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

Cooke & Bieler LP decreased its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 2.9% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,056,584 shares of the company's stock after selling 31,892 shares during the period. Cooke & Bieler LP owned 1.95% of Enerpac Tool Group worth $47,398,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in EPAC. Whittier Trust Co. increased its position in shares of Enerpac Tool Group by 361.9% during the 1st quarter. Whittier Trust Co. now owns 1,663 shares of the company's stock valued at $75,000 after purchasing an additional 1,303 shares during the last quarter. Heck Capital Advisors LLC bought a new position in Enerpac Tool Group during the 4th quarter worth approximately $99,000. CIBC Private Wealth Group LLC grew its position in Enerpac Tool Group by 16.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,905 shares of the company's stock worth $120,000 after acquiring an additional 418 shares during the last quarter. State of Wyoming purchased a new stake in Enerpac Tool Group in the 4th quarter worth approximately $201,000. Finally, Cibc World Markets Corp purchased a new stake in Enerpac Tool Group in the 4th quarter worth approximately $209,000. Hedge funds and other institutional investors own 97.70% of the company's stock.

Analyst Ratings Changes

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

Enerpac Tool Group Price Performance

Shares of NYSE:EPAC traded down $0.25 during mid-day trading on Friday, reaching $38.31. The stock had a trading volume of 493,912 shares, compared to its average volume of 340,318. The company has a current ratio of 2.90, a quick ratio of 2.24 and a debt-to-equity ratio of 0.42. The company has a market cap of $2.07 billion, a P/E ratio of 23.50 and a beta of 1.16. Enerpac Tool Group Corp. has a 1 year low of $36.51 and a 1 year high of $51.91. The business's 50 day moving average price is $41.77 and its 200 day moving average price is $42.62.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last announced its quarterly earnings data on Monday, June 23rd. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.04. The company had revenue of $158.66 million for 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 quarter in the prior year, the firm earned $0.47 earnings per share. Research analysts expect that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal 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.