Jennison Associates LLC Sells 20,328 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Jennison Associates LLC lessened its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 0.9% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,152,074 shares of the company’s stock after selling 20,328 shares during the quarter. Jennison Associates LLC’s holdings in Enerpac Tool Group were worth $90,150,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Exchange Traded Concepts LLC acquired a new stake in Enerpac Tool Group during the third quarter worth approximately $40,000. GAMMA Investing LLC lifted its holdings in Enerpac Tool Group by 31.2% during 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 boosted its stake in 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 during the period. CWM LLC increased its position in Enerpac Tool Group by 89.3% during 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 during the period. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Enerpac Tool Group during the second quarter worth $204,000. Institutional investors own 97.70% of the company’s stock.

Enerpac Tool Group Trading Up 0.9 %

EPAC stock opened at $47.52 on Thursday. Enerpac Tool Group Corp. has a 52 week low of $27.06 and a 52 week high of $51.91. The company has a market capitalization of $2.58 billion, a PE ratio of 30.46 and a beta of 1.14. The company’s 50-day simple moving average is $44.33 and its 200 day simple moving average is $40.88. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.31 and a current ratio of 2.88.

Enerpac Tool Group (NYSE:EPAC) last released its earnings results 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). The company had revenue of $158.71 million for the quarter, compared to analyst estimates of $156.70 million. Enerpac Tool Group had a return on equity of 26.70% and a net margin of 14.55%. During the same period last year, the company posted $0.42 earnings per share. As a group, sell-side analysts anticipate that Enerpac Tool Group Corp. will post 1.81 earnings per share for the current year.

Insider Activity at Enerpac Tool Group

In related news, Director E James Ferland, Jr. sold 1,938 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 86,047 shares of the company’s stock, valued at $3,800,695.99. This represents a 2.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.87% of the stock is currently owned by insiders.

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.