Envestnet Asset Management Inc. Sells 39,707 Shares of Enerpac Tool Group Corp. $EPAC

Envestnet Asset Management Inc. reduced its position in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 19.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 162,240 shares of the company’s stock after selling 39,707 shares during the quarter. Envestnet Asset Management Inc. owned 0.31% of Enerpac Tool Group worth $6,652,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans lifted its position in Enerpac Tool Group by 4.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,136,844 shares of the company’s stock valued at $46,610,000 after acquiring an additional 50,645 shares in the last quarter. AlphaQuest LLC boosted its position in shares of Enerpac Tool Group by 6,366.4% during the third quarter. AlphaQuest LLC now owns 8,277 shares of the company’s stock valued at $339,000 after buying an additional 8,149 shares during the last quarter. Summit Global Investments bought a new stake in Enerpac Tool Group in the 3rd quarter worth about $245,000. Federated Hermes Inc. raised its position in Enerpac Tool Group by 1.9% in the 3rd quarter. Federated Hermes Inc. now owns 33,677 shares of the company’s stock worth $1,381,000 after buying an additional 633 shares during the last quarter. Finally, Cooke & Bieler LP raised its position in Enerpac Tool Group by 46.2% in the 3rd quarter. Cooke & Bieler LP now owns 1,546,003 shares of the company’s stock worth $63,386,000 after buying an additional 488,209 shares during the last quarter. Institutional investors own 97.70% of the company’s stock.

Enerpac Tool Group Trading Up 0.2%

NYSE:EPAC opened at $42.40 on Friday. Enerpac Tool Group Corp. has a one year low of $35.01 and a one year high of $47.27. The business has a fifty day moving average price of $40.58 and a 200-day moving average price of $40.60. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 25.39 and a beta of 0.99. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.83 and a quick ratio of 2.14.

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

Analyst Upgrades and Downgrades

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

Enerpac Tool Group Company Profile

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.