Charles Schwab Investment Management Inc. Buys 6,903 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Charles Schwab Investment Management Inc. boosted its holdings in Enerpac Tool Group Corp. (NYSE:EPAC) by 1.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 621,456 shares of the company’s stock after purchasing an additional 6,903 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Enerpac Tool Group were worth $26,033,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Intech Investment Management LLC bought a new position in Enerpac Tool Group in the 3rd quarter valued at about $442,000. Quest Partners LLC bought a new position in Enerpac Tool Group in the 3rd quarter valued at about $1,312,000. Hennion & Walsh Asset Management Inc. bought a new position in Enerpac Tool Group in the 2nd quarter valued at about $204,000. CWM LLC lifted its position in Enerpac Tool Group by 89.3% in the 2nd 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. lifted its position in Enerpac Tool Group by 137.5% in the 2nd 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 in the last quarter. Institutional investors own 97.70% of the company’s stock.

Enerpac Tool Group Price Performance

Enerpac Tool Group stock opened at $48.90 on Thursday. Enerpac Tool Group Corp. has a 52 week low of $28.24 and a 52 week high of $51.91. The company’s 50 day moving average price is $45.70 and its two-hundred day moving average price is $41.63. 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 has a market cap of $2.65 billion, a P/E ratio of 31.35 and a beta of 1.15.

Enerpac Tool Group (NYSE:EPAC) last posted 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 firm had revenue of $158.71 million for the quarter, compared to the consensus estimate of $156.70 million. During the same period in the prior year, the business earned $0.42 EPS. On average, equities analysts predict that Enerpac Tool Group Corp. will post 1.81 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director E James Ferland, Jr. sold 1,938 shares of the firm’s 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 completion of the sale, the director now owns 86,047 shares in the company, valued at $3,800,695.99. This trade represents a 2.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.