23,791 Shares in Enerpac Tool Group Corp. (NYSE:EPAC) Acquired by First Hawaiian Bank

First Hawaiian Bank purchased a new position in shares of Enerpac Tool Group Corp. (NYSE:EPAC) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,791 shares of the company’s stock, valued at approximately $908,000.

Several other hedge funds also recently modified their holdings of the company. Kennedy Capital Management LLC boosted its stake in Enerpac Tool Group by 22.6% during the first quarter. Kennedy Capital Management LLC now owns 594,327 shares of the company’s stock worth $21,194,000 after acquiring an additional 109,463 shares in the last quarter. Kingdon Capital Management L.L.C. bought a new position in shares of Enerpac Tool Group in the first quarter valued at approximately $5,349,000. CANADA LIFE ASSURANCE Co raised its position in Enerpac Tool Group by 5.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 47,038 shares of the company’s stock valued at $1,676,000 after buying an additional 2,273 shares during the last quarter. Bessemer Group Inc. lifted its stake in Enerpac Tool Group by 7.8% during the 1st quarter. Bessemer Group Inc. now owns 44,358 shares of the company’s stock valued at $1,581,000 after acquiring an additional 3,210 shares in the last quarter. Finally, UniSuper Management Pty Ltd purchased a new position in Enerpac Tool Group during the 1st quarter worth $365,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Insider Buying and Selling at Enerpac Tool Group

In other Enerpac Tool Group news, Director E James Ferland, Jr. sold 1,937 shares of Enerpac Tool Group stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $37.92, for a total transaction of $73,451.04. Following the completion of the sale, the director now owns 86,047 shares of the company’s stock, valued at $3,262,902.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.87% of the company’s stock.

Enerpac Tool Group Stock Performance

EPAC stock traded up $0.83 during midday trading on Tuesday, hitting $38.85. The company’s stock had a trading volume of 98,304 shares, compared to its average volume of 291,062. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 24.99 and a beta of 1.15. Enerpac Tool Group Corp. has a 1 year low of $24.58 and a 1 year high of $42.13. The company has a quick ratio of 2.20, a current ratio of 2.85 and a debt-to-equity ratio of 0.52. The stock’s 50-day moving average price is $38.85 and its 200 day moving average price is $36.03.

Enerpac Tool Group (NYSE:EPAC) last posted its quarterly earnings results on Monday, June 24th. The company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. The company had revenue of $150.39 million for the quarter, compared to analysts’ expectations of $153.20 million. Enerpac Tool Group had a net margin of 14.13% and a return on equity of 26.80%. During the same quarter in the previous year, the firm posted $0.39 EPS. On average, equities analysts forecast that Enerpac Tool Group Corp. will post 1.75 EPS for the current year.

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.