Barrow Hanley Mewhinney & Strauss LLC Has $90.78 Million Holdings in Enerpac Tool Group Corp. (NYSE:EPAC)

Barrow Hanley Mewhinney & Strauss LLC lessened its position in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 6.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,209,176 shares of the company's stock after selling 145,897 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 4.06% of Enerpac Tool Group worth $90,775,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EPAC. Federated Hermes Inc. raised its stake in Enerpac Tool Group by 13.6% during the 4th quarter. Federated Hermes Inc. now owns 46,272 shares of the company's stock valued at $1,901,000 after purchasing an additional 5,528 shares during the period. Amundi lifted its stake in Enerpac Tool Group by 184.7% in 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 4th quarter worth about $261,000. Wealthspire Advisors LLC purchased a new position in Enerpac Tool Group during the 4th quarter valued at about $238,000. Finally, US Bancorp DE increased its holdings in shares of Enerpac Tool Group by 117.5% in the 4th quarter. US Bancorp DE now owns 17,236 shares of the company's stock valued at $708,000 after purchasing an additional 9,311 shares during the period. Institutional investors and hedge funds own 97.70% of the company's stock.

Enerpac Tool Group Stock Down 0.9%

Shares of Enerpac Tool Group stock traded down $0.39 during midday trading on Wednesday, reaching $43.38. 30,962 shares of the company's stock traded hands, compared to its average volume of 328,386. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.24 and a current ratio of 2.92. Enerpac Tool Group Corp. has a 52 week low of $35.18 and a 52 week high of $51.91. The company's 50 day simple moving average is $42.06 and its 200 day simple moving average is $44.15. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 26.44 and a beta of 1.20.

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

Analysts Set New Price Targets

Several analysts recently commented on EPAC shares. CJS Securities began coverage on shares of Enerpac Tool Group in a report on Friday, March 14th. They set an "outperform" rating and a $53.00 price target for the company. Wall Street Zen upgraded Enerpac Tool Group from a "hold" rating to a "buy" rating in a report on Saturday.

Enerpac Tool Group 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.