Vanguard Group Inc. Lowers Holdings in Enerpac Tool Group Corp. $EPAC

Vanguard Group Inc. trimmed its position in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 2.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,871,040 shares of the company’s stock after selling 123,530 shares during the period. Vanguard Group Inc. owned approximately 0.11% of Enerpac Tool Group worth $240,713,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its position in shares of Enerpac Tool Group by 121.3% in the third quarter. Fifth Third Bancorp now owns 874 shares of the company’s stock worth $36,000 after buying an additional 479 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in Enerpac Tool Group in the 2nd quarter valued at about $42,000. Simplex Trading LLC acquired a new position in shares of Enerpac Tool Group in the second quarter worth about $75,000. State of Wyoming boosted its holdings in Enerpac Tool Group by 95.4% in the second quarter. State of Wyoming now owns 2,694 shares of the company’s stock valued at $109,000 after purchasing an additional 1,315 shares during the last quarter. Finally, AdvisorNet Financial Inc acquired a new position in shares of Enerpac Tool Group in the 3rd quarter valued at approximately $129,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Enerpac Tool Group Trading Down 0.9%

NYSE:EPAC opened at $40.82 on Friday. The stock’s 50 day moving average price is $40.87 and its 200 day moving average price is $40.62. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.14 and a current ratio of 2.83. Enerpac Tool Group Corp. has a 52 week low of $35.01 and a 52 week high of $47.27. The company has a market capitalization of $2.15 billion, a P/E ratio of 24.44 and a beta of 0.99.

Enerpac Tool Group (NYSE:EPAC) last posted its quarterly earnings data on Wednesday, December 17th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The business had revenue of $144.21 million during the quarter, compared to the consensus estimate of $146.45 million. Enerpac Tool Group had a net margin of 14.64% and a return on equity of 22.46%. During the same period in the prior year, the company posted $0.40 earnings per share. On average, research analysts forecast that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. William Blair began coverage on Enerpac Tool Group in a research note on Friday, January 16th. They issued a “market perform” rating for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Enerpac Tool Group in a research report on Monday, December 29th. Finally, Wall Street Zen lowered Enerpac Tool Group from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Enerpac Tool Group presently has an average rating of “Hold” and an average price target of $52.00.

About Enerpac Tool Group

Enerpac Tool Group Corp. (NYSE: EPAC) is a global provider of high-pressure hydraulic tools, controlled force products and precision positioning equipment. The company’s products and solutions enable customers in manufacturing, energy, infrastructure, transportation and construction to lift, move, position and secure heavy loads with safety and accuracy. Enerpac’s core portfolio includes hydraulic pumps, cylinders, torque wrenches, torque multipliers, flange spreaders, tensioners and portable bolting tools, complemented by electric and pneumatic tools for a wide range of industrial applications.

In addition to its extensive product lines, Enerpac offers integrated systems and services such as engineered lifting solutions, custom skidding and spreader beam assemblies, mobile bolting units and digital monitoring platforms.