Enerpac Tool Group Corp. (NYSE:EPAC) Shares Sold by Cerity Partners LLC

Cerity Partners LLC reduced its holdings in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 8.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 184,823 shares of the company's stock after selling 18,063 shares during the quarter. Cerity Partners LLC owned about 0.34% of Enerpac Tool Group worth $8,291,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its holdings in shares of Enerpac Tool Group by 1,061.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 495,282 shares of the company's stock worth $20,351,000 after buying an additional 452,641 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Enerpac Tool Group by 1,931.9% in the 4th quarter. Wells Fargo & Company MN now owns 409,263 shares of the company's stock valued at $16,817,000 after acquiring an additional 389,121 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Enerpac Tool Group by 230.6% during the 4th quarter. Ameriprise Financial Inc. now owns 535,310 shares of the company's stock valued at $21,996,000 after purchasing an additional 373,372 shares during the last quarter. Grandeur Peak Global Advisors LLC increased its position in shares of Enerpac Tool Group by 1,197.5% during the 4th quarter. Grandeur Peak Global Advisors LLC now owns 208,385 shares of the company's stock valued at $8,563,000 after purchasing an additional 192,325 shares during the last quarter. Finally, Invesco Ltd. grew its position in Enerpac Tool Group by 39.2% during the 4th quarter. Invesco Ltd. now owns 574,894 shares of the company's stock worth $23,622,000 after acquiring an additional 161,794 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors.

Enerpac Tool Group Price Performance

Shares of NYSE EPAC traded down $0.25 during mid-day trading on Friday, reaching $38.31. The company's stock had a trading volume of 493,912 shares, compared to its average volume of 340,243. The firm has a market capitalization of $2.07 billion, a PE ratio of 23.50 and a beta of 1.16. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.90 and a quick ratio of 2.24. The stock has a fifty day moving average of $41.77 and a two-hundred day moving average of $42.61. Enerpac Tool Group Corp. has a 52 week low of $36.51 and a 52 week high of $51.91.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last issued its quarterly earnings data on Monday, June 23rd. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.04. Enerpac Tool Group had a return on equity of 24.04% and a net margin of 14.65%. The business had revenue of $158.66 million for the quarter, compared to the consensus estimate of $159.35 million. During the same period in the prior year, the business posted $0.47 earnings per share. As a group, sell-side analysts anticipate that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Enerpac Tool Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 5th.

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.