Dimensional Fund Advisors LP Sells 21,376 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Dimensional Fund Advisors LP trimmed its stake in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,516,887 shares of the company's stock after selling 21,376 shares during the quarter. Dimensional Fund Advisors LP owned about 2.79% of Enerpac Tool Group worth $62,331,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Assetmark Inc. bought a new stake in Enerpac Tool Group in the 4th quarter valued at about $29,000. First Horizon Advisors Inc. bought a new stake in shares of Enerpac Tool Group during the fourth quarter valued at approximately $36,000. Venturi Wealth Management LLC acquired a new position in shares of Enerpac Tool Group during the fourth quarter worth approximately $51,000. Heck Capital Advisors LLC bought a new position in shares of Enerpac Tool Group in the 4th quarter worth $99,000. Finally, KBC Group NV grew its position in Enerpac Tool Group by 91.7% in the 4th quarter. KBC Group NV now owns 2,561 shares of the company's stock valued at $105,000 after purchasing an additional 1,225 shares during the period. 97.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, CJS Securities began 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 on the stock.

Enerpac Tool Group Stock Down 0.1 %

Shares of EPAC stock traded down $0.05 during trading hours on Wednesday, reaching $41.62. The company had a trading volume of 239,708 shares, compared to its average volume of 330,808. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 25.38 and a beta of 1.20. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.92 and a quick ratio of 2.24. Enerpac Tool Group Corp. has a 12 month low of $35.18 and a 12 month high of $51.91. The business has a fifty day simple moving average of $42.02 and a 200-day simple moving average of $44.30.

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