Champlain Investment Partners LLC Cuts Stake in Enerpac Tool Group Corp. (NYSE:EPAC)

Champlain Investment Partners LLC lowered its position in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 40.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,218,077 shares of the company's stock after selling 831,884 shares during the quarter. Champlain Investment Partners LLC owned approximately 2.24% of Enerpac Tool Group worth $50,051,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EPAC. SkyView Investment Advisors LLC boosted its holdings in Enerpac Tool Group by 1.6% in the 3rd quarter. SkyView Investment Advisors LLC now owns 17,014 shares of the company's stock valued at $713,000 after purchasing an additional 276 shares in the last quarter. Bank of Montreal Can raised its stake in Enerpac Tool Group by 2.8% during the 4th quarter. Bank of Montreal Can now owns 11,381 shares of the company's stock valued at $468,000 after acquiring an additional 314 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in shares of Enerpac Tool Group by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,689 shares of the company's stock valued at $234,000 after purchasing an additional 361 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in Enerpac Tool Group by 16.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,905 shares of the company's stock worth $120,000 after purchasing an additional 418 shares during the period. Finally, Assetmark Inc. acquired a new stake in Enerpac Tool Group during the fourth quarter valued at $29,000. Institutional investors and hedge funds own 97.70% of the company's stock.

Enerpac Tool Group Stock Performance

EPAC stock traded up $0.63 during trading hours on Wednesday, hitting $39.03. 63,625 shares of the stock were exchanged, compared to its average volume of 352,058. The company has a 50-day simple moving average of $43.21 and a two-hundred day simple moving average of $44.50. Enerpac Tool Group Corp. has a 12 month low of $35.12 and a 12 month high of $51.91. The firm has a market capitalization of $2.11 billion, a P/E ratio of 23.80 and a beta of 1.08. The company has a current ratio of 2.92, a quick ratio of 2.24 and a debt-to-equity ratio of 0.47.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last issued its quarterly earnings results on Monday, March 24th. The company reported $0.39 EPS for the quarter, hitting analysts' consensus estimates of $0.39. The company had revenue of $145.53 million for the quarter, compared to analyst estimates of $139.80 million. Enerpac Tool Group had a net margin of 15.14% and a return on equity of 25.39%. On average, analysts forecast that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, CJS Securities initiated coverage on shares of Enerpac Tool Group in a research note on Friday, March 14th. They issued an "outperform" rating and a $53.00 price objective for the company.

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.