Enerpac Tool Group Corp. (NYSE:EPAC) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lessened its holdings in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 54.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 44,993 shares of the company's stock after selling 54,351 shares during the period. Price T Rowe Associates Inc. MD owned 0.08% of Enerpac Tool Group worth $1,849,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. raised its holdings in Enerpac Tool Group by 13.6% during the fourth quarter. Federated Hermes Inc. now owns 46,272 shares of the company's stock worth $1,901,000 after purchasing an additional 5,528 shares in the last quarter. Amundi raised its stake in Enerpac Tool Group by 184.7% during the 4th quarter. Amundi now owns 27,217 shares of the company's stock worth $1,121,000 after acquiring an additional 17,658 shares in the last quarter. Atria Investments Inc purchased a new stake in Enerpac Tool Group in the fourth quarter valued at $261,000. Wealthspire Advisors LLC acquired a new position in Enerpac Tool Group in the fourth quarter valued at $238,000. Finally, US Bancorp DE grew its holdings in shares of Enerpac Tool Group by 117.5% during the fourth quarter. US Bancorp DE now owns 17,236 shares of the company's stock worth $708,000 after purchasing an additional 9,311 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company's stock.

Analysts Set New Price Targets

Separately, CJS Securities started coverage on Enerpac Tool Group in a research report on Friday, March 14th. They issued an "outperform" rating and a $53.00 target price for the company.

Enerpac Tool Group Stock Performance

Shares of EPAC opened at $41.62 on Thursday. The company's 50 day simple moving average is $42.02 and its 200-day simple moving average is $44.30. The firm has a market cap of $2.25 billion, a PE ratio of 25.38 and a beta of 1.20. Enerpac Tool Group Corp. has a 12-month low of $35.18 and a 12-month high of $51.91. 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 announced its earnings results on Monday, March 24th. The company reported $0.39 EPS for the quarter, meeting 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 business had revenue of $145.53 million during the quarter, compared to analysts' expectations of $139.80 million. As a group, equities analysts predict that Enerpac Tool Group Corp. will post 1.78 EPS for the current year.

About Enerpac Tool Group

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.

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