool Group Corp. will post 1.81 EPS 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 completion of the sale, the director now owns 86,047 shares of the company’s stock, valued at approximately $3,800,695.99. This trade represents a 2.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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.