Cerity Partners LLC Reduces Stock Holdings in Enerpac Tool Group Corp. (NYSE:EPAC)

Cerity Partners LLC trimmed its holdings in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 8.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 184,823 shares of the company's stock after selling 18,063 shares during the period. Cerity Partners LLC owned 0.34% of Enerpac Tool Group worth $8,291,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in EPAC. Charles Schwab Investment Management Inc. lifted its stake in shares of Enerpac Tool Group by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 626,058 shares of the company's stock valued at $25,725,000 after purchasing an additional 4,602 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Enerpac Tool Group by 12.5% in the 4th quarter. Victory Capital Management Inc. now owns 28,366 shares of the company's stock valued at $1,166,000 after purchasing an additional 3,147 shares in the last quarter. Atria Investments Inc acquired a new position in shares of Enerpac Tool Group in the 4th quarter valued at about $261,000. Proficio Capital Partners LLC acquired a new position in shares of Enerpac Tool Group in the 4th quarter valued at about $991,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Enerpac Tool Group in the 4th quarter valued at about $1,185,000. 97.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Enerpac Tool Group Stock Down 0.6%

Shares of NYSE:EPAC traded down $0.25 during mid-day trading on Friday, hitting $38.31. 493,912 shares of the company traded hands, compared to its average volume of 340,243. The firm has a market cap of $2.07 billion, a P/E ratio of 23.50 and a beta of 1.16. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.24 and a current ratio of 2.90. Enerpac Tool Group Corp. has a 52-week low of $36.51 and a 52-week high of $51.91. The firm's 50 day simple moving average is $41.77 and its 200 day simple moving average is $42.61.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last announced its earnings results on Monday, June 23rd. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.47 by $0.04. The business had revenue of $158.66 million for the quarter, compared to the consensus estimate of $159.35 million. Enerpac Tool Group had a return on equity of 24.04% and a net margin of 14.65%. During the same period last year, the business posted $0.47 EPS. On average, equities analysts anticipate that Enerpac Tool Group Corp. will post 1.78 EPS for the current year.

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.