Leeward Investments LLC MA Cuts Stock Position in Enerpac Tool Group Corp. (NYSE:EPAC)

Leeward Investments LLC MA reduced its position in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 4.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 266,541 shares of the company's stock after selling 12,264 shares during the quarter. Leeward Investments LLC MA owned about 0.49% of Enerpac Tool Group worth $11,957,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Bank of Montreal Can boosted its holdings in Enerpac Tool Group by 2.8% in the fourth quarter. Bank of Montreal Can now owns 11,381 shares of the company's stock valued at $468,000 after acquiring an additional 314 shares during the last quarter. Summit Investment Advisors Inc. increased its position in shares of Enerpac Tool Group by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,689 shares of the company's stock valued at $234,000 after purchasing an additional 361 shares during the last quarter. CIBC Private Wealth Group LLC increased its stake in Enerpac Tool Group by 16.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,905 shares of the company's stock worth $120,000 after purchasing an additional 418 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Enerpac Tool Group by 6.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,845 shares of the company's stock valued at $307,000 after purchasing an additional 440 shares in the last quarter. Finally, Moody National Bank Trust Division raised its position in Enerpac Tool Group by 4.8% during the first quarter. Moody National Bank Trust Division now owns 10,967 shares of the company's stock valued at $492,000 after acquiring an additional 506 shares in the last quarter. 97.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EPAC. Wall Street Zen upgraded Enerpac Tool Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday. CJS Securities started coverage on Enerpac Tool Group in a research report on Friday, March 14th. They issued an "outperform" rating and a $53.00 target price for the company.

Enerpac Tool Group Stock Up 0.2%

NYSE EPAC traded up $0.06 on Friday, reaching $38.05. The company had a trading volume of 551,053 shares, compared to its average volume of 329,130. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.24 and a current ratio of 2.90. The company's fifty day moving average is $42.53 and its 200-day moving average is $42.96. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 23.34 and a beta of 1.16. Enerpac Tool Group Corp. has a 1-year low of $36.78 and a 1-year high of $51.91.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last released its quarterly earnings results on Monday, June 23rd. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.04. Enerpac Tool Group had a net margin of 14.65% and a return on equity of 24.04%. The business had revenue of $158.66 million for the quarter, compared to analysts' expectations of $159.35 million. During the same period in the previous year, the company earned $0.47 earnings per share. On average, research analysts forecast that Enerpac Tool Group Corp. will post 1.78 earnings per share 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.