Cooke & Bieler LP Cuts Stock Holdings in Enerpac Tool Group Corp. (NYSE:EPAC)

Cooke & Bieler LP lessened its holdings in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 2.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,056,584 shares of the company's stock after selling 31,892 shares during the quarter. Cooke & Bieler LP owned approximately 1.95% of Enerpac Tool Group worth $47,398,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Victory Capital Management Inc. grew its holdings in shares of Enerpac Tool Group by 12.5% in the fourth 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 during the period. Proficio Capital Partners LLC purchased a new stake in shares of Enerpac Tool Group in the 4th quarter valued at approximately $991,000. Raymond James Financial Inc. acquired a new stake in shares of Enerpac Tool Group during the 4th quarter worth approximately $1,185,000. PNC Financial Services Group Inc. raised its position in shares of Enerpac Tool Group by 80.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,452 shares of the company's stock valued at $224,000 after buying an additional 2,438 shares during the period. Finally, Amundi lifted its holdings in Enerpac Tool Group by 184.7% in the fourth quarter. Amundi now owns 27,217 shares of the company's stock valued at $1,121,000 after acquiring an additional 17,658 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company's stock.

Wall Street Analysts Forecast Growth

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 Trading Down 0.6%

EPAC stock traded down $0.25 during mid-day trading on Friday, hitting $38.31. 493,912 shares of the company were exchanged, compared to its average volume of 340,243. The company has a quick ratio of 2.24, a current ratio of 2.90 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $2.07 billion, a P/E ratio of 23.50 and a beta of 1.16. The business has a fifty day simple moving average of $41.77 and a 200-day simple moving average of $42.61. Enerpac Tool Group Corp. has a 12-month low of $36.51 and a 12-month high of $51.91.

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 analysts' consensus estimates of $0.47 by $0.04. The company had revenue of $158.66 million during the quarter, compared to analysts' expectations 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 research analysts predict that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current fiscal year.

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.