Vanguard Group Inc. Trims Position in Enerpac Tool Group Corp. $EPAC

Vanguard Group Inc. lessened its holdings in Enerpac Tool Group Corp. (NYSE:EPAC) by 2.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 5,871,040 shares of the company’s stock after selling 123,530 shares during the period. Vanguard Group Inc. owned about 11.08% of Enerpac Tool Group worth $240,713,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. AQR Capital Management LLC boosted its holdings in Enerpac Tool Group by 29.5% in the first quarter. AQR Capital Management LLC now owns 27,208 shares of the company’s stock worth $1,221,000 after acquiring an additional 6,203 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Enerpac Tool Group by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,370 shares of the company’s stock valued at $1,452,000 after buying an additional 1,425 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Enerpac Tool Group by 24.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 217,195 shares of the company’s stock worth $9,743,000 after acquiring an additional 42,835 shares during the period. Jane Street Group LLC raised its stake in shares of Enerpac Tool Group by 32.8% in the first quarter. Jane Street Group LLC now owns 131,506 shares of the company’s stock worth $5,899,000 after purchasing an additional 32,491 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its position in Enerpac Tool Group by 2.3% in the second quarter. State of New Jersey Common Pension Fund D now owns 43,709 shares of the company’s stock valued at $1,773,000 after buying an additional 976 shares during the last quarter. 97.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Enerpac Tool Group Trading Down 0.9%

EPAC opened at $40.82 on Friday. 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 Corp. has a 12 month low of $35.01 and a 12 month high of $47.27. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 24.44 and a beta of 0.99. The business has a fifty day moving average price of $40.87 and a 200 day moving average price of $40.62.

Enerpac Tool Group (NYSE:EPAC) last announced its quarterly earnings results on Wednesday, December 17th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The company had revenue of $144.21 million during the quarter, compared to analysts’ expectations 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 last year, the firm earned $0.40 earnings per share. Sell-side analysts expect that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current fiscal year.

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.