Enerpac Tool Group Corp. (NYSE:EPAC) Shares Sold by Champlain Investment Partners LLC

Champlain Investment Partners LLC cut its stake in Enerpac Tool Group Corp. (NYSE:EPAC) by 34.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,049,961 shares of the company’s stock after selling 1,075,459 shares during the period. Champlain Investment Partners LLC owned 3.78% of Enerpac Tool Group worth $85,873,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC bought a new stake in Enerpac Tool Group in the 3rd quarter valued at about $40,000. GAMMA Investing LLC boosted its stake in Enerpac Tool Group by 31.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,000 shares of the company’s stock valued at $42,000 after purchasing an additional 238 shares in the last quarter. USA Financial Formulas increased its position in shares of Enerpac Tool Group by 15.5% during 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 during the period. CWM LLC raised its stake 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 buying an additional 1,073 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new position in Enerpac Tool Group during the second quarter valued at about $204,000. 97.70% of the stock is currently owned by institutional investors.

Enerpac Tool Group Price Performance

Shares of Enerpac Tool Group stock opened at $48.74 on Friday. 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 cap of $2.64 billion, a PE ratio of 31.24 and a beta of 1.14. The company’s 50-day moving average price is $44.63 and its two-hundred day moving average price is $41.01. The company has a current ratio of 2.88, a quick ratio of 2.31 and a debt-to-equity ratio of 0.48.

Enerpac Tool Group (NYSE:EPAC) last posted 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 company had revenue of $158.71 million for the quarter, compared to analyst estimates of $156.70 million. During the same quarter in the previous year, the firm posted $0.42 EPS. As a group, sell-side analysts anticipate that Enerpac Tool Group Corp. will post 1.81 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director E James Ferland, Jr. sold 1,938 shares of the company’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $44.17, for a total value of $85,601.46. Following the transaction, the director now directly owns 86,047 shares of the company’s stock, valued at approximately $3,800,695.99. This represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.87% of the company’s stock.

Enerpac Tool Group 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.