Barrow Hanley Mewhinney & Strauss LLC Sells 145,897 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Barrow Hanley Mewhinney & Strauss LLC lowered its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 6.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,209,176 shares of the company's stock after selling 145,897 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 4.06% of Enerpac Tool Group worth $90,775,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in EPAC. Barclays PLC boosted its position in Enerpac Tool Group by 321.7% during the third quarter. Barclays PLC now owns 107,979 shares of the company's stock worth $4,524,000 after purchasing an additional 82,376 shares during the period. Janney Montgomery Scott LLC bought a new stake in Enerpac Tool Group during the fourth quarter worth approximately $252,000. Cottonwood Capital Advisors LLC acquired a new position in shares of Enerpac Tool Group during the fourth quarter worth approximately $220,000. Andina Capital Management LLC lifted its holdings in shares of Enerpac Tool Group by 31.4% during the fourth quarter. Andina Capital Management LLC now owns 22,508 shares of the company's stock worth $925,000 after buying an additional 5,379 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of Enerpac Tool Group by 91.7% during the fourth quarter. KBC Group NV now owns 2,561 shares of the company's stock worth $105,000 after buying an additional 1,225 shares during the last quarter. Institutional investors own 97.70% of the company's stock.

Enerpac Tool Group Stock Down 1.4%

Shares of EPAC stock opened at $43.17 on Friday. Enerpac Tool Group Corp. has a 12 month low of $35.18 and a 12 month high of $51.91. The firm has a market cap of $2.33 billion, a PE ratio of 26.32 and a beta of 1.20. The stock has a 50 day moving average of $42.08 and a 200-day moving average of $44.33. The company has a quick ratio of 2.24, a current ratio of 2.92 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. Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%. The company had revenue of $145.53 million during the quarter, compared to analyst estimates of $139.80 million. On average, equities analysts predict that Enerpac Tool Group Corp. will post 1.78 EPS for the current year.

Analysts Set New Price Targets

Separately, CJS Securities assumed coverage on Enerpac Tool Group in a report on Friday, March 14th. They set an "outperform" rating and a $53.00 price target 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.

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